Dumbass, try to put some news that proves your title, this is a clickbait thread because there is no evidence supporting your claim of Paraguay adopting bitcoin next month and the domino effect you are talking about is a bullshit.

The world needs this. After El Salvador passed a bill declaring Bitcoin as a legal tender, the global monetary agencies are not happy and are finding negative implications in it rather than advantages. These financial bodies should get a little pressure to at least make them reconsider their insistence on  traditional views. If countries adopt Bitcoin one after another, they might get the message and begin opening up to emerging innovations in financial technology.

Moreover, South America has seen uncontrollable inflation; they have seen the effects of soaring inflation rates. Perhaps by adopting Bitcoin as a legal tender alongside their official fiat currency, their citizens are given the option to somehow counter the fast devaluing of money and the rising of prices of goods and services.


Why the harsh words?

Read.

1. https://cryptobriefing.com/paraguay-official-plans-to-legislate-bitcoin-next-month/
2. https://www.coindesk.com/paraguay-may-be-next-to-seek-crypto-businesses-with-july-bill
3. https://www.businessinsider.in/cryptocurrency/news/paraguay-could-become-the-second-country-to-adopt-bitcoin/articleshow/83363776.cms
4. https://finance.yahoo.com/news/paraguay-may-next-court-crypto-220939690.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAGQepHq7IBn99_HX42rynPHx1-Qnbv9z1Iwo0pkH64YWj6J5wbplGhdWJKt-30xkDFyW3C91ubgjyMckDL7153O0aUAmwJ-_Op_PIm9KuU_2KapnmHrLmhKEbw3tR5cDj7oDgzuAo4-j_zdr4etStR806ERFNzOThl9IgghZ0Ybx

Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin.

Bitcoin has exhausted its exotic catalysts and is under coordinated regulatory attack by governments around the world. At this point, I don't think there is anything that can save it from collapsing more.

I think that we are probably going to see more of it because these kind of thing is going to be causing their neighboring countries to follow them if they find that Paraguay seems to benefit from it big time.

If you will see your post, its obvious that only a restaurant or just a normal business are accepting Bitcoin. In every country right now or at least most of them, there are some establishments that are accepting Bitcoin and other cryptos and this is no difference to them.

In general, most of the countries are accepting Bitcoin since they aren't doing anything to it or at least to regulate it. Ask the domino effect again if Paraguay government tries to do what El Salvador did. Well, I believe that this will create a domino effect towards some countries though but not in Paraguay as of this moment.

don't say that if in the end your own words can't prove a solid reference to make an argument. one of them:


back on topic, whether it's true or not for me Paraguay in the future will prove it, we just need time. even other countries that we didn't expect before, have made plans to adopt Bitcoin. Isn't El Salvador a hot topic of conversation after announcing the adoption of Bitcoin as a legal payment? Previously no one paid attention to this small country.

4 years ago then it means 2017? Well as far as i remembered, that time bitcoin is so popular and in hype too, so i guess that's understandable that there are places that accepted bitcoin as payment. I guess even until now the place will still accept bitcoin. It's such a good thing of course, especially if bitcoin is legalized, then of course more places will adopt bitcoin payment, and it will be more common too in that country. Will make a good impact for bitcoin for sure.

Much of the developing world certainly needs solutions to their monetary problems but the entire financial system globally is rotten at the core. I still don't think Bitcoin "is the answer" but yeah, perhaps, there are some use cases for a state to at least protect some of its wealth, or, alongside other types of consumer tech layers like Lightning, maybe Bitcoin network is a viable way to conduct parts of the economy for the masses that's also inflation resistant (but they will still need to solve volatility via heh stablecoins maybe, probably).

One step at a time, though, I guess.