That's what they're working for, trying to earn dividends from their creation in the future. It will be a major loss if they never recoup the amount of money spent on developing the wallet app and the $100+ million offer to their adult citizens who downloaded the wallet app, and participate in the airdrop.
That's what good government is all about, they've done that to its citizen cos they have vision that crypto will become a legal tender source of investment and payment option worldwide that's why they've adopted it hoping it goes that way. Let's just hope their investment becomes fruit for them long time so others will regret why they doubted the coin's potentials.
Thank you for bringing this. This is part of the reason why some of the citizens of El Salvador are not comfortable with the country's decision to have bitcoin as a legal tender in the country. If they can only build their wallet to use lightening network , then they will not enjoy using bitcoin as payment method because the transaction can take time to complete
If you make use of Binance smart contract blockchain which is the BTC Bep2. The transactions around BTC is made run faster. You can try that you'll confirm what I'm saying.
You're right dear. This kind of intricate challenges writes majority of them off cos Of less knowledge towards understanding how to transact around crypto, unless they're lectured properly to avoid any misconception or misunderstanding transacting with Cryptocurrency, cos any mistake done will cost them losing everything that's why they're afraid too.
They are some citizens that are not quite comfortable with what is happening because of the challenges pose by bitcoin. Some of them are not literate enough to use bitcoin as a payment method and those if them that will receive it may not know how to tackle it's volatility.
Since its the government that is in support of the adoption of the coin. Don't you think it will be a popular choice around the people? They'll already won over majority of its citizens minds by airdropping the $30 worth of BTC for them when they download the wallet app. The problem they'll face is transacting as their main currency internationally. Let's see how it goes, i don't see them accepting defeat, before they made this move they've already planned for it.
Where I am seeing more threats is in the international monetary fund and the regulators in the country. If these bodies were able to use legal orders to stop this actions , then there is no way they can recover the money spent on both building the app and in the Airdrop.
El-salvador govt knows the best that's why they've prioritize such idea to make it come to fruition. This one is a long time plan, they want to see BTC adoption being a long time investment scheme for the people of El-salvador. Surely BTC will move higher, let's just suffer the bearish, time of bullish us coming, 200% is achievable in the near future.
It takes only innovative mind to make this work, and the govt of El-salvador is innovative, by looking up to the future, calculating the benefits this adoption of BTC will bring and decided to implement it as their alternative currency for both local and Intl transactions. The world is in complete support of their revolution, and many have learned from them too.
Before El-salvador's govt embarked on this journey, they've already pictured what the future holds for them, if their will be means of investment return or not. They evaluated all this before making their ambition known. I believe they'll recover their invested funds in the future when the expected becomes reality in the nature or the coins.
The country will benefit enormously cos they're the ones who own the wallet/exchanger site which they're airdropping for. They just want everyone of their adult citizens to get inline with crypto investment and being familiar with transactions that relates to BTC and others. They just want to move full-time into digital transactions and strengthen their economy through taxation from the exchange they own and other numerous.
