Post
Topic
Board Bitcoin Discussion
Merits 5 from 2 users
Re: Why has bitcoin adoption failed in El Salvador?
by
348Judah
on 02/09/2022, 12:15:21 UTC
⭐ Merited by The Pharmacist (4) ,JayJuanGee (1)
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

he does that on two motives, one is to help the citizens adapt to the use of bitcoin by having some stash in the wallet so that they can all have a reason more for it engagement, he also do that in other to consider the less privileged and for every single citizens to have at least that little amount to earn a living, maximize it potential and make profits, invest with it or even has it as one thing the Bukele led administration had done to help an average El-Savadoran, he has the intention to make life easy as the cheapest means for the people, what have you benefited from your own government today?

A slow and steady release of the $30 credit would've been ideal to keep people using the Chivo wallet for BTC transactions

$30 is too small to be expected on  bit by bit release, they wouldn't have any thing reasonable they could account for in using the fund, at least it can solve an average man daily needs or rather some can choose to hodl it over a long term as investment to make some earnings.

Maybe El Salvador's government will issue additional rewards to help fix the problem?

no iota of problem was found with the use of bitcoin in El-Savador, so no need for that.