⭐ Merited by NotATether (1)
Do you believe that the El Salvador government blew its whole wadd merely because it gave a $30 credit to each of it's citizens in the Chivo wallet?
Do you know if they are not going to issue another credit ? similar amount? smaller amount? How do you know that the issuance of one time was a failure in terms of getting some citizen's aware of bitcoin and maybe they can change the next issuance, in the event that they make another issuance, no?
Do you know if they are not going to issue another credit ? similar amount? smaller amount? How do you know that the issuance of one time was a failure in terms of getting some citizen's aware of bitcoin and maybe they can change the next issuance, in the event that they make another issuance, no?
Not exactly. El Salvador blew it when it gave away the $30 all in one go. It should've rewarded citizens based on participation (like a sort of cashback), not just downloading and installing the wallet. A slow and steady release of the $30 credit would've been ideal to keep people using the Chivo wallet for BTC transactions. Maybe El Salvador's government will issue additional rewards to help fix the problem?
So you are concluding that adoption is currently not good? Are you concluding that some citizens are not benefiting by using and transmitting in bitcoin, including receiving remittances into El Salvador with low fees and without having to worry about the government being hostile to their bitcoin related activities?
I wouldn't say adoption has failed just yet, because it's only been a year since Bitcoin was made legal tender. It's a process that could take months or years, depending on the governments' efforts to build the necessary infrastructure to spur adoption of Bitcoin within the country. Of course, the benefits of using Bitcoin are always there. But you can't enjoy the full benefits if most merchants and/or businesses are still using Fiat on top of Bitcoin, right? Let's give it some time to see what happens as Bitcoin goes more into the mainstream.
