Urbandreamer wrote:You have selectively quoted, ignoring the fact that I was talking about a country where some are paid in bitcoin and it's accepted in the local supermarket.
Are they? Is anyone actually being paid in Bitcoin in El Salvador?
And the local shop probably doesn't accept it.
The last report I saw from someone in the country was:
What has been the impact of the btc price drop?
Government aside, none. Most Salvadorans didn’t use btc for daily transactions, so there hadn’t been any impact on the families’ economy whatsoever. There wasn’t enough time for people to adapt and learn about btc, so just a minority might have some savings in it. Medium and big businesses still accept btc as payment since it’s law, on the other hand, small and informal businesses might not accept it, not because they’re against it, it’s just that nobody is using it...at least in the capital city where I’m from. In the coastal area where tourists visit daily, btc is more used, from foreigners to Salvadorans.
Compared to last year, chivo’s atm are now empty, they still work, but there are no longer queues nor chivo staff since most people already got the $30 bonus.
I assume that you got that quote off the internet, though you don't feel inclined to provide a link. Possibly you could use your ability to answer your own questions.
Meanwhile, I watched this video from "That Expat Mom" some time ago. Should it not be obvious, she is not a native, but does live there.https://www.youtube.com/watch?v=PSKdpbB5BAc&t=1098s
So, no shops that accept it?
If you do bother to search, you will find plenty of evidence that it's no Utopia and that it doesn't always work or that not everyone is happy with it. That is however VERY FAR from what you seem to claim (ie accepted nowhere and nobody uses it).
You will also find plenty that suggests that it's working really well.
Indeed even your quote says that it IS used in parts of the country, just not as much in the capital.
Is anyone paid in bitcoin? Well apparently so. This video of the history of the Bitcoin Beach project mentions some.https://www.youtube.com/watch?v=_OSVndOJchQ
I have previously posted that I think it's too early to claim success or failure and I stick by that statement. If it's still going in two years time, it might still be too soon. However in two years it would certainly have become clear that some of the claims made today were rubbish.