Quote from: FortuneFollower on Today at 01:12:00 PM

Quote from: OcTradism on Today at 12:10:00 PM

Quote from: shield132 on Today at 10:07:42 AM

No, that fact means that other countries will accept Bitcoin because they have been looking at El Salvador and this country is doing well. There are also some other countries that successfully implement Bitcoin as payment means. To prove you wrong, I want to give you an example of Louisiana state government. This state in the USA accepts Bitcoin payments.

El Salvador is a first nation makes Bitcoin Legal Tender and practically they have been doing it seriously since June 9th 2021. El Salvador's law: a meaningful test for Bitcoin is a report from PwC.

There is another country make it after El Salvador, Central Africa Republic about one year later but 3 years after El Salvador, they are the only nation follows this law of Bitcoin Legal Tender at national scale.
https://coinmarketcap.com/legal-tender-countries/

We have to guess what are barriers that make other hundred of other countries have yet adopted Bitcoin as Legal tender in 2024.

Simply put - they don't see as many possibilities as those listed in your post. These countries would use every opportunity presented to them in order to make their situation more stable and better. Others would like to regulate crypto to the brim, in general.

I agree that these little countries had a lot to gain and little to lose by implementing Bitcoin as legal tender, and I has always had the same concerns you've shown; but with the last news about the projected Bitcoin reserve in the USA and a potentially more liberal policy if Trumps comes to power again, chances are that we witness a change of paradigm sooner than we think.

I don't want to sound visionary or populistic, but that's a possibility as the point we are reaching has never been seen before.