CZ Wants Your Opinion

[DanielBroonze]

CZ recently tweeted " Only 1 country in the world uses #crypto as legal tender. Just the beginning".



What's Your Opinion. This is really a Beginning or wants to take more time?

[Bttzed03]

CZ only tweeted and he's not asking our opinion. It's YOU who is asking. Change the misleading title.

~This is really a Beginning or wants to take more time?

It seems you're misunderstanding the meaning of the word beginning. It doesn't say every other country will follow El Salvador's footsteps. The questions should have been like This is really a Beginning or will it end with El Salvador?

Now, to answer that question. I think countries that are friendly to BTC are still observing what's going to happen. If the implementation/roll out of government policies concerning BTC will be successful, their neighbors could follow.

[asriloni]

What's Your Opinion. This is really a Beginning or wants to take more time?

CZ was only expressing his opinion regarding the adoption by el Salvador is jus the beginning for another adoption that may happen in the future. CZ was talking about the possibility of the adoption that happened with el Salvador can trigger more countries to consider to legalize bitcoin as a legal tender on their countries to follow what already done by el Salvador.
I personally has the same opinion as CZ if we are entering the adoption to the crypto by countries and government. If the adoption that already done by Salvador will be a successful adoption and this will attract more governments to think to add bitcoin as a part of their legal tender. The adoption for crypto is just starting now.
Your question was also a bit confusing consider if the beginning means if it's just started and it will need more time for another country to come to adopt bitcoin in the future. I guess you're missing something from cz's post, right?

[HardCore12V]

CZ only tweeted and he's not asking our opinion. It's YOU who is asking. Change the misleading title.

~This is really a Beginning or wants to take more time?

It seems you're misunderstanding the meaning of the word beginning. It doesn't say every other country will follow El Salvador's footsteps. The questions should have been like This is really a Beginning or will it end with El Salvador?

Now, to answer that question. I think countries that are friendly to BTC are still observing what's going to happen. If the implementation/roll out of government policies concerning BTC will be successful, their neighbors could follow.

You make it sounds like CZ don't understand what he is saying, to me that tweet looks like he is saying this is just the beginning of crypto adoption, if one country have fully embrace crypto then others will happen, there is no question mark at the back of his tweet where he said 'just the beginning' so to me you are wrong

[hd49728]

Bitcoin does not need to be legal tender to be used. If you think that it is prohibited and people can not use it in countries that it is not legal tender, you are misunderstand it.

Bitcoin is for underbanked and for everyone, in every country.

Legal tender is only one of things to bring Bitcoin to more people on social media. I think Bitcoin will be get accepted more without legal tender. However El Salvador is a good test for the world.

[livingfree]

No question being brought by CZ.

But if you want to know the opinion of other people then you better start what you think about that. With his tweet, it's about the countries that will make bitcoin as a legal tender.

Will Cuba is next?

[Bttzed03]

~
You make it sounds like CZ don't understand what he is saying,

Where exactly in my post did I make it sound like that?

~ there is no question mark at the back of his tweet where he said 'just the beginning' so to me you are wrong

Did I say there should be a question mark to his tweet? Try to read what I said slowly and find out who I'm directing my answers to before butting in. Comprehend.

~ Will Cuba is next?

It could be but who knows. Countries with economic sanctions are surely watching the crypto developments in El Salvador.

[Kemarit]

CZ recently tweeted " Only 1 country in the world uses #crypto as legal tender. Just the beginning".

{..snip..}

What's Your Opinion. This is really a Beginning or wants to take more time?

We can't really tell, maybe there will be a lot of nations that will follow El Salvador path's, specially neighboring countries in Latin and South America. Or maybe some in Africa and Asia as well.

So this is a just a beginning, in my opinion. If developing or underdeveloped nations find that bitcoin or crypto will help them a lot then why not? But don't expect though that bitcoin will become the world's financial instrument, I doubt that it will happen, the US dollar is still the king.

[danherbias07]

I follow CZ and he is like the news outlet for recent crypto events. Whatever opinion you have he won't care much. Because thats not his purpose for doing that.
So about adoption as it is El Salvador which he is talking about. It had been the goal since Day 1 but it had been a slow decade.
It's a start, I can't say it is a good start for many controversies might come out. All we can do for now is be updated about the news if it will do good for their economy or will it just make it worst.

[Bagong91]

Let's just wait and see what effect the legality of bitcoin has in the country, if it has a good impact on the country then the effect on bitcoin must be a lot and other countries might consider bitcoin to be legalized

[Mpamaegbu]

CZ only tweeted and he's not asking our opinion. It's YOU who is asking. Change the misleading title.

