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Author Topic: Most countries in the ’10 most likely’ to adopt bitcoin are in the developing wo  (Read 1907 times)
alyssa85 (OP)
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May 14, 2016, 01:30:24 PM
 #41

Guys! This article and that list of countries is more than 2 years old. Everything has changed since then. The same team ought to make a new list.

The article is dated 12 May 2016 - the date is even in the URL!!

As for people being astonished at the list - they are looking at RISK FACTORS.

Countries which are stable have no incentive to switch to exotic currencies. The vast majority of people in the USA continue to use dollars, bitcoin users are less than 1%.

It is much more widespread in Argentina because there is runaway inflation in Argentina.

Why on earth would someone in Switzerland switch to bitcoin when the Swiss Franc is solid as a rock and Swiss democracy is equally solid, being 500 years old?

You would only switch if a) you have an unstable govt/dictatorship b) there is inflation in your economy and bitcoin is the only way to prevent your money becoming worthless or c) you have a large black market in your country and you want to use a currency that can't be traced to you easily.

 
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Chris!
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May 14, 2016, 01:51:14 PM
 #42

I don't get the general idea behind 'adopt' and 'country'. Is this supposed to be about general adoption within said countries or about the government of said countries adopting Bitcoin? I don't usually agree with these kinds of articles as they're content keeps changing and reflecting on other 'reasons' but they usually end up being wrong.

It would more sense if you went by demographics or certain cities in certain countries etc. Where I live, no on has a clue as to what Bitcoins and they hear on the news and see on TV shows that criminals use it but don't understand anything about it.

If, let's say you said "males age 18-45 in middle class with access to the internet are most likely to adopt then that would be pretty accurate. Just my thoughts.
Yipdard
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May 14, 2016, 02:01:55 PM
 #43

Bitcoin can be in all countries.
Yakamoto
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May 14, 2016, 02:14:34 PM
 #44

Bitcoin can be in all countries.
Of course it can be used in all countries, but the main difference that this article emphasizes is that more of the developing countries are using Bitcoin, and we are seeing the most growth in countries such as India or others.

Everyone can use Bitcoin, and no-one is going to stop you from using it. This is merely a list showing the geographical locations where Bitcoin has the most growth, people-wise.
yenxz
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May 14, 2016, 02:26:55 PM
 #45

Quote
Table 5: BMPI Top 10 Countries
Ranking   Country Name
1   Argentina
2   Venezuela
3   Zimbabwe
4   India
5   Nigeria
6   Brazil
7   United States
8   Nicaragua
9   Russian Federation
10   Iceland
i will trust this,yes it will good decision to introduce and spread bitcoin to that countries,venezuela and zimbabwe has economic crisis,its a good chance for bitcoin to get into their economy,and i wish its will work and make their economy stable.
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