El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻

[bmsdeef]

Is Salvador still the only country with BTC as a main currency?

[Lucius]

~snip~

To make the absurdity even greater, the police have daily quotas for arresting people because there are still a lot of places in that mega prison, so a lot of innocent people end up behind bars and can spend up to two years there without an indictment. I watched a documentary and saw a lot of sad stories and the resentment of people in that country, which is actually a dictatorial and police state that resembles the worst communist countries in terms of the methods it uses against its people.

Indeed, I read in the media that there is various positive news about El Salvador after they adopted Bitcoin. Many media outlets highlight successes in catching criminals, the use of renewable energy, Bitcoin transactions, increased tourism, and continuously developing infrastructure. I hope it's true; I have never witnessed it firsthand. But major newspapers like Forbes and The Guardian make such news.

It is clear that Bukele is spending a lot of money on the country's external image to attract tourists and investors, but the reality is completely different when you scratch beneath the surface.

Is Salvador still the only country with BTC as a main currency?

Bitcoin has never been the main currency in that country, but only legal tender - the main currency for over 20 years has been the US dollar. The only connection that country has with Bitcoin is some 6000+ coins it has bought so far, of which not a single ordinary citizen has and probably will never benefit.

[JayJuanGee]

Is Salvador still the only country with BTC as a main currency?

Bitcoin and dollars.. dollars are probably still 95% or more of commerce.

There seems to be a lack of hostility towards bitcoin, which surely is a good practice and an area in which El Salvador remains outstanding as compared with other countries.. .since for sure, so many countries would be advantaged by lowering burdens on bitcoin, which surely the category of labelling bitcoin as an officially recognize currency can be a way to allow bitcoin to freely transact and to take away that angle of hostility that seems to exist with bitcoin accross so many countries, outside of El Salvador.

I continue to believe that it is still important that governments (and by extension financial institutions) are not hostile to privacy and security, which surely, there are ongoing issues in terms of bitcoin developers being scared by injustices related to bitcoin developers who work on privacy/security software, using the Samurai developers as an example, which so many folks already consider that they should not be in jail and should not be setting any kind of a standard for the protection and allowance of bitcoin development - and surely it can be difficult to know how a smaller level government (like El Salvador) can do when other larger (BIG bully) governments are engaging in bullying and unjust practices in relation to bitcoin and/or bitcoin development and/or bitcoin-related practices. 

~snip~

To make the absurdity even greater, the police have daily quotas for arresting people because there are still a lot of places in that mega prison, so a lot of innocent people end up behind bars and can spend up to two years there without an indictment. I watched a documentary and saw a lot of sad stories and the resentment of people in that country, which is actually a dictatorial and police state that resembles the worst communist countries in terms of the methods it uses against its people.

Indeed, I read in the media that there is various positive news about El Salvador after they adopted Bitcoin. Many media outlets highlight successes in catching criminals, the use of renewable energy, Bitcoin transactions, increased tourism, and continuously developing infrastructure. I hope it's true; I have never witnessed it firsthand. But major newspapers like Forbes and The Guardian make such news.

It is clear that Bukele is spending a lot of money on the country's external image to attract tourists and investors, but the reality is completely different when you scratch beneath the surface.

Pray tell!!!!

Are you talking about bitcoin-related matters, in terms of trying to create an atmosphere of non-hostility and promotion of bitcoin or other governmental practices, such as due process in terms of the treatment of those who might appear to be gang members?

I am not proclaiming to know the answers, even though I would proclaim that both bitcoin promotion and the creation and allowance of a non-hostile environment in the direction of bitcoin are very important kinds of governmental actions that do not seem to be present in a lot of other jurisdictions, especially at the nation-state level.

Is Salvador still the only country with BTC as a main currency?

Bitcoin has never been the main currency in that country, but only legal tender - the main currency for over 20 years has been the US dollar. The only connection that country has with Bitcoin is some 6000+ coins it has bought so far, of which not a single ordinary citizen has and probably will never benefit.

You seem to have a very narrow view @Lucius in regards to the role of bitcoin in El Salvador.  Sure, one aspect of El Salvador's bitcoin promotion and/or policies relates to its ongoingly buying bitcoin, and they surely emphasize their ongoingly buying bitcoin as one of their ways of promoting themselves as being "pro-bitcoin," yet if you really want to emphasize that their buying bitcoin has no meaningful benefits on the El Salvadorian population, you seem to not really understand the importance of sound money and even the importance of collateral, even if such collateral is not being directly spent.

