In El Salvador, yes. Also possibly in Dubai, Turkey Lugano Switzerland, Gibraltar and South Korea I paid my TradingView Pro+ Annual subscription with 0.1286566 btc. Gold was not a payment option Gold and Silver have been used a medium of exchange for thousands of years, do you know of places where they are still being used? Does it mean Gold and Silver are worthless or useless? When Satoshi flipped the switch on Bitcoin, the whole world was in a furious pace to debase every single fiat currency. Look up the message that is contained on the Genesis Block and deduce from that Satoshi's purpose for Bitcoin When Bitcoin started, it was worth $0.They were giving bitcoins away, you just visit the website faucet and get 5 bitcoins or you could mine 50 bitcoins within 24 hours if you have a decent laptop or desktop Laszlo mined 10,000 bitcoins and he used it to purchase 2 pizzas He thought there was a chance bitcoin will be very valuable in the future “It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.” — Satoshi Nakamoto https://bitcoin.org/bitcoin.pdf
I don't understand the level of fear or laziness that ET nocoiners outside of the US possess Spain, Canada, Australia, UK, Turkey, Lebanon, New Zealand and others For several years stablecoins such as Tether, USDC, PAX, GUSD have given these people the ability to effectively open a US $ bank account Opening this US $ bank account did not require permissions from any of their overlords and is available 24/7/365 and they have full and total control even if they disagreed with the government policies At the very least they could have acquired a few hundred $ worth to test it out and understand more and as they gain courage, they could put in more But no, they choose to stay obedient to their current situation...
The white paper (admittedly I have not read) isn’t about bitcoin becoming a global currency. That’s the definitive purpose of bitcoin. Not your opinion of what it should be. I’m a nocoiner despite talking to some very serious and respected people in the space. I still haven’t gotten a straight answer for some basic questions.
But El Salvador ain't no developed country. I specifically asked whether it was used in the developed countries (as you can see below).
Just as I wrote above, El Salvador (and some others) that you mention aren't considered developed countries. Also gold and silver have track records. While they can't be used in place of money, you do see it on the fingers of just about everyone on this planet. Can you say the same for Bitcoin? Nah. That's how Bitcoin should be used, for something tangible like pizza. But instead, it's become a hub for speculation. Valuable as in $70,000 per BTC (even though it came down a lot since)? Sorry, that won't fly.
Bitcoin is decentralized which literally means no one can dictate the rules of what it should or should not be. Not even Satoshi himself You think Satoshi was happy when Bitcoin became the currency of the dark net? Or how about when Satoshi got angry when bitcoins were used to donate to Julian Assange, but Satoshi could not stop it and disappeared shortly thereafter To me, Bitcoin has been a very profitable speculative investment asset and during bear markets, I put it aside in the same way a gold bug stores his precious metals in safes Perhaps Bitcoin will never be global currency, but could it become a global reserve asset that Sovereign wealth fund might start allocating to? or Central Banks, i.e. El Salvador? Of course not, says majority of ET... ------------ You lack incentives to go deep into the rabbit hole In the same way that 2-3 years ago, a wealthy resident ($2M+ net worth) of one of the most highly advanced cities in the world, vibrant, exciting, very expensive real estate called Shanghai Let's imagine that some of them were able to allocate 10% or more of their wealth into Bitcoin and able to get out with their family... They would describe Bitcoin's purpose differently than mine I imagine that residents of Hong Kong and Taiwan have a lot more incentives than you in trying to understand Bitcoin...
You should put the conversation into context that bitcoin was less than $1 each when Satoshi posted that And in the case of the Bitcoin Whitepaper incentives reference, bitcoin was $0, literally a vaporware when the WP was published
Oh sorry misread there. Thought you wrote "developing country". That's why I wrote before that crypto will never be used as legal tender by governments that have and want control over their economy. I am just perplexed that Saudi Arabia is contemplating the usage of bitcoin as well so they don't have control over their economy either?