It is a small region, but every new usage opportunity is a positive.   I see you updated with the Honduras stuff, and that is good too. 

It is good to see it in various countries because then you can have competition for freedom within countries, not just between countries.

That does seem slightly impressive and I, as a Bitcoiner am always proud and happy to see Bitcoin being adopted more and more. However 250k people is not all that impressive. I do hope bigger countries start jumping on the Bitcoin bandwagon soon. Its obvious that Bitcoin will get adopted and turned into the world currency at some point. I just want that to happen sooner than later.

Small steps to world domination I guess

Every journey starts with small steps, so these announcements should be seen in that context, although Bukele announced a few months ago that two more countries will do the same as El Salvador - in fact, these are two islands that would be hard to find on a map without google. I hope this is not the only good news that will come from Miami

 

These are autonomous regions so their decision doesn't stand in the eyes of law of the governing country. For example, Madeira is a part of Portugal, so the laws of Portugal applies on that region. So if Portugal makes bitcoin illegal, it will apply to Madeira as well.

But one positive is that, these regions are mostly visited by travelers of different nationalities. So such kind of adoption will make people intrigued about bitcoin and its usage. Might create some good amount of awareness if not volume.

I love it when warm countries adopt Bitcoin. Gives me an opportunity to choose when I finally decide to leave cold Europe for a better, friendlier climate.
I'm pretty sure other countries are watching it closely and gathering teams of analysts to tell them if it's a good idea. Big, prosperous countries will be scared of doing something like that but poor countries don't have much to lose, they might as well dip their toes.

I was thinking on celebrating when we hit 100k for BTC, so maybe I'll just do a tour around all the countries where Bitcoin is a legal tender? What do you think? 

Small steps could bring forth big problems and vice versa for success. The vice versa of the El-Salvador adoption is what we are seeing today with other nations looking towards the bitcoin adoption. This shows that, the lab rat experiment for which the rest of the world has turned El-Salvador into and have been observing them over, is producing good results that is resulting in more and more adoptions.
When these adoptions happens, surrounding nations and nations in same genre as the adopting nation would be puzzled and tend to evaluate reasons as to why and eventually, come up with same idea. The population is some worth low and that doesn't mean all are going to be arms open to the new development but, its good enough for BTC and cryptocurrency at large. It's a good one!

In the case of Madeira, which is part of Portugal and is in the Eurozone its very surprising
to hear that they seem to be acting independently of both Portugal and the European central bank.

I can understand El Salvador adopting Bitcoin as an alternative to the US $ and to reduce
remittance fees for example but what I wonder does Madeira have to gain from this?

It will be interesting to see how this one progresses.

Not every small country is easy to adopt BTC. It purely depends on the perception of the government related to Bitcoin. But this news should bring a good impact, whether small country or big country, people will see it as great progress in Bitcoin adoption. People around the world will be more optimistic to buy and hold Bitcoin because they know more countries or areas or locations to adopt Bitcoin as a legal tender.

Is Prospera even an island?
Wiki says it's a special economic zone on one of the islands in Honduras, a city of some 10k on paper.

But I think Madeira is a bit different, yes it's small, it is poor by EU standards but still 5x times wealthier per capita than Salvador, it's a pretty well-known destination for a lot of tourists and it got twice as many tourists as Salvador, probably a far better influence.
Plus it's still EU territory, it has a representative in the EU discussions as well as two MEPs, it is inside the VAT area and the Schengen, pretty good.  

At least we have something finally!


Not really that simple, as far as I've seen from their Consitution they have complete autonomy on administration as well as taxes and quite some interesting legislative powers till they hit the limit of national unity. Portugal is not that anti-crypto at all, they use the Euro so there is no pressure in that direction either that would have come if they would have used a national currency, so I doubt they will say much.

That free zone might be a thorn, I see there are some decisions about breaking EU state aid rules, but that's a different thing, not concerning BTC

You're right, it's not even an island, but according to Wiki it's a private city and a special economic zone on the island of Roatán.



Finally, we in the EU will have the opportunity to go on holiday and pay for everything with Bitcoin, and not only is it relatively close to us, but it is (hopefully) much better in terms of lower crime rates and security in general. I can already see some BTT members gathering on the island, and some may move permanently if conditions are favorable