Quote from: Abiky on May 10, 2022, 01:45:39 PM

Quote from: Fortify on May 06, 2022, 01:51:37 PM

There are all sorts of motivating factors behind what you say is the failure of Bitcoin in El Salvador. Firstly, the government tried to hurry the process along by basically forcing El Salvadorean's to fund a purchase of Bitcoin (through taxes) which was then given back to every citizen - basically just a vote buying attempt. A slower roll out, which focused on setting businesses up to process payments through Bitcoin in a really efficient way, would have been the correct way to do it or even focusing on the "send money from overseas and avoid excessive middleman fees" would have been a stronger angle to take on this. However some people in the country struggle to find work or even eat, so they're not too interested in this inanimate internet currency when they already have existing payment facilities.

Exactly. Most people don't even have the resources to access Bitcoin, so it's unlikely adoption for the cryptocurrency will grow within the short term. El Salvador's government should've built the necessary infrastructure in order to make people adopt Bitcoin in mass. I hope businesses and merchants in the country adopt Bitcoin as their main currency of choice to help contribute to the cause. The market is bearish right now, so it's going to take some time before people in El Salvador become interested in Bitcoin. At least, the government is buying the dip. Who knows if BTC's next All-time-high in price turns El Salvador into a developed country in the future? Just my thoughts Grin

I spoke to one of the Ukraine clients and they said they would not have an idea that they will be refuges in a while. Likewise you never know when are you going to loose your hard money - this is very risky game, one can't believe what is going to happen in coming days.