Big economy, decent Bitcoin knowledge (compared to asian neighbours), decent personal and economic freedoms (unlike china) but also the most affected by currency debasement and money printing. So I was just wondering if they soon will get hyperbitcoinised ahead of other nations
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Interesting Once Bitten podcast episode with a japanese woman that is doing hard work in onboarding japanese people onto Bitcoin and also translated "The Bitcoin Standard" by Saifeadean.
She explain quite well the situation in Japan in regards of Bitcoin.
https://fountain.fm/episode/kR19PWlsjlv8VkQ9tT3f
Interesting. Japan's money printer is wild if I recall.
When I first used Bitcoin, I remember thinking it felt Japanese. Maybe from the satoshi name though.
Surprisingly, Japan is behind most countries in traditional banking. Cards are not widely accepted. I have low expectations for bitcoin adoption.
Really I had no problems using my card almost everywhere. Didn't need as much cash as I expected. Mostly stayed within Tokyo-Osaka-Kyoto though.
According to this report, Japan ranks 19th in crypto adoption.
The 2025 Chainalysis Global Adoption Index: India and the United States Lead Cryptocurrency Adoption
Haha, it says Russia is #10, including #8 in retail, but it is completely illegal to pay with crypto for goods and services, and literally no one dares to accept it.
Nearly all autocracies have explicitly banned MoE use of Bitcoin.
Am not aware of any that haven't.
A law banning MoE use was and I believe still is effectively in force in Thailand yet in Thailand I found a number of businesses accepting Bitcoin regardless of the ban.
(There has recently been some sandbox exceptions made in tourist hotspots but even there the merchant cannot receive Bitcoin- it is converted before the merchants receive, into fiat/baht.)
But the businesses I found were not working within these sandboxes but instead simply ignoring the law.
Some Thai businesses thus appear to demonstrate more courage (and perhaps ability to pay off local officials) than many western businesses who can technically and legally accept BTC - but cant be bothered.
We in the west take for granted our relative freedoms while those living under autocracies like Russia and Thailand may not be so complacent.
There's gotta be some reason for that Russia ranking, but the part they put out doesn't even explain how that bit of the ranking is figured out.
Bitcoin, not crypto. Many shithole countries with high inflation and unreliable banking system see the USD itself as the safe heaven, hence now they are leaning on Tether (easier than having an offshore account, obviously). That explains most of the crypto adoption in those places, not Bitcoin.
That is why I rely on BTCMap to see the adoption. Not perfect, by any means, but still at least it helps filter out the crypto noise.
Is the MoE use of Bitcoin taxed in Japan just as it is in nearly all countries that 'allow' MoE use?
Japan is after all militarily and monetarily a subservient tribute state to the USA.
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You do not appear to even understand the meaning of MoE, and its significance.
You are thus treating Bitcoin as a speculative commodity and not as a P2P MoE.
You just fell into the sly trap the fiat debt slavery bankers cartel set for you.
Greedy Fool.
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Moron...or Troll?
Probably both.
Either way you have no understanding of how much of a slave you are.
I’m in Japan right now!
I would say perhaps not in the near future. It was a heavily cash-dependent society, and I feel that it is only within these two years that credit cards are increasingly accepted by merchants. I think Bitcoin adoption will likewise take a looooong time
I would say credit card is a bigger competitor to bitcoin than cash when it comes to payment.
Many African communities are leapfrogging to bitcoin from cash, in the absence of a reliable banking system, same way they leapfrogged from physical letters to smartphone without going through landline wired phones.
It should be considering the monetary/fiscal situation.