Bitcoin Forum
May 11, 2024, 04:55:59 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: I asked - Which country is best suited to adopt Bitcoin in 2023?  (Read 193 times)
Gyfts
Legendary
*
Offline Offline

Activity: 2758
Merit: 1512


View Profile
February 19, 2023, 12:22:30 AM
 #21

Again it was a similar reply but now it wrote me the reason why these countries are best suited to adopt Bitcoin. Do you think this prediction would be correct or do you have any other country in your mind? 

Predictably, ChatGPT performed a one dimensional analysis and gave you the first country it could find with Bitcoin legal status, which was the country that has certified Bitcoin as legal tender.

Of course, it is completely irrelevant whether crypto's utilized as legal tender because that classification, or lack thereof, does not dictate whether it can be utilized as a core currency in a country.

It's probably true that some Latin American countries would be quicker to adopt Bitcoin than westernized countries because of the stringent regulations, though. I would infer that westernized countries would be the first to "ban" Bitcoin if they ever got the chance.
1715403359
Hero Member
*
Offline Offline

Posts: 1715403359

View Profile Personal Message (Offline)

Ignore
1715403359
Reply with quote  #2

1715403359
Report to moderator
1715403359
Hero Member
*
Offline Offline

Posts: 1715403359

View Profile Personal Message (Offline)

Ignore
1715403359
Reply with quote  #2

1715403359
Report to moderator
1715403359
Hero Member
*
Offline Offline

Posts: 1715403359

View Profile Personal Message (Offline)

Ignore
1715403359
Reply with quote  #2

1715403359
Report to moderator
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715403359
Hero Member
*
Offline Offline

Posts: 1715403359

View Profile Personal Message (Offline)

Ignore
1715403359
Reply with quote  #2

1715403359
Report to moderator
1715403359
Hero Member
*
Offline Offline

Posts: 1715403359

View Profile Personal Message (Offline)

Ignore
1715403359
Reply with quote  #2

1715403359
Report to moderator
Lida93
Hero Member
*****
Offline Offline

Activity: 742
Merit: 529



View Profile WWW
February 19, 2023, 08:19:34 AM
 #22

Third world nations are in better position to to utilize the adoption of bitcoin into the their economy as part of economic diversification that can boost their GDP in the process. It's high time African countries tap into this initiative like the likes of El Salvador https://www.crypto-news-flash.com/bitcoin-can-help-all-nations-el-salvador-able-to-pay-back-an-800m-bond-because-investment-in-btc-brought-money-to-the-country/ that are gaining advantage from their adoption of bitcoin despite the risks that may be involved.

.freebitcoin.       ▄▄▄█▀▀██▄▄▄
   ▄▄██████▄▄█  █▀▀█▄▄
  ███  █▀▀███████▄▄██▀
   ▀▀▀██▄▄█  ████▀▀  ▄██
▄███▄▄  ▀▀▀▀▀▀▀  ▄▄██████
██▀▀█████▄     ▄██▀█ ▀▀██
██▄▄███▀▀██   ███▀ ▄▄  ▀█
███████▄▄███ ███▄▄ ▀▀▄  █
██▀▀████████ █████  █▀▄██
 █▄▄████████ █████   ███
  ▀████  ███ ████▄▄███▀
     ▀▀████   ████▀▀
BITCOIN
DICE
EVENT
BETTING
WIN A LAMBO !

.
            ▄▄▄▄▄▄▄▄▄▄███████████▄▄▄▄▄
▄▄▄▄▄██████████████████████████████████▄▄▄▄
▀██████████████████████████████████████████████▄▄▄
▄▄████▄█████▄████████████████████████████▄█████▄████▄▄
▀████████▀▀▀████████████████████████████████▀▀▀██████████▄
  ▀▀▀████▄▄▄███████████████████████████████▄▄▄██████████
       ▀█████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀█████▀▀▀▀▀▀▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.PLAY NOW.
so98nn
Hero Member
*****
Offline Offline

Activity: 2086
Merit: 603


View Profile
February 19, 2023, 08:50:37 AM
 #23

As far as we understand chatGPT is all about collective information available over World Wide Web. It was very reasonable that it will tell us about El Salvador considering the available info and all the keywords connected with El Salvador (bitcoin, legal tenders, payment processors, government bonds and investment in bitcoin and much more).

So asking AI was funny move here. Also even when I just read the title, my conscious mind itself started saying “El Salvador”, and I think we can safely state that AI was good at answering. 😜

Moreover, as bitcoin maximalist I would love to see every country adopting the bitcoin. This will boost infrastructure everywhere and it would be easy to penetrate bitcoin and have that legal tender order for borderless payments.
S A KHAIR
Full Member
***
Offline Offline

Activity: 952
Merit: 108


1xBit recovered their reputation


View Profile
February 19, 2023, 09:08:21 AM
 #24


It's probably true that some Latin American countries would be quicker to adopt Bitcoin than westernized countries because of the stringent regulations, though. I would infer that westernized countries would be the first to "ban" Bitcoin if they ever got the chance.

