The economic condition of El Salvador cannot be said to be so bad and their economic condition cannot be said to be very advanced, that is, they are in the middle level economically, but they have educational qualifications, so it will be easy for them to adapt to any new technology. 92 percent plus people are educated, that is, if the government of El Salvador introduces any new technology to them, I believe that the people of El Salvador will understand the new technology very easily. Taking advantage of the high educational qualification rate in their country, the government of El Salvador adopted Bitcoin as a legal currency in their country, initially people opposed this decision, but later people welcomed this decision of the government of El Salvador. Now many are expecting a big change in El Salvador's economic situation through Bitcoin.

That's a huge percentage for me, honestly.

Because before there were people expressing how disappointed they were when the Bukele government have announced the adoption of Bitcoin as a legal tender and they don't know how it's going to go and where to start.

But to say that there's been 92 percent of people there that have been educated, that's quick stats for them as they will be forced to know that sides of using Bitcoin as a legal tender.

The next thing is from that percentage, how many will get to used and understand Bitcoin even the basics of it?

It is only natural that there will be obstacles in every different concern. When Nayib Bukele planned to adopt Bitcoin in his country to improve the economic condition of his country, his plan was taken negatively by many people and many economists or media of his country published various negative news to stop his initiative, faced so much criticism and obstacles that he adopted Bitcoin in his country. The initiative has been welcomed by the people of their country ever since Bitcoin was legalized in their country. Nayib Bukele's initiative is today considered a successful concern by those who opposed Bitcoin as legal tender. Nayib Bukele is much younger than the presidents of other countries so maybe he has adopted this heterogeneous concern to change the economic condition of their country.

All well said and I think we all are saying almost same thing without much difference here, El-Savador is already a bitcoin household name in this regard and Binance has it international reputation and standard, but in this context we should consider less of Binance being an exchange here, El-Savador is the main focal point of discussion in which it bitcoin adoption has attrated so many opportunities all over the globe for it development, i believe many countries would have also make attempts inviting Binance to site their branch in their country which offers got turned down due to low crypto related activities and adoption, with bitcoin adoption in El-Savador, it has become a business hub and entrepreneurship center, where learning opportunity is concentrated and achieved.

I just wanted to dive in the space to see just how El-Salvador has handled things after they did trend a long time ago but, I don’t think I got the update I hoped to see here still.

The licensing of Binance in a partnership form of operation or perhaps am not using the best world to describe what’s the deal with El-Salvador and Binance, it always leaves me with mixed feelings as we know, this is a centralized system within a centralized system in the cryptospace and with government of nations looking out for crypto regulations and an insight into how citizens make use of cryptocurrency, this provides for them a window of opportunity although, exchange policies is there to protect user data but, there could be something done to benefit both sides at the detriment of a concerned about transaction and user. Not really that this can happen but, it’s often a thought on my mind of a scenario.

For now, it is in El Salvador that there are many concrete steps being taken by the government to encourage literacy or increase the insight that is being carried out by the government for its citizens very seriously. Bitcoin schools and so on are clear evidence that they adopt bitcoin as a legal tender with full consideration and not just on a speculative basis. Well I wish more countries followed El Salvador. Although there are already some who follow it. But I hope for more in the future.

Seems to me that a leader should both represent and appear to represent all of the people and not just people who agree with him or are the same age as him.  Probably part of the reason that Bukele has high approval ratings in the arena of 92% is because there is largely a perception that he is trying to represent everyone.. even while he is taking steps to lock up a lot of people, so surely he would not necessarily be representing the interest of those people, even though he likely has responsibilities that he is not unduly locking up innocent people and that there are due process mechanisms in place in order to make sure that innocent people are not getting punished.. .which is frequently a risk when drag-net type operations are carried out...and don't get me wrong, I don't have enough information to conclude that appropriate balances have not been accomplished and ongoingly being worked out in regards to what some folks consider to be draconian measures to achieve better senses of public safety.

I might have had gotten a bit into scrambled arguments, yet I suppose that I was trying to say that any governmental leader, whether Bukele or any other leader has duties to represent everyone, not just people from their demographics, since synchronym's post seemed to be suggesting some kind of an age-bias that Bukele would have had to appeal to young people blah blah blah.. so I was also suggesting that Bukele's high level of support likely shows that tend to believe that he's representing everyone..

and then I got into the prisoner situation.. which probably convoluted some of what I was saying.. so maybe I was trying to say too much and it's not even seeming to be completely that central to the overall theme of this thread in terms of the ramifications of making bitcoin legal tender.. even though the topics do somewhat relate. 

In that particular post, I was not even trying to get into anything related to the Binance situation, but I don't mind saying something about the Binance situation, which is  that I think that various kinds of relationships are likely needed to be made in terms of which services are made available in the country, and surely any bitcoin related service operating in the country would need to follow the laws of that country.. so I am not sure why people are getting into such a huff about whether it is a good idea for Bukele to agree to Binance coming into the country and receiving certain kinds of licenses to operate there, which may well include trading shitcoins... El Salvador might not be into shitcoins (which it seems that it is not), but on the face of it, the mere fact that Binance allows for shitcoin trading seems like a pretty big "so what?" to me..

EL Salvador: Coffee Bean to Blockchain



Bitcoin and blockchain will bring an important revolution in the field of agriculture in El Salvador because the Ministry of Agriculture and Livestock in El Salvador has approved an agreement with the world famous company "Making Coffee" that they will buy coffee beans from El Salvador. A good business relationship will develop. It is only for the Ministry of Agriculture and Animal Resources Not only will good relations develop between them, but Bitcoin and blockchain technology will be greatly developed in El Salvador. They have already completed 30,000 pounds of coffee bean transactions and they will complete coffee bean transactions throughout the year estimating that they will be able to deliver four million dollars worth of coffee beans throughout the year. Buyers must be able to use Bitcoin wallets to deliver coffee beans. Bitcoin wallet As will use Chivo Wallet. Indeed, El Salvador's breakthrough in agriculture deserves a lot of praise and the fact that they are prioritizing Bitcoin for the overall development of their country is incredible.