Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
DaNNy001
on 07/10/2023, 05:00:43 UTC
The only good thing here in El Salvador is that this is a living testimony about Bitcoin, because at first they did not think well of it; they were very negative about it before. El Salvador even declared a ban on Bitcoin, but they eventually reversed it.

Then, later, El Salvador declared again but not to ban Bitcoin, instead a declaration that they made Bitcoin legal tender in their country, and most of them are Bitcoin enthusiasts, and it seems that only a few are not yet aware of cryptocurrency.
This full acceptance of bitcoin by el Salvador is a proof indeed that bitcoin can actually be used as a legal tender and although it may have it's up and down but there is no currency in world today that hasn't got his flaws but atleast this is big step forward towards the full adoption of bitcoin in the world. Most other countries worldwide actually protest against the use of bitcoin in their countries because of its decentralised nature but the whole purpose of bitcoin was to give financial freedom which is what most government doesn't want for their citizens.
Yeah that's true and I aslo believe that with time coming more nation will follow up on this trend but I also feel they have another excuse apart from bitcoin being decentralised and that would be the reason that bitcoin is highly volatile and it may cost them loses, well I don't know but thats is one of my theory too for the this slow and repellent nature of government towards bitcoin but anyways even if it's one of them then its actually a stupid thought because that's same thing the fiat currency does everytime because it's die off and depreciated without the purpose of every getting same value again and if there is nation that I can use to point this particular thing it will be my own country because of the excess printing of fiat our currency has lost all value and cannot even withstand comparison with other fiat which is a typical example of fiat dying off overtime and yet the use  and adoption of bitcoin is still winked at with one eye by our government.