Not because of strict regulation, because with their economic growth, they don't need bitcoins, adopt bitcoin is just a threat to their national currency. While Latin American countries are poor countries, with high inflation, and they have almost no solution to revive the economy, and bitcoin is a suitable option for them.

Synchronice
Hero Member
*****
Offline Offline

Activity: 854
Merit: 778


Watch Bitcoin Documentary - https://t.ly/v0Nim


View Profile
February 19, 2023, 09:36:33 AM
 #25

ChatGPT's data only goes up until September 2021, so it misses one year and some months. Also, it's not really an artificial intelligence, it's just an improved version of search engines that is capable to take information from them, filter and provide to you in human language.

If there is any country that truly implements bitcoin, it's El Salvador, for instance, they even plan to open Bitcoin Embassy in the USA. But I don't really understand why is this country so praised and why it become an idol worldwide. El Salvador is full of corruption, full of gangs, full of violence and full of high crime rate. Is anyone going to ignore everything listed above and travel in El Salvador for the sake of Bitcoin adoption? I don't think so. Are companies going to open businesses in El Salvador because of bitcoin adoption? I don't think so. They won't find necessary amount of local people that will meet their criteria and I genuinely believe no one will wish to relocate in El Salvador because of violence and high crime rate.

So, why is this country still an idol for people? To my mind the only reason they implemented bitcoin is that gangs can't carry cash all the time, gangs can't use banks also, so crypto is an only option for them to change physical currency. Don't blame me for saying this because it's true in this case! Gangs have the gov by the balls! Bitcoin is also beneficial option for local politicians to avoid future international sanctions.


.freebitcoin.       ▄▄▄█▀▀██▄▄▄
   ▄▄██████▄▄█  █▀▀█▄▄
  ███  █▀▀███████▄▄██▀
   ▀▀▀██▄▄█  ████▀▀  ▄██
▄███▄▄  ▀▀▀▀▀▀▀  ▄▄██████
██▀▀█████▄     ▄██▀█ ▀▀██
██▄▄███▀▀██   ███▀ ▄▄  ▀█
███████▄▄███ ███▄▄ ▀▀▄  █
██▀▀████████ █████  █▀▄██
 █▄▄████████ █████   ███
  ▀████  ███ ████▄▄███▀
     ▀▀████   ████▀▀
BITCOIN
DICE
EVENT
BETTING
WIN A LAMBO !

.
            ▄▄▄▄▄▄▄▄▄▄███████████▄▄▄▄▄
▄▄▄▄▄██████████████████████████████████▄▄▄▄
▀██████████████████████████████████████████████▄▄▄
▄▄████▄█████▄████████████████████████████▄█████▄████▄▄
▀████████▀▀▀████████████████████████████████▀▀▀██████████▄
  ▀▀▀████▄▄▄███████████████████████████████▄▄▄██████████
       ▀█████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀█████▀▀▀▀▀▀▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.PLAY NOW.
TalkativeCoin
Member
**
Offline Offline

Activity: 124
Merit: 11


View Profile
February 19, 2023, 09:43:37 AM
Merited by SirJohnVonSlotty (2)
 #26

Bing pretty much has the same answer, although newer data to work with.

D ltr
Sr. Member
****
Offline Offline

Activity: 1360
Merit: 258


Undeads.com - P2E Runner Game


View Profile
February 19, 2023, 03:01:42 PM
 #27


Do you think this prediction would be correct or do you have any other country in your mind? 

I think all countries have the right to adopt bitcoin, not only for ruling countries and poor countries but all countries on this earth.
what is being considered is when the government of that country can accept btc for payment and whatever, that is the question
i hope malta is the country that catches up with elsavador to adopt btc not china or USA


💀|.
   ▄▄▄▄█▄▄              ▄▄█▀▀  ▄▄▄▄▄█      ▄▄    ▄█▄
  ▀▀▀████████▄  ▄██    ███▀ ▄████▀▀▀     ▄███   ▄███
    ███▀▄▄███▀ ███▀   ███▀  ▀█████▄     ▄███   ████▄
  ▄███████▀   ███   ▄███       ▀▀████▄▄███████████▀
▀▀███▀▀███    ███ ▄████       ▄▄████▀▀████   ▄███
 ██▀    ▀██▄  ██████▀▀   ▄▄█████▀▀   ███▀   ▄██▀
          ▀▀█  ▀▀▀▀ ▄██████▀▀       ███▀    █▀
                                      ▀
.
.PLAY2EARN.RUNNER.GAME.
||VIRAL
REF.SYSTEM
GAME
|
████████████████████████████
████████████████████████████
████████████████████████████
██████ ▄▀██████████  ███████
███████▄▀▄▀██████  █████████
█████████▄▀▄▀██  ███████████
███████████▄▀▄ █████████████
███████████  ▄▀▄▀███████████
█████████  ████▄▀▄▀█████████
███████  ████████▄▀ ████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████▀▀▄██████▄▀▀████████
███████  ▀        ▀  ███████
██████                ██████
█████▌   ███    ███   ▐█████
█████▌   ▀▀▀    ▀▀▀   ▐█████
██████                ██████
███████▄  ▀██████▀  ▄███████
████████████████████████████
████████████████████████████
████████████████████████████
abel1337
Legendary
*
Offline Offline

Activity: 2464
Merit: 1145

FOCUS


View Profile WWW
February 19, 2023, 03:19:30 PM
 #28


Do you think this prediction would be correct or do you have any other country in your mind? 

