Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
STINKYBEE
on 26/11/2024, 08:45:03 UTC
For now people prefer to use Bitcoin as an asset rather than a currency. There are other factors that are also limiting El Salvadorians from embracing the use of Bitcoin as a legal tender such as poverty and lack of basic infastructure. Maybe more people will consider using Bitcoin as a currency in the future when it has achieved stability and the economic conditions of the country have improved.
The government keeps getting applause on appreciation for making bitcoin as a legal tender from different nations but what about the elsalvadorian's who are still unaware on utilization of bitcoin? Have they taught about some decentralized wallets? Also, have seen few old videos about what people doing after government legalized it, the more people they have been making transaction for the daily life groceries, simply electricity bills payment etc thru some centralized exchanges, exchanging for fiat asap after receiving btc from somewhere thru another mid man, few other hopium about will make profit- keep holding on someone's centralizedwallet? What you think about this, is the country making mistakes not developing in infrastructures from taking out the unrealised gains from holding massives 1000's of bitcoin? I think people better hodl their stash instead quick sells for bucks soon(does they took bitcoin as a simply digital cash system of fiat for their country for the daily basis trade?).