We do not necessarily need to argue regarding the importance of sound money, reduction of debt, trying to live within our means, emphasizing investment rather than consumption, and perhaps other ways that governments might attempt to be responsible or if they can make up for past irresponsibility or the level of their debt and/or the extent to which they have natural resources or other ways to generate income for the country and for the government.

Of course, if it ends up that the bitcoin holdings were to end up being pilfered or otherwise squandered, then we may well proclaim that El Salvador's citizens had not benefitted from such seeming attempts at sound money practices and/or for the government to be proclaiming themselves to be saving in sound money (perhaps the most sound money that has ever existed in human history, up until this point?). 

[Dunamisx]

Is Salvador still the only country with BTC as a main currency?

Not only El Salvador, we have Central African Republic as well that has adopted bitcoin as their legal tender some years back being the second, both countries still permit for the use of Bitcoin together with their traditional Fiat currency, has the people may have an alternative to what they can engage in their financial transactions, bitcoin has also been adopted in so many countries as a legal currency for making payments and settlement of debts as well as unit of account, but not as legal tender like El Salvador and Central African Republic did.

[JayJuanGee]

Is Salvador still the only country with BTC as a main currency?

Not only El Salvador, we have Central African Republic as well that has adopted bitcoin as their legal tender some years back being the second, both countries still permit for the use of Bitcoin together with their traditional Fiat currency, has the people may have an alternative to what they can engage in their financial transactions, bitcoin has also been adopted in so many countries as a legal currency for making payments and settlement of debts as well as unit of account, but not as legal tender like El Salvador and Central African Republic did.

As I recall the matter from several years ago (was it some time after 2021 when CAR attempted some copy cat variation of what El Salvacor was doing), I doubt that CAR could have had been taken as seriously as El Salvador in terms of their approach to the bitcoin matter..

[tvbcof]

Let's not forget that Bitcoin ceased to be legal tender under pressure from the IMF, and I don't rule out that at some point all the BTC they have will be sold.

That's the question, when they will sell it. But I agree with you, surely at some point they will sell it.
...

Not necessarily.  Reserves are for borrowing against.  As a lender/investor I am keenly interested in the nature of the collateral.  USD backed by the truly massive debt of the United States is not very appealing.  At all!  But backed by what is basically a form of gold with extra features which I can use for purposes of transparency, mathematical guarantees, etc, and we are having a different conversation.

I doubt that El Salvador's(?) BTC will be sold but I would not be very surprised if it was walked off with.  But it's not my country or my business so I have not spent very much effort to learn what protections may be in place against such an eventuality.  The more the Lutnick/Trump/Thiel classes are bumming around the palace, the less confidence I have that the peeps will come out of it very well in the end.

[Dunamisx]

Is Salvador still the only country with BTC as a main currency?

Not only El Salvador, we have Central African Republic as well that has adopted bitcoin as their legal tender some years back being the second, both countries still permit for the use of Bitcoin together with their traditional Fiat currency, has the people may have an alternative to what they can engage in their financial transactions, bitcoin has also been adopted in so many countries as a legal currency for making payments and settlement of debts as well as unit of account, but not as legal tender like El Salvador and Central African Republic did.

As I recall the matter from several years ago (was it some time after 2021 when CAR attempted some copy cat variation of what El Salvacor was doing), I doubt that CAR could have had been taken as seriously as El Salvador in terms of their approach to the bitcoin matter..

Honestly I think you are on the right approach towards the actual condition with Central African Republic, what have deduced over time was that they never made the necessary plan and instrumentation to effect the adoption of Bitcoin as a legal tender, and this missing aspect of it make it very difficult for them to deliver up to expectation or even for the citizens to go in line with their intention for adoption.

We can't deny the fact that they came in after El Salvador adopt bitcoin as a legal tender and the stand to be the second to also call come on board in adopting bitcoin as a legal tender, but there have not been serious improvement ever since then, because it was not successful achievement to Central African Republic as the way we have it in El Salvador, should I say is their government that is bad or the lack the full competency needed, you will hardly hear anything about their progress when it comes to bitcoin and the government is even making the whole thing worse because they are not encouraging for the use of this decentralized digital currency by the people.

[Just Say]

Is Salvador still the only country with BTC as a main currency?

