3 sats \ 2 replies \ @CypherPoet 1 Oct

And this is where it's important to remember that this man is still a dictator and propaganda is still his main style of communication.

Recommend proceeding on El Salvador and its "stats" with cautious optimism 🙂.

reply
1 sats \ 0 replies \ @nout 1 Oct

Agreed. Proceed cautiously. Hopefully more people will move their sats out of Chivo and become sovereign.

reply
0 sats \ 0 replies \ @NEEDcreations OP 1 Oct

Yes, Bitcoin is a grassroots movement. It's interesting to see how the situation will pan out in El Salvador as Bitcoin comes from the top down.

reply
1 sats \ 2 replies \ @abetusk 1 Oct

Nayib Bukele (@nayibbukele) is the current president of El Salvador (and self proclaimed "coolest dictator in the world"?).

The population of El Salvador around 6.83 million people.

At 180 new users every minute that's 180*60*24 = 259200 users per day. @naybibukele claims there are already 2.73 million El Salvadorian people using Bitcoin. If those statistics is to be believed and it keeps that growth, it will take about (6.83-2.73)*10^6 / (259200) = 15.8179... days to be used by everyone in the country.

reply
2 sats \ 1 replies \ @nout 1 Oct

The number of users are likely including the 2.3M Salvadoran Americans living in the US.

reply
1 sats \ 0 replies \ @abetusk 1 Oct

Of course! They're talking about chivowallet in particular.

Guess it's pretty hard to say, but assuming only El Salvadorans are using @chivowallet, in the US and El Salvador, that changes the calculation to (6.83+2.3-2.73)*10^6 / (259200) = 24.691... days.

reply