Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
A year after Bukele’s first announcement of Bitcoin adoption, most Salvadorans see no benefit in the measure.
- 71.1% of Salvadorans surveyed say Bitcoin did not improve their finances.
- 6.1% of respondents said that Bitcoin improved their situation “a lot”.
- Yesterday marked the one year anniversary of the announcement of Bitcoin adoption.
Yesterday marked the first year since the moment when the president of El Salvador, Nayib Bukele, announced that Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. would be legal tender in your country . The information was made public at the event Bitcoin Miami 2021 and following his statement, which many believed to be fictitious at the time, things happened very quickly and just four days later, on June 9, 2021, the Legislative Assembly of El Salvador passed a historic law : the world’s first law that makes Bitcoin in legal tender.
Bukele recalled this yesterday on Twitter, retweeting several users who posted the importance of the date:
— McShane (@mcshane_writes) June 5, 2022
But people don’t think alike
While for the crypto community around the world this has been an unprecedented event, it seems that inside El Salvador it has not been so. At least that’s how it reads in a survey conducted by the University Institute of Public Opinion of the Central American University José Simeón Cañas which conducted a citizen evaluation survey of Bukele’s third year in office. A total of 1272 citizens from 14 departments participated in the survey.
It is striking that the opinion that Bukele’s government is doing things well is high. In the third year of government, 68.1% of people still believe that he is doing well. However, this percentage has been declining, as in the first year of government, 85.2% of the people surveyed by the same institute gave it a positive evaluation.
It is worth noting that, when people were asked on the government’s hit list, it was not named Bitcoin . However, it is on the rejection list, albeit with a small percentage:
“They didn’t improve my finances.”
Hubo dos preguntas donde Bitcoin is also reflected.
En una de ellas, cuando se les preguntó sobre qué beneficios había traído a la economía familiar de los salvadoreños la Ley Bitcoin In the survey, 71.1% of the 1,272 citizens surveyed responded that it had not brought them any benefit. 12.8% believe that this measure has brought little benefit to their economic situation, while 8.9% are certain that the Ley Bitcoin brought at least some benefits to their personal finances. Only 6.1% responded that Bitcoin had brought them many benefits.
It is also worth noting that -contradictorily- when asked about some reasons for the improvement of the family economy, the bonus Bitcoin, of USD $30, appears quite prominently (although, it should be noted that it appears next to another bond package given by the government, which may mean that because it was only a few dollars, it was not the most significant).
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