Quote from: Vaskiy on Today at 05:36:31 AM

Quote from: Mr.suevie on October 06, 2023, 10:15:34 PM

Quote from: kingvirtus09 on October 06, 2023, 10:49:27 AM

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.

People of El Salvador protested against the adoption of bitcoin. Bitcoin protests in El Salvador against cryptocurrency as legal tender. We can't say El Salvador people were supporting bitcoin adoption without any second thought. The credit goes to President Nayib Bukele, because he is the one who took the decision and he was strong in execution. It is really difficult and he faced everything and slowly started to educate and create awareness among the people. Now people are well aware of it and realise the goodness of adoption. To make things better, bitcoin education is included into the school syllabus. Rest of the countries watch the progress of El Salvador, but none have the courage to take decision as President Nayib Bukele.

You know the reason why he was able to make such decision without looking back is because he was not greedy and after the selfish interest of the government only but also after the growth and progress of his citizens and that's the thing most government fail to posses. The moment most government start thinking like this then the better because they can actually have the will power to embark on such a project like actually making and stipulating the idea of bitcoin in the country.