Quote from: Fiatless on Today at 04:40:58 AM

Quote from: JayJuanGee on July 07, 2023, 09:04:29 PM

[edited out]

El Salvador chose to choose to take the risk damning all the consequences and gradually it is becoming clear that the nation made the right decision.

I still believe that this is too strong of a statement in regards to how bold? El Salvador has been and is being in this whole matter.

Sure, they choose bitcoin as a parallel system, but they have not completely abandonded fiat.

They are keeping their feet in both worlds...

just like individuals and institutions should attempt to do also while they are transitioning from fiat to bitcoin.

Sure, there are ways to give emphasis to bitcoin and to attempt to be more aggressive in terms of investing into bitcoin whether we are referring to finances or we might also be referring how to spend our time and our energies... and there are going to be a variety of ways that we either want to get out of our already existing fiat investments or to gradually wean ourselves away from them.

Not too many individuals, institutions and/or governments would be in a position to go completely "cold turkey" off of the various fiat systems that they are invested into, and in that regard, transition can take a long time - and still I don't really disagree with your characterization, Fiatless, that El Salvador is being way more aggressive than any other country, but they still are not engaging in all or nothing gambling in regards to how much they have put into bitcoin ....

...and yeah how aggressive anyone, any institution or any government could be may well tie into their own particular circumstances, and not everyone (including a country like El Salvador) can afford to be even close to as aggressive as Michael Saylor (and MSTR), and I would not even say that Saylor is going overboard for his (and his company's) own particular circumstances, but he is capable of being way more aggressive (and over-leveraged) than many individuals and/or governments could afford to be..

Quote from: CryptoHeadlineNews on Today at 06:12:17 AM

Quote from: Fiatless on Today at 04:40:58 AM

Fiat is an instrument of operation used by rich countries against poorer ones. This is why most International lending organizations and first-world countries will always discourage developing nations from switching to bitcoin. Some of these developing nations know that they will benefit from Bitcoin but their hands are tied due to external debt and external influence. El Salvador chose to choose to take the risk damning all the consequences and gradually it is becoming clear that the nation made the right decision.

And that brave moved taken by El Salvador has really helped the country economically wise from being a mere country to a major place of tourist visit for all Bitcoin enthusiast & lovers, because looking at the data from I got from two sites (i.e prosperity.com & worlddata.info), I'm made to understand the choose El Salvador made did move the country from being the number 102 richest country in the world as of 2021 to currently the number 97th richest nation in the world in 2023 (i.e 3yrs later), which is actually a good move.

That does not sound like a BIG (statistically significant) enough change in order for the change that you are describing to measure meaningful/significant relevance or to suggest that bitcoin was the cause of such change, if there had actually been any statistically significant and/or meaningful change in El Salvador's richness status... but sure I am not arguing that El Salvador is NOT making sufficient and good changes in it's policies and environment in order to make itself more attractive to investments and/or visitors.