Bitcoin Beach project in El Salvador

[nightrider]

After El Salvador officially accepted  Bitcoin  as legal currency, all the attention was focused on the Pacific coastal fishing village in this country. about 500 families here use  Bitcoin  to buy groceries and pay electricity and water bills - which is also what the government wants the whole country to aim for.

[CaVO32]

After El Salvador officially accepted  Bitcoin  as legal currency, all the attention was focused on the Pacific coastal fishing village in this country. about 500 families here use  Bitcoin  to buy groceries and pay electricity and water bills - which is also what the government wants the whole country to aim for.

This is very nice to promote it as a bitcoin tourism spot. This will be their selling feature to tourists. But hopefully, they will accept other alts also like maybe XRP, as they have cheaper fees. Bitcoin as we know, has relatively expensive fee especially if the network is congested. So this may be one of the hindrances why some people won't use bitcoin, the fees involved and the duration of confirmation in the network. 

[casperBGD]

~snip

The elderly are keen on something safe and stable. Bitcoin definitely is not what they are looking for. We can not change them and don't have to change them to increase the Bitcoin adoption.

agree, it is hard to expect old people to embrace the change, and young people should be the main target group for Bitcoin mass adoption
it takes years for sure, but each and every change needs time for people to embrace it, and next decade is here for the change, it cannot happen in a year or two, nevertheless, this is the right way, village by village, country by country

[masterrex]

As a crypto enthusiast/supporter I am happy to see this development that taking place elsewhere because it can drive cryptocurrency adoption slowly but surely, that's why I'm hoping that it will continue to prosper globally not just in El Salvador but in many countries as possible. Imagine a tourist spot or a beach that accepting Bitcoin and all other cryptocurrencies for me that was a huge achievement already. 

[Ararbermas]

After El Salvador officially accepted  Bitcoin  as legal currency, all the attention was focused on the Pacific coastal fishing village in this country. about 500 families here use  Bitcoin  to buy groceries and pay electricity and water bills - which is also what the government wants the whole country to aim for.

Wow that's a great news and idea from El Salvador to spread bitcoin all over in his country or should i say the way how he promote bitcoin is a brilliant idea to be honest .because you know for sure it will make an impact in the space, especially if they're always have visitors that will use bitcoin for paying bills and etc.. In fact they have tourist spot so if they featured bitcoin as a payment method there's a high possibility that they can convince those visitors to use the same way when it comes making transactions in his country..

[jinneas]

El Salvador was the first country to make BTC a legal tender, setting a perfect example for other countries to emulate and adopt encryption technology. Bitcoin Beach has established a framework for implementation adoption.

[hd49728]

agree, it is hard to expect old people to embrace the change, and young people should be the main target group for Bitcoin mass adoption
it takes years for sure, but each and every change needs time for people to embrace it, and next decade is here for the change, it cannot happen in a year or two, nevertheless, this is the right way, village by village, country by country

The elderly will be replaced by younger people and this change will be good for crypto adoption on massive scale. 10 years later, the total percent of global population that accept cryptocurrency will be bigger than now. Children who are around 10 years old will be a new stream into cryptocurrency market next 10 or 15 years.

Next decade, yes, I agree with you. Furthermore, next 12 or 16 years, Bitcoin block reward will be very low with 3 to 4 more halvings.