As far as I know, BTC is not only the main currency in that country yet, but it is their legal tender.Also, notice that they are using the US dollar more for daily transactions, salaries and trade, but their main goal is to promote this decentralized currency, that is, to make all kinds of progress with Bitcoin. However, we can say that Bitcoin is the role model for the economic development of this country because through this currency, that is, by involving themselves in cryptocurrency, the remittances of this country are also increasing and it increased by a few percent in 2026. On the other hand, it is seen that they are also gaining economic prosperity by attracting tourism and investors through Bitcoin. So you see, this country has not made BTC its main currency, but it is their official currency.

El Salvador Adopted Bitcoin as an Official Currency; Salvadorans Mostly Shrugged  https://insights.som.yale.edu/insights/el-salvador-adopted-bitcoin-as-an-official-currency-salvadorans-mostly-shrugged

[Lucius]

~snip~
Pray tell!!!!

Are you talking about bitcoin-related matters, in terms of trying to create an atmosphere of non-hostility and promotion of bitcoin or other governmental practices, such as due process in terms of the treatment of those who might appear to be gang members?

I am not proclaiming to know the answers, even though I would proclaim that both bitcoin promotion and the creation and allowance of a non-hostile environment in the direction of bitcoin are very important kinds of governmental actions that do not seem to be present in a lot of other jurisdictions, especially at the nation-state level.

I'm talking about how I find it really sickening to read posts from sig spammers and those who have no idea what's going on in that country, especially in the context of Bitcoin and the general situation in that country when it comes to politics and economics. People are caught in the streets, schools and their homes like dogs and taken to secret locations where they are held without charge for years, many die in prison, the dictator and his people have their own version of democracy.

You seem to have a very narrow view @Lucius in regards to the role of bitcoin in El Salvador.  Sure, one aspect of El Salvador's bitcoin promotion and/or policies relates to its ongoingly buying bitcoin, and they surely emphasize their ongoingly buying bitcoin as one of their ways of promoting themselves as being "pro-bitcoin," yet if you really want to emphasize that their buying bitcoin has no meaningful benefits on the El Salvadorian population, you seem to not really understand the importance of sound money and even the importance of collateral, even if such collateral is not being directly spent.

We do not necessarily need to argue regarding the importance of sound money, reduction of debt, trying to live within our means, emphasizing investment rather than consumption, and perhaps other ways that governments might attempt to be responsible or if they can make up for past irresponsibility or the level of their debt and/or the extent to which they have natural resources or other ways to generate income for the country and for the government.

Of course, if it ends up that the bitcoin holdings were to end up being pilfered or otherwise squandered, then we may well proclaim that El Salvador's citizens had not benefitted from such seeming attempts at sound money practices and/or for the government to be proclaiming themselves to be saving in sound money (perhaps the most sound money that has ever existed in human history, up until this point?). 

Do you really think that Bitcoin in El Salvador has any role other than that individuals (domestic) and foreigners get rich using public funds to buy Bitcoin and come up with schemes around Bitcoin bonds and Bitcoin mining that remain just empty stories? Do you remember the link I posted several times about how Tether bought a country (El Salvador), just because they had more money than the Cardano team, which by the way was supposed to become the cryptocurrency that Bukele would choose as the official one?

At the end of the day, 6000+ BTC with 365 new ones every year cannot help the economy of that country even with the best intentions and the most honest politicians.

As far as I know, BTC is not only the main currency in that country yet, but it is their legal tender.

You see, I was thinking of these sig spammers, this guy doesn't even have a clue that Bitcoin is no longer legal tender in El Salvador, and I honestly doubt he would know how to show the same country on a world map.

[JayJuanGee]

You seem to have a very narrow view @Lucius in regards to the role of bitcoin in El Salvador.  Sure, one aspect of El Salvador's bitcoin promotion and/or policies relates to its ongoingly buying bitcoin, and they surely emphasize their ongoingly buying bitcoin as one of their ways of promoting themselves as being "pro-bitcoin," yet if you really want to emphasize that their buying bitcoin has no meaningful benefits on the El Salvadorian population, you seem to not really understand the importance of sound money and even the importance of collateral, even if such collateral is not being directly spent.

We do not necessarily need to argue regarding the importance of sound money, reduction of debt, trying to live within our means, emphasizing investment rather than consumption, and perhaps other ways that governments might attempt to be responsible or if they can make up for past irresponsibility or the level of their debt and/or the extent to which they have natural resources or other ways to generate income for the country and for the government.

