It feels like an eternity since then.

Yes, it is true that there is a positive aspect... but let's not forget that Bukele is a millionaire, and mind you, it's not that I question it, not at all., but we have to look at the facts as they are, this "philanthropy" has as its very fact the intrinsic process that Bukele seeks to promote a pro-bitcoin idea in Central America, and Honduras is a "candidate" to join that group with El Salvador.

Honduras' GDP, better than El Salvador's, has in fact been growing constantly since the second decade, you can see it in detail in the source below (it's Spanish, sorry).

El Salvador's GDP is number 104 among the 196 in the world, that tells you why the money comes out of Bukele's pocket and not the president's, this type of "donations" between countries exist through different agreements, but El Salvador's economy is so poor that this type of situation comes out of the pocket (peculium) of the individual who serves as president.

I repeat, we must look at the brilliance in politics with the lenses of "why", I do not doubt that the intentions are exceptional, but this is nothing other than "political lobbying in the region".

When Bukele, I say, in the future, no longer being president makes these donations, then... it is in my opinion true philanthropy of the individual to a cause, in this case for bitcoin.

And everything I have said seems to have a tone of criticism, but nothing to do with it, on the contrary, despite this "rigged" re-election I still believe in Bukele, but we must look at the political approach.

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^{PIB El Salvador:https://datosmacro.expansion.com/pib/el-salvador
El Salvador vs. Honduras;https://datosmacro.expansion.com/paises/comparar/el-salvador/honduras}

Using the word "crypto" is unacceptable in this case and the amount you stated is incorrect. The government of El Salvador ordered the transfer of $30 to the wallet of any citizen who downloads the Chivo wallet. Using the word crypto makes it look like they received a shitcoin from the government. There is a clear difference between Bitcoin and altcoins, next time you need to name the specific coins. 

Problems are part of success. I am very happy with El Salvador's bold move, they dare to take risks in all development limitations. Even they are currently considered successful because of the accumulation of BTC purchases. I think they continue to try to fix the problems that have been obtained for the time being. But today I read the news that one of the programs they created failed. This program is Bitcoin Visa. The news I read until now is that no Visa has been issued from the Bitcoin adoption program. The original plan of this program aimed to attract 1,000 investors to settle in El Salvador, to raise $1 billion.

Source: https://news.bitcoin.com

On a side note - BTC is the escaper for those countries who cannot compete with those who don't see as many possibilities regarding BTC or crypto in general.
They will have an edge for a little time before the big fellas will come up and grab the sweetest parts of the pie when the time comes.

Thanks for the correction, your link is correct. talking about Bitcoin Visa, common sense is quite heavy. The target of 1000 people is indeed big, while the attractiveness of El Salvador is not entirely good. There is no word yet on how the accumulated BTC purchase profits are up to the current price. I think they have profited a lot. Another news is that Bukele's vision is not working with the support of his community. Bukele has published a law but most restaurants, shops and hotels don't even accept Bitcoin payments. They show confusion about if anyone will make payments with Bitcoin.

Source: https://reason.com/2024/10/31/a-week-of-failing-to-pay-with-bitcoin-in-el-salvador/

In my opinion, this is a serious problem for the development of bitcoin adoption in El Salvador. Because of course the adoption of bitcoin will not run smoothly in El Salvador if for example its citizens don't jump in and use bitcoin in real life. So, in my personal opinion, Bukele should continue to instill deeper trust in Bitcoin among his citizens. Because if it's not like that, in the end legal bitcoin in El Salvador will only become law and bitcoin will not be widely used by its citizens (the majority). However, it cannot be denied that changing direction regarding the use of currency is certainly not an easy thing. Moreover, in El Salvador, not only bitcoin can be used for transactions, but there are also dollars, which of course is the currency that many El Salvadorans choose to use for transactions. That's why it's a bit difficult for residents in El Salvador to be invited to use bitcoin as a means of transaction, because there are dollars. But it can't be helped, if for example the Dollar was completely removed from El Salvador, it would definitely cause quite bad things too. Therefore, currently Bukele must continue to make his citizens believe in bitcoin, and must continue to be patient in waiting for his citizens to realize and trust bitcoin. Because it can be ascertained by the lack of people in El Salvador who carry out transactions using bitcoin, people who own shops or hotels in El Salvador will definitely be quite hesitant to accept transactions using bitcoin. But even so, I personally believe that for example Bukele can continue to be consistent with his current vision (adopting bitcoin successfully in El Salvador). I am sure that sooner or later his vision will be achieved.

I am not going to claim to know all the things that Bukele should do because I think that there is already a lot of progress in terms of creating an environment in which no one is going to get punished for using bitcoin, allowing for tax friendly treatment in regards to not placing any extra accounting burdens on bitcoin transactions (regarding capital gains, etc), facilitating various kinds of bitcoin-related teaching programs around the country.

Citizens are likely going to figure out the various advantages in regards to transacting in bitcoin and attempting to figure out ways to hold some of their value in bitcoin, even though surely there are going to be people who may well not be in a position to maintain investments in bitcoin and/or savings, since they are ONLY transacting, and there may well be easier and more practical ways of transacting for some of those folks who are not saving any of their income into bitcoin or saving in any kind of meaningful way... besides maybe having some cash float that they may well prefer to keep in dollars rather than keeping such cash float in bitcoin.. which is more than reasonable for people who do not have high enough incomes to be able to save for 4-10 years or longer.


