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El Salvador took a big leap by making Bitcoin legal money, but it's interesting to see how things are playing out on the ground. Right now, not many shops or businesses are actually taking Bitcoin as payment. To me, the real question is whether people will actually start using it.
I'm honestly a bit surprised that more places haven't started accepting Bitcoin yet. You'd think that with the government backing it, there would be a bigger push. One thing that stands out is that a lot of people still seem unsure or even doubtful about Bitcoin. Maybe they don't fully understand it, or they're worried about its ups and downs.
I think the key thing here is education. People need to learn what Bitcoin is, how it works, and what the pros and cons are. If people don't get educated, they're probably going to stick with what they know.
Ultimately, if El Salvador's Bitcoin experiment is going to work, more people need to embrace using it day-to-day. If not a lot of people or businesses use the new system, it's going to be hard to say the policy was the right choice. It all comes down to whether Bitcoin really becomes used in the country.
I'm honestly a bit surprised that more places haven't started accepting Bitcoin yet. You'd think that with the government backing it, there would be a bigger push. One thing that stands out is that a lot of people still seem unsure or even doubtful about Bitcoin. Maybe they don't fully understand it, or they're worried about its ups and downs.
I think the key thing here is education. People need to learn what Bitcoin is, how it works, and what the pros and cons are. If people don't get educated, they're probably going to stick with what they know.
Ultimately, if El Salvador's Bitcoin experiment is going to work, more people need to embrace using it day-to-day. If not a lot of people or businesses use the new system, it's going to be hard to say the policy was the right choice. It all comes down to whether Bitcoin really becomes used in the country.