Of course, if it ends up that the bitcoin holdings were to end up being pilfered or otherwise squandered, then we may well proclaim that El Salvador's citizens had not benefitted from such seeming attempts at sound money practices and/or for the government to be proclaiming themselves to be saving in sound money (perhaps the most sound money that has ever existed in human history, up until this point?). 

Do you really think that Bitcoin in El Salvador has any role other than that individuals (domestic) and foreigners get rich using public funds to buy Bitcoin and come up with schemes around Bitcoin bonds and Bitcoin mining that remain just empty stories?

I don't claim to be any kind of an expert on what is happening in El Salvador, and I have not visited the country - to the extent that would help me in terms of informing an opinion about various behind the scenes matters that you seem to want to argue about.

It seems a good idea if non-hostility towards bitcoin exists in any government especially if normal people can transact in bitcoin without having to be burdened with accounting matters, and we do not seem to have too many governments that are taking that approach in regards to at least allowing bitcoin to be treated as a currency.

Do you remember the link I posted several times about how Tether bought a country (El Salvador), just because they had more money than the Cardano team, which by the way was supposed to become the cryptocurrency that Bukele would choose as the official one?

I don't recall the link or know about the Tether versus Cardano spat, even though I understand Cardano to be a shitcoin that had been created and/or promoted by a serial shitcoiner, Charles Hoskins.

Tether had been serving as a stable coin since around 2014 and was initially connected with Bitfinex and late with Binance.. and so yeah, they had some issues in which their treasuries were largely stolen by Panamanian banks in around 2018, which I think coincided  with some of their being prosecuted by NY state, and perhaps Tether became more and more coopted in recent times, including probably becoming drug more into the fold with CZ's prosecution and settlement agreement. 

I probably don't understand the supposed ongoing corruption matters in as much details as you, and hopefully you are not too bitter or distracted by those matters, and I don't have enough information to argue with you about your supposed deep knowledge on the questionably relevant topic.

At the end of the day, 6000+ BTC with 365 new ones every year cannot help the economy of that country even with the best intentions and the most honest politicians.

You seem to be bitcoin bashing for the mere sake of it and perhaps even exaggerating the corruption angle, to the extent that corruption angle might be on topic in this thread.
 

As far as I know, BTC is not only the main currency in that country yet, but it is their legal tender.

You see, I was thinking of these sig spammers, this guy doesn't even have a clue that Bitcoin is no longer legal tender in El Salvador, and I honestly doubt he would know how to show the same country on a world map.

Bitcoin can still be used on the ground, even if their might not be enforcement with the merchants and the government cannot accept it to settle tax matters.  I will admit that I have not been recently updated about some of the particulars.

[tvbcof]

It is worth note, and is hopeful to note, that Bukele and/or his closer advisors put up something in the airport which is pure Bitcoin and no shitcoin.

My guess is that Bukele's justice system probably would hear a case and discharge the debt of a transaction paid in Bitcoin as long as it was mutually agreed between the transaction participants.  In that way it could be argued that Bitcoin is 'legal tender'.  Just not 'legal tender for all debts public and private.'  Of course the same could apply to a truck-load of eggs.

I know of plenty of instances where Bitcoin has been used to settle transactions in the country, but it's a hassle which the locals are not inclined to undergo unless it is worth it.  That is to say, multi-thousand dollar transactions which will occur only if BTC is accepted.  Generally the locals know BTC exists, but it's a confusing hassle from their perspective.  It's actually quite easy to get funds from the Chivo machines, but when these machines fail(?) and simply steal their money, it's nearly impossible to get support.  Any middle-men involved in a transaction are going to extract their pound of flesh, and that includes the Chivo operators (whoever they may be these days.)

The same pound of flesh thing happens in the normal banking system of course, and outrageous delays happen in higher value transactions such as buying a car.  The banks will sit on $50k and I suspect take interest on it for the full three weeks or whatever they are allowed.  But the people are used to it and indoctrinated enough to think it is normal (or even a good thing!)

If/when the peeps realize that using self-custody BTC can reduce $500 worth of bank fees and a 3 week wait down to a $0.11 fee and 20 min wait, El Salvador will be more primed than most to move in that direction assuming the government maintains support for doing so.  But this applies mainly to higher value professional work.  Most people cannot afford a pot to piss in, and transactions where real BTC makes the most sense are in a fairly rarefied category.  L2 BTC and shitcoins might make more sense for a bulk of transactions, but even then probably 1/3 of the peeps don't own a smartphone.