Are you just making shit up?  What do you think that El Salvador is trying to do with bitcoin, except that they made it legal tender and they are trying to promote it.  Other things that they are doing are just building infrastructure around bitcoin, so who gives any shits about what they do or don't do in those various ventures that may or may not be successful. Also, when El Salvador created Chivo and other bitcoin-related projects, that is not about bitcoin, but instead it is about El Salvador trying to build systems on bitcoin, including that failures and mistakes can happen when entities, individuals and/or governments try to build various systems on bitcoin or any other things that they might try to build.


Yes.. Fees on bitcoin vary.. but so what?  Are you concerned that you cannot buy a coffee on bitcoin? or what?  How about using lightning network or some second layer to buy your coffee if that is what you want to do.  Not being able to buy a coffee 24/7/365 does not even come close to suggesting that bitcoin is failing or that"insane" things are happening in regards to bitcoin onchain fee/transaction dynamics.


Oh?  You are here to pump some shitcoin?  First you suggest that bitcoin does not work or there is something defective in bitcoin, and that your shitcoin is going to fix what is supposedly broken in bitcoin and/or broken in El Salvador.


Then they would have had been retarded.  Good thing that they don't have you as their advisor.  We should almost be reporting your post for promoting your shitcoin in this bitcoin-related thread.

Do you realize that El Salvaldor made bitcoin legal tender, and they did not fuck around with making assertion in regards to the various (around 20,000 or more) shitcoins that were available in 2021 or even more shitcoins that are available now, yet shitcoins are even taking a BIGGER and BIGGER beating in the past few years, deservedly so.


Hopefully El Salvador (perhaps Bukele himself?) will read this post and invite you to come down to El Salvador to help to set them on "a more correct" path.. since of course, your shitcoin is better than bitcoin.

It's not easy to take you seriously if you seem to be suffering from reading comprehension and abilities to actually understand what is being said..

Oh wait?  You are not even trying to understand because you are too busy pushing your own disinformation campaign.

The idea on a practical level is that El Salvador's making bitcoin legal tender has signaled that the El Salvador government is not hostile to bitcoin and it is open to bitcoin innovations.


For all practical purposes, prior to 2021, El Salvador ONLY transacted in dollars, so bitcoin gave another transaction option, yet of course, there would also be needs for merchants to have bitcoin acceptance as an option, so helping merchants to be able to accept bitcoin would be one of the matters that the El Salvador government had been trying to promote, which truly if few merchant's are accepting bitcoin then the citizens still would ONLY have the dollar as their transaction options.

Transactions using bitcoin do not ONLY happen onchain, and you are not even fairly representing onchain fees if you are suggesting that $40 fees are representative, even though there have been recent periods that onchain fees have gotten that high.

I am not going to claim to know the breakdown of how transactions have been taken place in El Salvador over the past 3-ish years, even though surely there have been criticizms that El Salvador transactions were taking place through custodians and/or over lightning network, which truly would NOT have had those levels of transaction fees, even through there are other problems that come from relying upon custodians for transactions, including claims that they are not really bitcoin transactions.


I am not referring to pumping shitcoins, like yours.


Yes.  That's correct.


You seem to not understand bitcoin very well if you think that various shitcoins compete with it or reasonably compare with it.. or if you consider that bitcoin is merely a means to employ small (coffee-level) transactions.  But hey whatever, you can believe what you like. Hopefully, since you are claiming to be so technologically literate, then you could spend some time studying and trying to understand a wee bit more better, and perhaps I could give you a suggestion that the value of bitcoin does not just come from its technology, even though surely the moneyness of bitcoin does remain important and there are several ways in which bitcoin achieved its moneyness through the use of technology.. .including if you are able to recognize how bitcoin achieves its soundness and other aspects of money like verifiabiity, scarcity, transportability, divisibleness, abilities to transact without having to use a third party and other aspects.

Maybe if Bukele (or his team) does not directly reach out to you, then you could figure out some way to contact him (or his team) directly so that you can get him to adopt your shitcoin... if that might be part of what you are wanting to achieve in regards to the means of payment considerations or the extent to which your shitcoin might be pegged to bitcoin as a second layer, except I just took a quick look at your crappy coin and the fact that it has it's own token is not going to help it to seem as if it is not a scam.. so you might have to figure out how to fix that part of your shitcoin so that you might be able to gain some credibility in regards to your coin being sufficiently credible, like bitcoin or trying to build upon bitcoin rather than pumping your own bags... of which illogically you are proclaiming that El Salvador is doing the thing that you are doing, so you need to think about bitcoin with a bit more clarity in terms of bitcoin is more of a neutral coin that does not have a central party manipulating it or premining it, so anyone pumping or promoting bitcoin cannot be guilty of pump and dump because they have no control over bitcoin, even if there are some BIG players currently trying to accumulate a lot of bitcoin's supply, but their accumulation of BTC's supply does not give them greater control over it, even if you would like to insinuate bitcoin in such a direction..as seems to be the case with the coin that you are promoting.

I'll ignore the rest of your post because you seem to be very agitated here, and have resorted to spitting out almost nothing but personal attacks--and I'm sure nobody here wants a flame war to fill up their screens.

But I think you've made your stance clear, so we'll agree to disagree.