Adorable ignorance and lack of empathy
You used El Salvador to try to legitimize BTC. As a tiny economic "power" (literally 7-11 sized), with a functionally broken government, it counts for somewhere approximating zero in legitimizing the farce that is BTC. The only people who think it is notable are BTC hypesters.
https://apnews.com/article/caribbean-el-salvador-bitcoin-lif...
The smallness of the country doesn’t mean this isn’t significant. They have problems, and through an experiment found solutions to those problems and are scaling them up
Bitcoin has shockingly little to do with El Salvador. It is a lightning network being pitched (which could be funded by USD, gold, eggs, turtles...whatever), trying to pump BTC in the process.
So save with the feel good El Salvador story.
Well that’s where I disagree with you.
What happened with those apps in Africa? And why is Nigeria increasingly looking to BTC? Could also be corrupt central banks, which I admit is less an issue in El Salvador.
Bitcoin is also censorship resistant, Nigeria tried to ban BTC but P2P usage went up after the “ban”.
And to be clear: I don’t think BTC is necessarily THE BEST conceivable solution out there - a USD backed coin probably is better for ES in the next few years.
But I also do think BTC is better than status quo for ES