The upshot of the above is that Bukele's government seems to remain supportive of crypto and of real BTC in particular.  Hopefully they are just sitting on their hands until a good opportunity to allow adoption pops up, and I personally believe that such a thing is the best course of action.  We might not have to wait for to much longer for a good opportunity given the goings-on in Iran and what that will mean for systems built around the USD world reserve currency regime.

[Popkon6]

Is Salvador still the only country with BTC as a main currency?

As far as I know, BTC is not only the main currency in that country yet, but it is their legal tender.Also, notice that they are using the US dollar more for daily transactions, salaries and trade, but their main goal is to promote this decentralized currency, that is, to make all kinds of progress with Bitcoin. However, we can say that Bitcoin is the role model for the economic development of this country because through this currency, that is, by involving themselves in cryptocurrency, the remittances of this country are also increasing and it increased by a few percent in 2026. On the other hand, it is seen that they are also gaining economic prosperity by attracting tourism and investors through Bitcoin. So you see, this country has not made BTC its main currency, but it is their official currency.

El Salvador Adopted Bitcoin as an Official Currency; Salvadorans Mostly Shrugged  https://insights.som.yale.edu/insights/el-salvador-adopted-bitcoin-as-an-official-currency-salvadorans-mostly-shrugged

The government of El Salvador, Nayib Bukele, has made Bitcoin eligible for use as the currency of his country, which is the biggest achievement. Bitcoin has been recognized as the national currency by legal tender, but it will take a long time for El Salvador residents to learn to use this Bitcoin. To inform people in remote areas about Bitcoin, he is teaching Bitcoin in various media and various government schools, using all kinds of measures to attract the current and future generations to Bitcoin.
People in the past have been trying hard to learn about Bitcoin transactions, but Nayib Bukele has taken this initiative so that the next generation can become proficient in Bitcoin. So he has created an opportunity for everyone from seven-year-old children to adults to gain knowledge about Bitcoin.

[Gost ms]

Is Salvador still the only country with BTC as a main currency?

As far as I know, BTC is not only the main currency in that country yet, but it is their legal tender.Also, notice that they are using the US dollar more for daily transactions, salaries and trade, but their main goal is to promote this decentralized currency, that is, to make all kinds of progress with Bitcoin. However, we can say that Bitcoin is the role model for the economic development of this country because through this currency, that is, by involving themselves in cryptocurrency, the remittances of this country are also increasing and it increased by a few percent in 2026. On the other hand, it is seen that they are also gaining economic prosperity by attracting tourism and investors through Bitcoin. So you see, this country has not made BTC its main currency, but it is their official currency.

El Salvador Adopted Bitcoin as an Official Currency; Salvadorans Mostly Shrugged  https://insights.som.yale.edu/insights/el-salvador-adopted-bitcoin-as-an-official-currency-salvadorans-mostly-shrugged

The government of El Salvador, Nayib Bukele, has made Bitcoin eligible for use as the currency of his country, which is the biggest achievement. Bitcoin has been recognized as the national currency by legal tender, but it will take a long time for El Salvador residents to learn to use this Bitcoin. To inform people in remote areas about Bitcoin, he is teaching Bitcoin in various media and various government schools, using all kinds of measures to attract the current and future generations to Bitcoin.
People in the past have been trying hard to learn about Bitcoin transactions, but Nayib Bukele has taken this initiative so that the next generation can become proficient in Bitcoin. So he has created an opportunity for everyone from seven-year-old children to adults to gain knowledge about Bitcoin.

The country has certainly adopted good policy and plan. But I am worried about one thing, the price of Bitcoin is very volatile, if the price of Bitcoin increases or decreases at the time we are going to make a transaction, how will we complete this transaction, I am very worried about this issue.

If children are taught from a young age, then this is a very good decision. Because they will gradually learn about the Bitcoin network and from this, some people will become interested in learning in a deep way. It is expected that their education will improve a lot.

[tvbcof]

...
The government of El Salvador, Nayib Bukele, has made Bitcoin eligible for use as the currency of his country, which is the biggest achievement. ...

As much as I like Bitcoin, I would have to dis-agree.  It's big, not the biggest.  It's a part of a more broad solution.