I think all countries have the right to adopt bitcoin, not only for ruling countries and poor countries but all countries on this earth.
what is being considered is when the government of that country can accept btc for payment and whatever, that is the question
i hope malta is the country that catches up with elsavador to adopt btc not china or USA


Of course they have the right to adopt bitcoin but this doesn't mean they will adopt it given that bitcoin for them is pretty uncertain and is still a gamble if they adopt it. There are countries that fit or viable to adopt bitcoin such as El Salvador. El Salvador is using US dollar as there main currency and adopting bitcoin as an alternative type of currency to them is good because they won't rely so much on US dollar anymore. There are still disadvantage in adopting it. As we see from the last crash, El Salvador citizens who don't have an idea on how volatile bitcoin is greatly affected by it. Adopting it is a gamble but countries such as El Salvador is on it's step toward the future.
Falconer
Legendary
*
Offline Offline

Activity: 2506
Merit: 1126



View Profile
February 19, 2023, 03:36:52 PM
 #29

Of course they have the right to adopt bitcoin but this doesn't mean they will adopt it given that bitcoin for them is pretty uncertain and is still a gamble if they adopt it. There are countries that fit or viable to adopt bitcoin such as El Salvador. El Salvador is using US dollar as there main currency and adopting bitcoin as an alternative type of currency to them is good because they won't rely so much on US dollar anymore. There are still disadvantage in adopting it. As we see from the last crash, El Salvador citizens who don't have an idea on how volatile bitcoin is greatly affected by it. Adopting it is a gamble but countries such as El Salvador is on it's step toward the future.
But bitcoin is not only suitable for adoption by countries that do not have their own currency like El Salvador, but is generally suitable for adoption by any country even if it has its own fiat. Bitcoin had wide range of real use cases when it was adopted, it could also help users save moderate or large amounts of financial transaction fees so it is not just limited to means of payment.

I will still support any country that wants to adopt bitcoin, but of course I don't really expect it to be adopted by many countries verry soon. The regulation and mindset of the government towards bitcoin must be changed, it is far more important to be the main thing to think about.

███████████████████████
████████████████████
██████████████████
████████████████████
███▀▀▀█████████████████
███▄▄▄█████████████████
██████████████████████
██████████████████████
███████████████████████
█████████████████████
███████████████████
███████████████
████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
█████████▀▀██▀██▀▀█████████
█████████████▄█████████████
███████████████████████
████████████████████████
████████████▄█▄█████████
████████▀▀███████████
██████████████████
▀███████████████████▀
▀███████████████▀
█████████████████████████
O F F I C I A L   P A R T N E R S
▬▬▬▬▬▬▬▬▬▬
ASTON VILLA FC
BURNLEY FC
BK8?.
..PLAY NOW..
suzanne5223
Hero Member
*****
Offline Offline

Activity: 2618
Merit: 650


Want top-notch marketing for your project, Hire me


View Profile WWW
February 19, 2023, 04:25:24 PM
 #30

ChatGPT didn't make any prediction, it only extracts all the information it found online that related to your question and if you read the response answer well you'll see that it only provides the history and record of the countries when it comes to blockchain, crypto, and technology. If we are to list the countries that are best suited to adopt Bitcoin in 2023 the list cant be complete if we don't include South Korea since it's one of the most crypto-friendly.

Lucius
Legendary
*
Offline Offline

Activity: 3234
Merit: 5664


Blackjack.fun🎲


View Profile WWW
February 19, 2023, 04:33:44 PM
 #31

Answers provided by AI have no value, they are just some sort of average of answers given by humans on the public segment of the Internet. There is no original though, no conscious effort, no intelligence. Often times if you read carefully what AI produces, it's just nonsense, but it's got to a level where it's grammatically correct, so at first glance it looks impressive.

That's right, AI just has a huge database that is not even up to date and based on that it creates answers like this. Although everyone immediately remembers El Salvador because it is the first country in the world to declare Bitcoin as legal tender, data shows that the rate of real adaptation in that country is even lower than in some other countries that no one else actually mentions.

I don't see any specific country as the "best" in terms of the question posed by the OP, because the whole thing about someone looking at the success and adaptation of Bitcoin in a country through how much a country supports it is not something that should be the most important in the whole approach. Asking permission or legitimacy from politics/state to use Bitcoin is a bit absurd, because not even Satoshi contacted the FED or ECB and asked their opinion - their opinion is known to everyone anyway.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!