I bet the poster just wanted to make the topic captivating enough to get people to read it without realising it's needless doing so. It's called sensational journalism. Going by Musk's own tweet, he has a positive mindset already that it's just a matter of time before other countries join in the fray –"Just the beginning" as he says. For CZ, reading into that tweet of his, I see a man who is satisfied with the fact that there's motion in place already towards adoption.

My opinion on this is simply that Bitcoin, and by extension the entire crypto sector, is better off in the current post Bitcoin halving year than it was in 2017. One can only but imagine the tremendous spike (not the dip we're currently experiencing) had El Salvador been India, Japan or the US. For me, no leap is a small one. There's always a start point for anything and we should also remember that Rome wasn't built in a day, after all.

[el kaka22]

I do not know how many nations will use it as legal tender and I do not know when the next one will be. However, one thing I am 100% certain is the fact that it will happen with another nation without a doubt. It could be just 5-10 nations that accept it as legal tender, it could take 10 years to get to number 10, but I know 100% for sure there will be one more eventually.

El Salvador will not be the only one and there will be more. However, the really interesting thing is that, what if in the next 20-30 years we get to see EVERY nation to start accepting it? I mean it could start with very low economy nations like Venezuela or Zimbabwe to help the nation, and then it could move to just bad, and then it could move to below average and so forth until one day even China and USA starts to accept it? There could be a few nations absent like North Korea and China that is ruled by a dictator, but it is still possible that many nations could do this and then the price will be insane if that happens.

[CryptoWarriorsssss]

when the BNB goes to 1K or above

[naikturun]

I think cz's statement is not to make all countries make bitcoin their main currency, but about mass adoption which was previously rejected by some countries will start to turn around and start using crypto in their country or transact.
This is still beginning.

[Jilapikhamu]

This take more time because our country minister or prime minister or banker Don't know about crypto and how crypto work!  When they study about this and they saw some better vibe, than we saw hope for legalized

[Questat]

Cz is pro bitcoin, of course, he would say more positive news about bitcoin and he wants to expect us that there will be more countries to legalize bitcoin. Well, El Salvador makes bitcoin legal tender, they will be the barometer for other countries, especially for those who experience a high inflation problem, if that results in the economic growth of El Salvador, then possibly other countries will follow.

[sovie]

Bitcoin does not need to be legal tender to be used. If you think that it is prohibited and people can not use it in countries that it is not legal tender, you are misunderstand it.

Bitcoin is for underbanked and for everyone, in every country.

Legal tender is only one of things to bring Bitcoin to more people on social media. I think Bitcoin will be get accepted more without legal tender. However El Salvador is a good test for the world.

We are hearing this 10 years since the launch of bitcoin. Bitcoin doesn't need support of governments, its other way around. Most of big economic powers are still not in favor of decentralized bitcoin. Despite this opposition bitcoin has grown in terms of price, market cap and developing huge community.

Bitcoin is for underbanked and for everyone, in every country.

Globally, about 1.7 billion adults remain unbanked — without an account at a financial institution or through a mobile money provider. (source)
While BTC is open for every single person on this earth. Thats the power of Bitcoin that's frighting big economic powers.

[terrorJR]

how is this called cz want to hear our opinion? CZ only made a tweet that was true and didn't ask us to think about it.
but what's more interesting is whether it's just elsavador or will more countries adopt maybe you mean that.
this depends on the policy of the country and the hope is that if the elsavador policy is successful it is not impossible for other countries to follow in his footsteps.

[kidbounty]

yes this is just the beginning. and there will be many countries that will follow suit. CZ knows this, because he believes bitcoin will be adopted by all countries in the world. el salvador being the first, and i read yesterday news ukraine started the discussion to legalize bitcoin and crypto. they have come to draft laws and are currently under discussion. it's like a domino effect that is interconnected. and it is possible that other countries will follow this step

[GatotKaca]

yes this is just the beginning. and there will be many countries that will follow suit. CZ knows this, because he believes bitcoin will be adopted by all countries in the world. el salvador being the first, and i read yesterday news ukraine started the discussion to legalize bitcoin and crypto. they have come to draft laws and are currently under discussion. it's like a domino effect that is interconnected. and it is possible that other countries will follow this step

it depends on how the outcome of what El Salvador does. I'm sure now many countries will pay attention to El Salvador about how their country's finances are managed. especially some of the problems that are feared by many countries about the use of crypto and bitcoin as a means of payment.
but this is really the beginning of a change in the future.