Quote from: Tony116 on Today at 02:05:10 AM

Quote from: Becassine on July 19, 2023, 09:18:06 PM

Quote from: Texac on July 19, 2023, 11:57:05 AM

Yes, some people don't see bitcoin as an investment, and they are using it as a currency, I was wrong to rush to conclude it's just an investment. but the number of people using it as a currency is few, if not scarce.
Do you have any evidence that bitcoin is benefiting a country's economy, let alone the impact of the world economy? not even Satoshi mentioned that bitcoin has a mission or ability to fix the economy.

Proof I don't know, but when big brands start accepting bitcoin, something is changing. We could cite Pick n Pay (https://cointelegraph.com/news/retail-giant-pick-n-pay-to-accept-bitcoin-in-1-628-stores-across-south-africa) in Africa or even McDonald's, without forgetting luxury brands.

Even the famous brand in New-York Jacob and Co (watches) created a luxury bitcoin watch (https://www.cointribune.com/jacob-and-co-montre-astronomia-solar-bitcoin/)

Bitcoin adoption is still at an experimental level, so it is difficult to say whether it will benefit the national or world economy. Furthermore, when bitcoin is only used as a speculative asset (what's going on) it can't really generate any national interest. We need more time for bitcoin adoption to become more popular, more people to adopt it in real life, then we will see how impactful it is. It is too early to say that bitcoin is benefiting and improving the world economy, but it is also impossible to conclude that it will never bring any benefit.

No data yet showing that it help improve the economy since country like El Salvador seems struggling since bitcoin is really unpredictable in terms of its movement. But once they experience all scenarios for sure that country can see some change on its financial system or maybe the economy might get a good boost if there's good events will occur in the market. For now lets see how their adoption go and if they fail or succeed with this action they do.