kryptqnick
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November 27, 2021, 12:22:29 PM |
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Op, in terms of the difference between the list of top cities and top countries, I think it's because in some places big cities (often the capital) have a high degree of autonomy and can act swiftly and be more progressive than their countries in general. Regarding the lists overall, I agree these are largely prosperous places, but there's one important exception: El Zonte. El Salvador is a country with a terrible economy, and the majority of people there are far from rich, with many living in poverty. If you read about El Zonte, it's a village where people are fishing and farming, and photos don't exactly scream 'prosperity'. That's because unlike the rest of the list which consists of places that can basically afford to take a risk and experiment with innovations because they're prosperous, El Salvador basically went all-in on Bitcoin, which is a huge risk they're taking out of desperation and due to their authoritarian leader's strong faith in Bitcoin.
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Cling18
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November 27, 2021, 01:05:00 PM |
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These cities are open to modern technology adaption which includes cryptocurrency that's why their progress and modernization is too fast. Since people are knowledgeable and open to adaption, they're able to develop different aspects that affect the improvement of their city. I must say that these cities are risk-takers which is an advantage.
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fullhdpixel
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November 27, 2021, 09:34:30 PM |
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Regarding the lists overall, I agree these are largely prosperous places, but there's one important exception: El Zonte. El Salvador is a country with a terrible economy, and the majority of people there are far from rich, with many living in poverty. If you read about El Zonte, it's a village where people are fishing and farming, and photos don't exactly scream 'prosperity'. That's because unlike the rest of the list which consists of places that can basically afford to take a risk and experiment with innovations because they're prosperous, El Salvador basically went all-in on Bitcoin, which is a huge risk they're taking out of desperation and due to their authoritarian leader's strong faith in Bitcoin. The difference is that if your nation is a dictatorialship or just not "great" in any regard at all when it comes to corruption, then it means you leave it to the dictator in charge to accept bitcoin and crypto. Whereas when you are in a great nation where even the president could be charged with something (which may sound understandable to some people who live those nations but UNIMAGINABLE for people like me where I live) you could get people to actually care about a thing and get it legal. El Salvador is different because it was the president who pushed for it, if in North Korea the president there ends up wanting to push for it, he can, if China wants to they can, if they don't want to they could ban it, simple as that. So all in all I would assume that it would be very reasonable for certain not so rich nations to end up getting crypto to accepted only if the president wants to.
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Gyfts
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November 28, 2021, 06:06:22 AM |
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This list doesn't make any sense. Innovation doesn't matter at all if you're talking crypto. Bitcoin itself is not innovative, it's an alternate currency system, the technology is not ground breaking, it's not new. The only hotspots for Bitcoin are economies that can support it, meaning a wealthy population. Whether or not the Nordic countries are innovative in their technology has little to do with bitcoin adoption if the population are generally satisfied with their government and sustain confidence in their local currency. There is no incentive to ditch government back currencies if you already trust them.
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romero121
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November 28, 2021, 11:20:46 AM |
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Very few countries around the globe are technology wise developed. When we talk of innovation/technology based development what comes to mind is the infrastructure development. Very few countries are able to plan and execute thinking the future, whereas most of the countries plan the infrastructure development for a short term. In terms of cryptocurrency adoption my city hasn't reached a milestone, because of the government's on the same. But people of my country are much used to it and are to the next level of adoption.
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fiulpro
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November 28, 2021, 05:12:18 PM |
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Funny thing. Even if UK adopted Bitcoins wholeheartedly they still do not accept cryptocurrencies as a form of investment for supporting financial statements. Which does mean that there is still a long way to go for them. I do think we should talk about El Salvador in detail as well what the country is doing is amazing. They are even going to mine Bitcoins using renewable sources of energy which can also be taken as a green flag for the Environmental summits happening every now and then. My native country is suggesting to ban bitcoins right now which I think would be immensely sad for the people involved rest there are still countries like Ukraine which is silently accepting bitcoins and cryptocurrencies more.
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sana54210
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November 28, 2021, 06:08:09 PM |
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Very few countries around the globe are technology wise developed. When we talk of innovation/technology based development what comes to mind is the infrastructure development. Very few countries are able to plan and execute thinking the future, whereas most of the countries plan the infrastructure development for a short term. In terms of cryptocurrency adoption my city hasn't reached a milestone, because of the government's on the same. But people of my country are much used to it and are to the next level of adoption.
