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Recently I spent some time in Guatemala.
Beyond the amazing people and nature I experienced, it was a pleasant surprise to see so much bitcoin action taking place all throughout the country. I suppose it shouldn't come as too much of a surprise given that the country neighbors El Salvador...
No amount of data online can speak to the reality of bitcoin adoption like seeing it firsthand. It's evidence like this that intensely bolsters my confidence in the bitcoin thesis; evidence that suits entrenched in Tradfi will simply never see or give credit to, until their valet driver is asking for bitcoin too.
It's interesting to note that, contrary to the reality that skeptics and naysayers like to present, bitcoin is not destined for the wealthy few. In my life I've found there to be a negative correlation between affluence and bitcoin presence: the wealthier a place is, the less I see bitcoin.
It's particularly obvious comparing bitcoin presence in Central America to North America. In the US I long to stumble across just one business that openly promotes and accepts bitcoin. In Guatemala, it was hard not to notice businesses welcoming it. Within Guatemala alone, too, I noticed much greater bitcoin presence in the outskirts than I did in the country's bustling cultural hub, Antigua. Though it was still there, it served as a small domestic example that speaks to the greater discrepancy I see internationally.
Talking to locals there only solidifies the trend I'm seeing. On multiple accounts, I was told that basically everyone accepts bitcoin there, whether they have a sign for it or not. The country is very warm towards bitcoin, in stark contrast to the US, where having it all usually breeds pride and coldness towards anything that dares to challenge a lifetime's worth of coddled worldview...sad!
I absolutely have to get back to Central America. El Salvador is obviously high on my list, but I would love to hear recommendations of where else to go, and how you've experience bitcoin while there!
their valet driver is asking for bitcoin too.
I liked this phrase. Well turned.
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43 sats \ 1 reply \ @Diego 30 Mar
Great to see. Was not aware that btc was adopted so widely in Guatemala. Are things prices on sats or loca currency/USD?
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Still in local currency from what I saw.
SoV ✅ MoE ✅ UoA ⏳
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always nice to see reports like this of btc adoption and progress irl and not just from the corporate stuff
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and a great breath of fresh air to experience it in person :)
Too much focus on the big names I agree...just posted about this
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How is the government and economy of Guatemala? What were the steps or the movement that made this adoption so significant? I like to analyze this data to think about solutions for my reality and my country.
It’s beautiful to see all these Bitcoin signs and stickers scattered among the advertisements we’re used to seeing every day.
From the little I have learned in my short time with Bitcoin, it is power for everyone, especially for the poorest, who are robbed by inflation.
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It certainly is power to the people!
I really dont know much about the state of Guatemala's government/economy, all I can tell from my time there is that organic adoption is catching on like fire in the wind
Like many places around the world, it seems to me that places without robust financial infrastructure come around to bitcoin more quickly, as it sidesteps a lot of the unnecessary friction that our archaic "modern" systems rely on. It's kinda like water naturally flowing to the easiest path available.
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This natural adoption is great, and having it grow organically is even better for grassroots adoption.
I asked about the economy because I’ve been in contact with many people from economically struggling countries or places burdened with excessive taxes. Here, the banking system is modern, and we have a fiat payment system that resembles Lightning in speed and simplicity. I don’t see this as a barrier—rather, it helps explain that it’s a similar system but with a different currency.
Anyway, it makes me really happy to see these images and know that adoption is spreading.
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33 sats \ 1 reply \ @Akg10s3 30 Mar
Nobody can stop Bitcoin! ⚡⚡
By the way, I loved the photo📸... you can definitely post it in photography territory 📸⚡
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duly noted!
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