Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
trendcoin
on 06/10/2022, 18:08:34 UTC
⭐ Merited by JayJuanGee (1)
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He did not say that.  He specifically mentioned countries non-specifically and then he mentioned the African continent..
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Yes, I didn't mention a country name. I tried to refer to regions that do not have financial access. I have no bad thoughts about Africa or El Salvador. I respect these geographies and the people who live there. I just wanted to say my expectations.

Until the First International, Marx was waiting for the workers' revolution in one of the developed capitalist countries because the working class was most oppressed in these countries. His prediction did not come true, but he evaluated the current conditions simply and powerfully. Likewise, I was trying to establish a simple and powerful logic. Bitcoin had the potential to gain mass adoption at revolutionary speed in geographies with limited financial access.


https://twitter.com/WorldBankAfrica/status/1002901452237524997

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Among the most impressive that helped me understand why bitcoin will be the currency that will lead the country of El Salvador is this.

Quote
"Over 70% of the active population of El Salvador doesn't have a bank account. They're not in the financial system." -Jack Mallers

https://twitter.com/TheBitcoinConf/status/1401279373223866369?s=19
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But the African and El Salvadorian experiences empirically disproved this simple thesis. That's why I find Bitcoin adoption in Africa and El Salvador slower than expected. Personally, I expected dizzying demands from geographies like these.