The main reason for this is that many nations do not have the funds to improve tech. Many nations are working to just survive, whereas there are some super rich nations with liberal policies where they do pay people for innovating or creating great jobs and so forth. Amazon (as far as I know) didn't pay a dime in federal taxes for example, which is proof enough that they are promoted to use that for creating more jobs and innovation. Elon musk got 3 billion dollars in contract and a ton of billions of dollars as a loan as well just so he could create spacex and keep it going. So, I would say that it is clear when there are a lot of money in a nation then innovation could be done by government or it could be done by people in that nation and get funding. Which is why we see it in those cities and not in other cities who are barely surviving and under a lot of debt.
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paxmao
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November 28, 2021, 06:12:27 PM |
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I can tell you just about a few of them:
San Francisco was able to create a hub of technology and a go-to place for innovation as a first mover. Many other cities have tried to replicate this, but is just not possible - it has to grow organically from a certain economic, political and cultural environment.
London has an abnormally oversized financial sector and two of the world class universities nearby. Money, talent and fintech grow well together. Needless to say that Londoners have an insatiable appetite for the next gadget or service out there that can either make their life better or make them look better.
Miami and Florida in general have the University of Central Florida and other educational centres that may not be the firsts you would hear about but are certainly doing their job in creating high-paying ready individuals and feeding the accelerators and incubators, second only to California.
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Reid
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November 28, 2021, 06:13:23 PM |
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Economy, leadership. This is a big jump to accept it and it requires time consuming research before they did. Perhaps, they even paid for consultations just so they could really adopt it. But there is a problem that I see beyond it, they accepted it but was not meant for usage. It became like a display just to say they are one of the innovative countries unlike what El Salvador and Japan did. It's like a race of who did it first and not literally adopted for a change.
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Alisha-k
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November 29, 2021, 05:37:24 AM |
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The government of this countries are innovative and have the growth of their economy at heart, some of them may not know in details what the system the have adopted is all about but the trust the judgement of their citizens and are particular about how the economy rises in the nearest future. Unlike most of our countries which instead of adopting the system choose to completely ban the use of it with no justified reason. If we're to research thoroughly, we'll find out that this countries are doing far better than those of ours yet to adopt the system.
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davis196
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November 29, 2021, 12:17:48 PM |
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All the counties and cities in your list have one thing in common-High standard of living. This attracts young and talented people from the poor countries,which leads to a migration from the poor to the rich countries. All those countries also have several other features: 1.Less bureaucracy and easiness of registering and running a business(maybe except USA). 2.Good educational system. 3.An abundance of young and highly qualified people(some of them are coming from underdeveloped countries). 4.An abundance of risk seeking investors,who are willing to invest into high tech startups. 5.The entrepreneur culture in these countries favors innovation and new technology,rather than traditionalism and conservatism. 6.Good infrastructure.
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LUCKMCFLY
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December 03, 2021, 01:14:52 AM |
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These cities are open to modern technology adaption which includes cryptocurrency that's why their progress and modernization is too fast. Since people are knowledgeable and open to adaption, they're able to develop different aspects that affect the improvement of their city. I must say that these cities are risk-takers which is an advantage.
Because these cities are so relevant at all levels, it is noteworthy that they are practically the most representative in the world, with my good economies, but putting all of them aside, I think one of the cities that need to be reviewed or more Well, a nation that must be reviewed is El Salvador, whose country only survived with international remittances, and since President Bukele implemented the use of Bitcoin as one of his main currencies, everything is going well, in fact, everything they do he is earning great profits from the government whose action will be focused on the improvement of his country.
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paxmao
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December 03, 2021, 11:59:31 AM |
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There is a public list of how easy is to do business by country. This is published officially and has certain weight on the decisions many large companies take on regards to where they choose to open central offices and even on how they decide to conduct business and on doing so at all. Corruption, they can live with most of the times for the larger part, but unnecessary burdens, taxes, bureaucracy, union power, and other issues of the like are not accepted. https://www.visualcapitalist.com/ranked-the-20-easiest-countries-for-doing-business/As you can see, the list matches well the list of cities you have listed.
