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[Yusra31]

Some of the fluffy reports from a lot of cryptocurrency periodicals lead one to believe that all is OK in El Salvador in terms of the new bitcoin law. However a survey of 1,233 Salvadorans performed by Disruptiva in the first week of July found that the majority of Salvadorans were suspicious of bitcoin as a currency. Leaked sources stated that Nayib Bukele's government allies were intending to create a stablecoin following the introduction of the new bitcoin tender law.Now, according to a regional report from El Mundo a number of Salvadorans have marched to the streets to demonstrate against the bitcoin law. Marchers came to protest Bukele's tender law, claiming that the crypto asset was extremely volatile.

A opposition group known as the Popular Resistance and Rebellion Block has written to Bukele's regime, claiming that the law is unconstitutional. According to the group, Bukele's officials did not consult the public beforehand, and the president's action was similar to playing the lottery.

 

[crypworld]

If El Salvador is using bitcoins for paying salaries, this would surely be a problem because of the volatility of the coin.

So the country should take this into consideration and an option when the crypto market turns bearish.

 

[Wisdom01]

I don't see the valid point in them protesting , because if the crypto asset is volatile , then they should quit making use of it for trading activities and use the former accepted currency dollar

 

[Josemendez]

I have always felt that some of Salvadorans are not happy with the adoption. This just confirmed it. However this protest can also be sponsored by opposition to the present regime

 

[Wisdom01]

I have always felt that some of Salvadorans are not happy with the adoption. This just confirmed it. However this protest can also be sponsored by opposition to the present regime

The problem could even from the ruling party , because some government officials might not like the adoption of crypto currency , despite the president trying all it's best to make sure crypto currency is more accepted

 

[ElPaule]

I have always felt that some of Salvadorans are not happy with the adoption. This just confirmed it. However this protest can also be sponsored by opposition to the present regime

google photos of this protests, and count the protesters. Big hint, you will not need more than 20 fingers to count them all. The group has seems to have done some actions against the government and love the spotlight of media. I think this is nothing huge.
Anyway there are still struggles with the law and it is not perfect. I think there needs to be a lot of brainwork be done to make this tender to a win for specially the poor population

 

[BullyMaguire]

Woaah this is opposite of what's usually happening in other country.. this country likes Cryptocurrency and residents don't haha

 

[Josemendez]

The problem could even from the ruling party , because some government officials might not like the adoption of crypto currency , despite the president trying all it's best to make sure crypto currency is more accepted

I think no president will want to do anything that his party won't support because they are the ones that placed him there. Doing against their opinion means an end to his political ambition after his tenure

 

[Wisdom01]

I think no president will want to do anything that his party won't support because they are the ones that placed him there. Doing against their opinion means an end to his political ambition after his tenure

There are some people that the president employ or put in such position , that's what i mean and they have no right to end his ambition , they might not be happy with his decision

 

[Josemendez]

Anyway there are still struggles with the law and it is not perfect. I think there needs to be a lot of brainwork be done to make this tender to a win for specially the poor population

The issue is that there are a lot of challenges facing this adoption. I think El Salvador should have educated his citizens for months before making such commitment

 

[BullyMaguire]

The issue is that there are a lot of challenges facing this adoption. I think El Salvador should have educated his citizens for months before making such commitment

This is what i thought. They should have give them a proper information about it so they wouldn't be shocked by the changes because if they have no idea about Cryptocurrency at all they might think the government is scamming them by implementing digital money around their country.

 

[ElPaule]

The issue is that there are a lot of challenges facing this adoption. I think El Salvador should have educated his citizens for months before making such commitment

No the El Salvadorian government did not prepare anybody before, the president has been proposed this idea because he loves digitalize everything. In addition there are enough drawbacks, that El Salvador does not have a own currency and rely on goodwill of the US fed.

 

[Josemendez]

This is what i thought. They should have give them a proper information about it so they wouldn't be shocked by the changes because if they have no idea about Cryptocurrency at all they might think the government is scamming them by implementing digital money around their country.

Also they should give opportunity for those who do want to stick to their Fiat currency . The adoption shouldn't be mandatory on everyone

 

[BullyMaguire]

Also they should give opportunity for those who do want to stick to their Fiat currency . The adoption shouldn't be mandatory on everyone

Indeed.. like for older people they may not see why changes like this are necessary im sure they're not being forced to use it because the country ofcourse wouldn't abandon their own currency

 

[Josemendez]

Indeed.. like for older people they may not see why changes like this are necessary im sure they're not being forced to use it because the country ofcourse wouldn't abandon their own currency

Their issue is going to much because they have to battle with knowing how to send their payment using crypto and also have to be delayed for confirmation.

 

[BullyMaguire]

Their issue is going to much because they have to battle with knowing how to send their payment using crypto and also have to be delayed for confirmation.

Yeah for the people who knows nothing about Cryptocurrency it will be hard doing all those stuff.. and they should really educate them first because there's also the thing called transaction fees

 

[Josemendez]

Yeah for the people who knows nothing about Cryptocurrency it will be hard doing all those stuff.. and they should really educate them first because there's also the thing called transaction fees

Apart from transaction fee . People can also incur the loss of subscribing for internet every month especially where Internet subscription is high

 

[Niftyicon]

I don't really see the need for the protest since bitcoin use isn't a compulsory thing. There is the option of the fiat for those who don't want to use bitcoin for one reason or another.

 

[GoldenLady]

In ruling people, there will always be some against you and the decision taken. As far as this is the best decision for the majority of the nation there's no need to revoke it.

 

[piti0608]

I think the people of salvadore not ready yet for crypto currency. They still like the old ways. The goverment should make an introduction to the the people before making a regulation.