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I’m surprised another nation has not followed El Salvador’s lead. It is inevitable. You had best be sitting down if it turns out to be a country like Brazil.

I’m surprised another nation has not followed El Salvador’s lead. It is inevitable. You had best be sitting down if it turns out to be a country like Brazil.



View Reddit by Jethroe1View Source

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9 Comments

  1. I have absolutely no idea why you would ever think Brazil will adopt BTC as a currency, I doubt it will at least not in the near future.

    The population is majoritary traditionalist, the government is super corrupt and loves to print money and the president is a fool with no interest in any tech development that favors church over science in absolutely every debate.

    People in this sub don’t know how bad it is and consistenly talks about some fake news of Brazil studying bitcoin adoption: it is not, **its fake news.**

    Brazil bank can and will, in time, invest resources into making a crypto-like digital currency but there is just no way the Brazilian country will adopt BTC as a currency.

  2. Patience. To be honest I thought the El Salvador adoption was a bit ham-fisted (only starting with 400 bitcoin for a population of 6million, to waiting until the day of adoption to actually acquire the Bitcoin). It’s good things got through okay in the end but I don’t mind if countries want to tread carefully, or even observe El Salvador further, before diving in.

  3. I think there are, they just canā€™t do it as fast.

    Brazil, Ukraine, and I think Zimbabwe? have been in the news for setting up legislation for it. El Salvador really just aped in

What do you think?

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