To me, Bukele's biggest accomplishment has been fighting against very powerful global forces who adeptly use crime and dysfunction as their means of controlling societies and expropriating their resources.  This is why we see the larger intelligence agencies of the 'developed' world chronically involved in drug, weapons, and human trafficking.  Especially the U.S. where these intelligence agencies are very much owned by the same entities who own the global financial systems.

Bukele is the only national leader who I've heard relay directly how he was instructed to avoid cracking down on crime because it is an important part of the economy and distribution-of-wealth mechanisms.  Years ago I reverse-engineered how this would be occurring which is why I just nodded and said 'yup!' when he expressed the council he was getting from the likes of the IMF.  That is, 'go easy and slow on resolving the gang issues.'

I was in The Philippines at the tail end of Duterte's admin.  The guy did his real work in his first three years, and basically was beaten into submission by the goings-on with the Marawi 'war' and so-called 'ISIS'.  The parallels between Bukele and Duterte are very clear to me.  In both cases (I believe) that the men cared about their country and their countrymen in a genuine way.  This is both rare, and a big sin under the current global world order.  Both men paid for their sins through brutal global media ridicule.  Both men made very noticeable positive differences in their countries at the street level.  Both men are wildly popular among their people which really drive the globalists crazy.

In The Philippines one of the Marcos (previous dictator) clan is back in.  Compete toadies of the globalists, and the Americans in particular.  The country quickly started reverting to blatant corruption and criminality.  Marcos and the globalist neo-libs colluded to capture Duterte extra-judicially and he is now dying in a European prison.  Masses of Filipinos all around the world are protesting.  The ICC has proven to be nothing more than tools for the banking class.

As I currently see things, El Salvador hangs by a thread, and that thread is Bukele.  But it's better to be hanging by a thread than to have fallen long ago as is the case with most nations.  The society shifts, and I think for the better, with every year that he hangs on.  And some of those changes will be somewhat enduring.  Hopefully more than was the case with The Philippines when they got their rare break.

[UpTober]

El Salvador has recently added more Bitcoin to their national reserves and according to the latest update, their Bitcoin holdings now stand at 7,653.37 BTC. Their continued holding of Bitcoin in their national reserves could be a good example for many countries as many countries have misconceptions about Bitcoin, while El Salvador is enriching their reserve fund with Bitcoin.
Source

[Zanab247]

El Salvador has recently added more Bitcoin to their national reserves and according to the latest update, their Bitcoin holdings now stand at 7,653.37 BTC. Their continued holding of Bitcoin in their national reserves could be a good example for many countries as many countries have misconceptions about Bitcoin, while El Salvador is enriching their reserve fund with Bitcoin.
Source

You can only experience such move from government officials that understand the movement of BTC which is the reason why they still use this opportunity to buy more BTC and continue hodling to have big profits to display in the future. El Salvador government is very bold towards BTC which is the reason why you seen them buying BTC to increase their reserve Wallet to ensure when they are ready to sell it will boost their economy and other things in the country.

El Salvador government will not going to regret for this step they are taking to build a good economy that will make El Salvador citizens not to experience poverty in the country, because there are other things their citizens will get involve once they make plenty profit from BTC that will make them grow financially in the country.

[Dunamisx]

...
The government of El Salvador, Nayib Bukele, has made Bitcoin eligible for use as the currency of his country, which is the biggest achievement. ...

As much as I like Bitcoin, I would have to dis-agree.  It's big, not the biggest.  It's a part of a more broad solution.

To me, Bukele's biggest accomplishment has been fighting against very powerful global forces who adeptly use crime and dysfunction as their means of controlling societies and expropriating their resources.  

Bitcoin is part of El Salvador achievements and same as the president Nayib Bukele, ever since bitcoin adoption, it could be noted that in El Salvador, the crime rate has also reduced drastically because the people have more reason to have a sustainable economy under a decentralized financial system developed and they have adopted as a legal tender in the country.

Therefore when it comes to their achievements, there is more to point out on in the country ever since bitcoin adoption, things have always been more better and they are seeing as a tourist attraction for the whole world to emulate and learn about Bitcoin, while everything has been made available for the citizens to also embrace the same opportunity for their own other me al prosperity.

[tvbcof]

...

Bitcoin is part of El Salvador achievements...

As stated.

...and same as the president Nayib Bukele, ever since bitcoin adoption, it could be noted that in El Salvador, the crime rate has also reduced drastically because the people have more reason to have a sustainable economy under a decentralized financial system developed and they have adopted as a legal tender in the country.

