Quote from: irhact on Today at 05:20:34 AM

Quote from: Riodarvg on December 03, 2022, 07:28:29 AM

The same use of Bitcoin will also have a positive impact on the Brazilian economy, benefiting the people of the entire country and making them more free.

How is this going to have a positive impact on their economy, Bitcoin is just a payment system

"Bitcoin is just a payment system"

That is not true.

You must not understand bitcoin if you are summarizing it up in that sort of way.

Or maybe you are mixing bitcoin up with shitcoins? or fiat?

In other words, bitcoin is quite a bit more than just a payment system.. especially if you look into the matter a wee bit.

Quote from: irhact on Today at 05:20:34 AM

and just like other payment system that's been recognize by Brazilian government, Bitcoin just became one of them.

Sure it is true that a government might recognize and even assess bitcoin as "only" a payment system... but bitcoin gives few shits about that. Bitcoin is what it is, and even if a government tries to describe bitcoin as "only" a payment system.. or to proclaim that bitcoin "can only be used" as a payment system, bitcoin is extra-jurisdictional.. meaning that it is not contained within one jurisdiction, and is designed to make it difficult to jurisdictionally capture it.. even if some jurisdictions might have more power than others in terms their abilities to effectuate their mandates.. we do not have a world-wide authority that would easily be able to capture king daddy... even if some of them might try and some of them might even coordinate to try to effectuate capture and/or suppression of bitcoin.

Quote from: irhact on Today at 05:20:34 AM

The Brazil government didn't say they'll be investing in Bitcoin, If that's what they'll do then their involvement will have a positive impact as the country financial will increase when Bitcoin does go higher.

Sure.. bitcoin does not discriminate.. so in that regard, any government that gets involved in investing into bitcoin sooner rather than later will be advantaged, in similar ways that individuals and institutions are advantaged by getting involved into investing (whether time, money or mental energies) sooner rather than later.

Many of us longer term bitcoiners recognize and appreciate that bitcoin has served and continues to serve as one of the best of investments for individuals who should be much more equipped (meaning they are more flexible) to be able to act more quickly than institutions and/or governments and therefore more able to front-run institutions and governments in terms of their investment into bitcoin.

Quote from: irhact on Today at 05:20:34 AM

Bitcoin has grown so popular that it's unreasonable for any government to not make it a payment currency in their country then invest in them. You bring more awareness to your citizens when you accept Bitcoin and then your citizens investing in it can help them financially.

I think that I agree with you about these points - even though it still seems to me that you are somewhat convoluting what bitcoin actually is and what people might say or consider bitcoin to be - even while at the same time, it appears that you seem to understand that bitcoin is more than merely a payment system, even if governments might initially "get into" bitcoin based on considering bitcoin to be a "payment system."