Doing more research around bitcoin adoption. With the acceptance of BTC as legal tender in El Salvador we have real world data about adoption and usage progress of the cryptocurrency. From conversations with people of El Salvador, it seems that adoption of native Bitcoin framework as payment is limited to edge cases and younger population. This is not confirmed (and I’d love to be pointed to news/data about it) l, but I suspect people do HODL it as an investment more than as a ways of making payments (same as people in western societies). But disrupting that patter might be availability of the Bitcoin Lightning network. Very little data on this so if anyone has good links to follow, I’d appreciate the help.
#BTC #Bitcoin #Elsalvador #Lightning
marcinos
npub1xx…u4ez4
2023-05-29 12:56:49
Author Public Key
npub1xx9dtswf24tmxuzyzxcwudxev3xg5klj3n7n87s9t5sd3xjww6gqsu4ez4Published at
2023-05-29 12:56:49Event JSON
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"created_at": 1685365009,
"kind": 1,
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"content": "Doing more research around bitcoin adoption. With the acceptance of BTC as legal tender in El Salvador we have real world data about adoption and usage progress of the cryptocurrency. From conversations with people of El Salvador, it seems that adoption of native Bitcoin framework as payment is limited to edge cases and younger population. This is not confirmed (and I’d love to be pointed to news/data about it) l, but I suspect people do HODL it as an investment more than as a ways of making payments (same as people in western societies). But disrupting that patter might be availability of the Bitcoin Lightning network. Very little data on this so if anyone has good links to follow, I’d appreciate the help.\n#BTC #Bitcoin #Elsalvador #Lightning",
"sig": "b157dcff20ca46f9578369474fafeb80128c81e276a557372cfcc59b6fdc75cf5357210f312a8837074ec8b3191e4eebfdb00c9d65c529bb18c553cfba42d7ef"
}