Big economy, decent Bitcoin knowledge (compared to asian neighbours), decent personal and economic freedoms (unlike china) but also the most affected by currency debasement and money printing. So I was just wondering if they soon will get hyperbitcoinised ahead of other nations
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63 sats \ 1 reply \ @DarthCoin 4 Dec
Interesting Once Bitten podcast episode with a japanese woman that is doing hard work in onboarding japanese people onto Bitcoin and also translated "The Bitcoin Standard" by Saifeadean.
She explain quite well the situation in Japan in regards of Bitcoin.
https://fountain.fm/episode/kR19PWlsjlv8VkQ9tT3f
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21 sats \ 0 replies \ @kepford 4 Dec
Interesting. Japan's money printer is wild if I recall.
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21 sats \ 1 reply \ @SwapMarket 4 Dec
Surprisingly, Japan is behind most countries in traditional banking. Cards are not widely accepted. I have low expectations for bitcoin adoption.
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21 sats \ 0 replies \ @gmd 20h
Really I had no problems using my card almost everywhere. Didn't need as much cash as I expected. Mostly stayed within Tokyo-Osaka-Kyoto though.
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10 sats \ 4 replies \ @0xbitcoiner 4 Dec
According to this report, Japan ranks 19th in crypto adoption.
The 2025 Chainalysis Global Adoption Index: India and the United States Lead Cryptocurrency Adoption
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10 sats \ 2 replies \ @SwapMarket 20h
Haha, it says Russia is #10, including #8 in retail, but it is completely illegal to pay with crypto for goods and services, and literally no one dares to accept it.
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0 sats \ 0 replies \ @Solomonsatoshi 19h
Nearly all autocracies have explicitly banned MoE use of Bitcoin.
Am not aware of any that haven't.
A law banning MoE use was and I believe still is effectively in force in Thailand yet in Thailand I found a number of businesses accepting Bitcoin regardless of the ban.
(There has recently been some sandbox exceptions made in tourist hotspots but even there the merchant cannot receive Bitcoin- it is converted before the merchants receive, into fiat/baht.)
But the businesses I found were not working within these sandboxes but instead simply ignoring the law.
Some Thai businesses thus appear to demonstrate more courage (and perhaps ability to pay off local officials) than many western businesses who can technically and legally accept BTC - but cant be bothered.
We in the west take for granted our relative freedoms while those living under autocracies like Russia and Thailand may not be so complacent.
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0 sats \ 0 replies \ @0xbitcoiner 19h
There's gotta be some reason for that Russia ranking, but the part they put out doesn't even explain how that bit of the ranking is figured out.
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0 sats \ 0 replies \ @spiderman OP 13h
Bitcoin, not crypto. Many shithole countries with high inflation and unreliable banking system see the USD itself as the safe heaven, hence now they are leaning on Tether (easier than having an offshore account, obviously). That explains most of the crypto adoption in those places, not Bitcoin.
That is why I rely on BTCMap to see the adoption. Not perfect, by any means, but still at least it helps filter out the crypto noise.
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0 sats \ 1 reply \ @cryotosensei 12h
I’m in Japan right now!
I would say perhaps not in the near future. It was a heavily cash-dependent society, and I feel that it is only within these two years that credit cards are increasingly accepted by merchants. I think Bitcoin adoption will likewise take a looooong time
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0 sats \ 0 replies \ @spiderman OP 11h
I would say credit card is a bigger competitor to bitcoin than cash when it comes to payment.
Many African communities are leapfrogging to bitcoin from cash, in the absence of a reliable banking system, same way they leapfrogged from physical letters to smartphone without going through landline wired phones.
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0 sats \ 0 replies \ @lrm_btc 14h
When I first used Bitcoin, I remember thinking it felt Japanese. Maybe from the satoshi name though.
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0 sats \ 4 replies \ @Solomonsatoshi 4 Dec
Is the MoE use of Bitcoin taxed in Japan just as it is in nearly all countries that 'allow' MoE use?
Japan is after all militarily and monetarily a subservient tribute state to the USA.
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0 sats \ 3 replies \ @CliffBadger 23h
You're missing the bigger picture. If I print fiat to purchase BTC on a 0% interest loan, and that stack quadruples in price in a matter of months because everyone else who can do math is running the same exploit, then a 20% capital gains tax is immaterial.
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0 sats \ 2 replies \ @Solomonsatoshi 20h
You do not appear to even understand the meaning of MoE, and its significance.
You are thus treating Bitcoin as a speculative commodity and not as a P2P MoE.
You just fell into the sly trap the fiat debt slavery bankers cartel set for you.
Greedy Fool.
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0 sats \ 1 reply \ @CliffBadger 19h
It's not about how anyone "treats" Bitcoin. If the goal of the game is to make money, and these are the rules, then Bitcoin outperforms every other currency until the rest are worthless. Everyone with access to the money printer is incentivized to trade away the fake money for Bitcoin until eventually people notice the legacy system is a scam.
What does the treatment matter? Whether I get paid directly in Bitcoin, or I take out a loan to buy it, or I get paid in cash by a company that took out a loan, it's all sourced from credit and ending up in BTC. Also you're glossing over the fact that it's impossible to compete in the market without access to credit. It's the government's fault for issuing currency. And these loans are precisely the mechanism by which they accomplish all the central planning schemes that you think are necessary.
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0 sats \ 0 replies \ @Solomonsatoshi 19h
Moron...or Troll?
Probably both.
Either way you have no understanding of how much of a slave you are.
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0 sats \ 0 replies \ @grayruby 4 Dec
It should be considering the monetary/fiscal situation.
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