El Salvador needs Bitcoin Cash too.

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Avatar for francis105d1
2 years ago

El Salvador has made official the usage of Bitcoin BTC as legal tender. They are trying to figure out how Bitcoin will work inside the nation and work all the details so that people can use and exchange it for other assets like dollars. The government also needs to put some educational content so that the population understands what Bitcoin is and how it works. I don't think that the government will be happy to point out Bitcoin's issues. Pretty much, it will be a monkey see monkey do education.

The Bitcoin Cash community needs to open a fundraiser campaign to go and spread Bitcoin Cash to El Salvador and educate its population about Bitcoin and its new law. We must teach people the difference between using Bitcoin as intended to be done and how it is instead being taught inside the country. I am sure that the government will teach its citizens to use custodian services. Still, it won't teach them why you will lose all benefits that Bitcoin could offer the moment you start using custodian services.

Bitcoin core maxis are promoting the law in El Salvador like one of the first dominos to fall in a campaign for Bitcoin worldwide hyper adoption. If nothing more, this is the most fantastic opportunity to show once it for all that Bitcoin Core is garbage and that it doesn't work. What better chance than to lead to a hold nation that Bitcoin core doesn't work as advertised.

We need politicians to be full-throttle on the Bitcoin wagon but using it the proper way, not with banks like services. Before it is the law, we must teach people the issues that custodians bring to the table to verify the total supply and privacy.

And we must let people know that Bitcoin can work as a currency only if they are willing to use Bitcoin as a peer-to-peer currency, which means using Bitcoin with the blockchain and not custodian services. The government will invest in propaganda to make people think they are using Bitcoin. The Bitcoin Cash community must invest in mass information in El Salvador to fight the propaganda that Bitcoin maxis and the government will try to present to Salvadorians.

Bitcoin Cash has the most incredible opportunity to show a whole population that Bitcoin Core is not Bitcoin and that Bitcoin Cash is not a fork but the real Bitcoin. Since 2009 and those calling store of value what once was peer-to-peer currency is the real fork. We must open the eyes of Salvadorians because they will teach the whole world that Bitcoin doesn't work, but we need to wait for the law to be implemented because once it is law, it will be just a matter of changing the name in the law instead of the whole law. We want to use Bitcoin maxis' weapons to fight them back.

The Bitcoin Cash whales and community leaders must come together in common goals and try to invest in the education of a whole nation in what Bitcoin is and what Bitcoin is not, for those educating will need funds. It will be a massive movement of people with knowledge within the territory. It can even be made using ORG so that funds can be put to work to educate and really educate and not just spread propaganda like the Bitcoin maxis are doing.

Conclusion.

In El Salvador, as it is written and the first trials are, working people will be using custodian services. What was happening on Beach City or Surf City is what Bitcoin maxis passed as Bitcoin. People will also be able to use other wallets, not just custodians. Wallets like Bitcoin.com will have the chance to show people that using Bitcoin as a peer-to-peer currency is instead prohibited for them, and if they use custodians, they lose the advantages that Bitcoin could have offered. Using Bitcoin Cash against Bitcoin Core will show that Bitcoin is not ready to be adopted by anyone, and the people will have choices.

We must reach the Salvadorian population to show them that the real Bitcoin is Bitcoin Cash because it works and also so that they know that they have other choices once they accept a custodian Bitcoin payment. Salvadorians will have the option to choose either dollars or other altcoins. But we must teach them that their salary won't be enough to pay for transactions on-chain once fees go up like they always do, and using custodian services is just like using yet another bank where their funds can get seized, lost, and sometimes even stolen. Salvadorians must know that their Bitcoin usage with custodians is worst than even a bank service.

Salvadorians didn't have bank accounts before Bitcoin, but now they have bank accounts given by the government disguised as wallets. At least the mission should be to teach people to use and save their private keys and teach them they have other alternatives.

Freedom of choice and decentralized finances is the terms Salvadorians must know and not just custodians' bank accounts.

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2 years ago

Comments

Some months ago, I heard that their president was ready to implement the adoption of Bitcoin cash, although the issue became controversial

$ 0.01
2 years ago

Adoption of Bitcoin Cash? In El Salvador, it is about BTC is the legal currency. What I am saying is that BCH needs to be adopted in El Salvador too, but I guess BCH will work with other countries instead, like Venezuela, and I don't remember what other nation, San, something.

BCH is also being adopted by others but voluntarily instead of by law. That is precisely what El Salvador needs a movement to make BCH legal currency by choice, not forced upon you by law, and in a way that is already happening.

$ 0.00
2 years ago

I can tell is this just a propaganda against bitcoin cash

$ 0.01
2 years ago

What do you mean?

$ 0.00
2 years ago

Smiles.. Not you! Or what you're written, I mean, there is a propaganda against bitcoin cash by others if you look at it well, some people don't want the recognition of bitcoincash because the know when that happens, the major coin they hold will begin to lose it value

$ 0.01
2 years ago

Yeap, those that hold BTC could lose a lot if BCH and its low fees get recognition.

$ 0.00
2 years ago

I hope the world gets to know about it sooner

$ 0.01
2 years ago