Taiwan🇹🇼 Initiates Legislation That Could Pave the Way for Recognizing Bitcoin as an Official Currency.
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Taiwan🇹🇼 Initiates Legislation That Could Pave the Way for Recognizing Bitcoin as an Official Currency.
"Breaking" is rarely accurate when describing news. Always hype. Breaking, as in Bad, I liked. I will apologize if wrong.
meaningless breaking
Bitcoin is adopted by individuals not by govs...
So when the government of El Salvador did that, it wasn't a good thing?
nope
And should be a lesson for all
What's the lesson from your perspective?
Never impose Bitcoin to be used by population as money. Teach them instead.
As much as we want to believe that El Salvador was a success, it isn't. Bitcoin is still used only by nerds there, not by normal local population.
Yes, will take time until the new generations of young people will come prepared, but that is a long run.
El Salvador was a testing ground for Bitcoin, as Nigeria was another testing ground for CBDC.
Bitcoin MUST be adopted from grass roots, not from the top-down. Bitcoin is for individuals to became sovereign. It is totally useless for governments.
Did you see the El Salvador government paying its employees in BTC?
Did you see any company that pays salvadorans in BTC?
I do not see anybody demanding to be paid in BTC in El Salvador. That will be the first thing I would do if Bitcoin is declared "legal tender". I would just say: pay me in bitcoin.
Yep, makes sense.
Source?
What are we breaking?
This is major and goes to show the stride of acceptance Bitcoin will bring to countries