RE: POB TALK 07/09/2021 - #101

[tfranzini]

Starting today, Bitcoin is officially legal tender in the country of El Salvador and some people are calling it #BitcoinDay

https://www.reuters.com/business/finance/el-salvador-leads-world-into-cryptocurrency-bitcoin-legal-tender-2021-09-07/

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Comments

[rapha-el7]

Wow! That's really nice...

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[alyssasanders]

I wonder if this will make a difference to the Bitcoin price - I hope so!

[teatree]

Does anyone know what El Salvadoreans think about this? Are they excited or are they just Meh?

[tfranzini]

They are actually very divided at the moment.

Some are very excited about it but others are very against the idea. There were protests against this measure some days ago

[rose98734]

According to this Bloomberg article, some of them are suspicious of it:

https://www.bloomberg.com/news/articles/2021-09-07/bitcoin-faces-biggest-test-as-el-salvador-makes-it-legal-tender

a poll last week by El Salvador’s Universidad Centroamericana Jose Simeon Canas found his Bitcoin law is widely unpopular. Two-thirds of respondents said the law should be repealed while more than 70% said they prefer to use U.S. dollars instead.

But it looks like the government is giving people pre-loaded wallets with $30 worth of bitcoin if they sign up with their national ID. It's free money, I imagine most people with sign up.