Sadly, one cannot just wish or speak things into existence.

The crime rate has declined precipitously almost exclusively because the government started punishing crime in a real way.  Period.  It has little to nothing to do with the people's perception of a  'sustainable economy' and blah, blah, blah.

While at one time BTC was formally classified as 'legal tender', the sober reality is that El Salvador was forced to back off by the realities of the existing financial world order and taxes can be forced in USD.

Indeed, peeps who have a fundamental understanding of BTC are rare as hen's teeth, and most of those are from the monied strata who often see it as a threat to their station in life.

Therefore when it comes to their achievements, there is more to point out on in the country ever since bitcoin adoption, things have always been more better and they are seeing as a tourist attraction for the whole world to emulate and learn about Bitcoin, while everything has been made available for the citizens to also embrace the same opportunity for their own other me al prosperity.

I would agree that in many ways, including tourism potential (a sub-set of generalized attraction of capital), El Salvador under Bukele is setting some outstanding examples.  Sadly though, the more nations who emulate him, the more competition he will have.

I would again disagree the rosy assumptions about Bitcoin adoption and relate that the general citizenry of the country and their purposed 'adoption' is primarily a myth.  One can 'live on Bitcoin' quite easily (in the right locales) due to the Chivo machines, but I do sense something of a weak link in they are the main options.  If they shut down tomorrow, people who do used them could be kind of fucked.  In this way they are much like the USD ATM's.  I found a much higher diversity for converting BTC in terms of selection (and confusion) in Panama for instance.

I think that now El Salvador is fighting smart by fostering a solid framework which will induce the movement of deeper financial and philosophical capital, and that will stick around on a more enduring basis.  This can be a dangerous game however which will require some finesse.  Lot's of the people who are attracted to the place in hopes of it's clean-sheet potential would probably move on to find greener pastures if the country 'advanced' into being a techno-fascist AI-run serfdom.

I have to say that right now it is sweet to be able to register one's car efficiently (unlike other yet-to-be updated bureaucratic procedures), but is it going to stop at a sweet spot, or is it going to progress to the kind of totalitarian dystopia that the techno-bros seem to be eyeing?  Only time will tell.

[Taskford]

...
The government of El Salvador, Nayib Bukele, has made Bitcoin eligible for use as the currency of his country, which is the biggest achievement. ...

As much as I like Bitcoin, I would have to dis-agree.  It's big, not the biggest.  It's a part of a more broad solution.

To me, Bukele's biggest accomplishment has been fighting against very powerful global forces who adeptly use crime and dysfunction as their means of controlling societies and expropriating their resources.  

Bitcoin is part of El Salvador achievements and same as the president Nayib Bukele, ever since bitcoin adoption, it could be noted that in El Salvador, the crime rate has also reduced drastically because the people have more reason to have a sustainable economy under a decentralized financial system developed and they have adopted as a legal tender in the country.

Therefore when it comes to their achievements, there is more to point out on in the country ever since bitcoin adoption, things have always been more better and they are seeing as a tourist attraction for the whole world to emulate and learn about Bitcoin, while everything has been made available for the citizens to also embrace the same opportunity for their own other me al prosperity.

What benefit gotten by El Salvador for adapting on Bitcoin is that one their tourism has been boosted, no one notice about El Salvador before but when they announce that they are making Bitcoin as their legal tender they gain lots of exposure especially on global investment scene.

But if we talk about the drop of crime rate in that country, let's give a credit for the security crack downs done by Bukele especially for the gangs in their country. Bitcoin help them to became became a innovative country, while their reforms especially on security maters in their country what makes people life easy and safe there.

[famososMuertos]

:://:::.  Lot's of the people who are attracted to the place in hopes of it's clean-sheet potential would probably move on to find greener pastures if the country 'advanced' into being a techno-fascist AI-run serfdom.
:://:::.

I don't think such a thing exists at the level of the average person, the ordinary citizen. In a country like El Salvador, they are tied to remittances; it's literally the only thing on which the majority of the population depends.

Bitcoin should have fit in well, but the reality is that at the time it didn't even represent 2% of a pie that, if I remember correctly, was around 5 billion, something like that. In fact, it was a key element in Bukele's marketing strategy back then.

But it doesn't matter; the idea, although increasingly bureaucratic, still persists.