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horrifiedx1
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December 03, 2021, 12:17:36 PM |
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Cities with high natural resources will of course be faster in responding to the times, so that cities are very open to responding to the development of cryptocurrencies. On the other hand, an environment that is very influential on the rapid spread of news, among business people and their community, it will be easier for them to exchange ideas for mutual progress.
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Mauser
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December 03, 2021, 12:25:14 PM |
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It doesn't surprise me that Switzerland is on the first place in your list. For hundreds of years Switzerland has been the place for wealthy people to invest their money anonymously. Hiding the names and identity of their clients is one of the big selling points for wealth managers to open bank accounts in Switzerland. No wonder that they are staying up to date in the financial world. Innovations and going with the trend is one of the reasons of the crypto success. Having the chance to be independent and secure from the reach of federal governments is interesting for most investing. Unfortunately are the services provided in Switzerland usually for the wealthy clients. Trying to invest 5 or 10,000 USD is not very lucrative for the banks. That is why cryptos are so attractive for the average Joe.
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magneto
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December 03, 2021, 09:08:10 PM |
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It honestly depends and it's a bit counterproductive to try to pigeonhole each country into either innovative or not innovative.
The US is definitely still leading the way with adoption but other countries are catching up when it comes to crypto use.
Singapore and Australia are up and comers in the field in my opinion, but that could change in a heartbeat.
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stomachgrowls
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December 03, 2021, 09:47:30 PM |
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It honestly depends and it's a bit counterproductive to try to pigeonhole each country into either innovative or not innovative.
The US is definitely still leading the way with adoption but other countries are catching up when it comes to crypto use.
Singapore and Australia are up and comers in the field in my opinion, but that could change in a heartbeat.
Everything could changed in a heartbeat and pretty much sure that majority of those countries which are still in neutral phase or still on observation does still wait up for the entire herd on going with the same line but we are already seeing that some of them do made out decisions without relying on other countries decisions when it comes to this. Each country does have its own decision it might neither be influenced externally or would definitely be independent on what they are current seeing. Lets not make in a hurry and let adoption move on its own.
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South Park
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December 03, 2021, 10:02:55 PM |
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Government run by the people who have knowledge and futuristic vision in their decision that is what makes the difference, especially some countries wre banning bitcoin with no actual reason but in reality they don't know what is blockchain so they simply call bitcoin and blockchain is scam so they are banning it and also comment that by this move their country will become crime free, biggest joke isn't it? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Unfortunately very few governments are run by people like that, people that are interested in innovating and have a vision for the future are out there making their dreams a reality, like satoshi, while politicians have most of the time a vision of the world in which they retain their power and as such oppose innovation, fortunately for us the world is always trying to move forward, so regardless of what the politicians want if an idea is good then people will eventually adopt it, so while it will take some time the pressure of the people will force politicians to accept bitcoin even if they do not want to.
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Shasha80
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December 03, 2021, 11:35:26 PM |
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Economy, leadership. This is a big jump to accept it and it requires time consuming research before they did. Perhaps, they even paid for consultations just so they could really adopt it. But there is a problem that I see beyond it, they accepted it but was not meant for usage. It became like a display just to say they are one of the innovative countries unlike what El Salvador and Japan did. It's like a race of who did it first and not literally adopted for a change.
Most countries that accept crypto from the start did not intend to make a change, because they still believe in the old system. That's why many countries that accept crypto only limit it as a digital asset, very different from what has been done by the state of El Salvador which legalized Bitcoin as a legal tender. This means that most countries really just want to look like innovative countries and not be left behind by technological advances. The reality is that many country is not really using crypto for change. Perhaps if in the next few years El Salvador experiences a very rapid development in the economy, it will trigger other countries to adopt crypto for change. Sometimes a country wants to adopt new things, if it is really proven that the new thing will make other countries experience positive changes first.
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xSkylarx
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December 04, 2021, 04:14:02 AM |
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Cities with high natural resources will of course be faster in responding to the times, so that cities are very open to responding to the development of cryptocurrencies. On the other hand, an environment that is very influential on the rapid spread of news, among business people and their community, it will be easier for them to exchange ideas for mutual progress.
Mostly those 3rd world country cant adapt crypto currency fast since they dont have enough resources like internet and other devices since it is really a poor country. On the first world country that is we called a lot of resources that can catch to the latest tech and able to adopt easily in crypto. Also having communication with other countries to exchange ideas , i think that was for business purposes only but in terms of crypto most of the countries right now are just thinking of it
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