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Back in 2021, El Salvador was the first country in the world to make Bitcoin legal tender.
In fact Bitcoin CANNOT be "legal tender". (here is a short explanation) Read more what really is legal tender and what really says that El Salvador paper about Bitcoin.
Bitcoin adoption is made by individuals not by countries. Bitcoin is for individuals, not for countries or governments.
All this "cooperation" between Argentina and El Salvador is a total bullshit.
Iā€™m gonna take your word for it.
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What countries (people in government) can do to spur Bitcoin adoption among it's population would be to provide legal clarity and investment with several policies:
  • Guarantee legal rights for transacting with Bitcoin and for sovereign ownership of Bitcoin keys.
  • Provide clear guidelines for businesses and government to accept Bitcoin as a method of payment, for exchanges to operate and financial institutions to work with Bitcoin.
  • Provide tax incentives to utilities and investors to implement Bitcoin mining to secure the grid and to explore previously unprofitable energy resources leveraging mining infrastructure.
  • Invest in startup incubators, provide grants, and create subsidies to develop Bitcoin technologies: layer 2s (e.g. Lightning), FOSS non-custodial wallets, apps, blockchain expertise.
  • Provide tax incentives for transacting with Bitcoin under certain circumstances.
  • Public awareness and education: Teach children the importance of sound money and the technology of Bitcoin.
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LOL can you explain the term "legal rights" ? WTF is that?
wow statism is at high levels nowadays...
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There are other forms of "legal rights": Constitutional Rights, Civil Rights, Property Rights, Contractual Rights, Human Rights. These are enforceable by the law of the land.
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No. Anything preceeding to the word right is not a right. Is a privilege.
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Slavery is a privilege for the slave-owner. But it is not a privilege for the slave. Should a freed slave consider freedom a "privilege" or a "right"? I'll wait...
Here is an example of a legal right: An employer in America cannot fire you because of the color of your skin or your religion or your gender. People have "legal rights" and other protections.
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No, that is not a "right". It's a privilege, a contract rule.
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