Tuesday, 7 September 2021

Showerthought: using law to coerce people to use Bitcoin could be a tactic to generate bad PR for Bitcoin by turning the public against it

Case in point here is El Salvador.

It would be easy to whip up public sentiment against Bitcoin with the way that BTC is being introduced there.

Public sentiment on Bitcoin has already been spiked with arguments around energy usage (which have some merit with the way BTC capacity has been crippled).

I bet governments and banks would love to claim Bitcoin was tried but rejected as currency.

I hope the El Salvador government, if it's serious about making this a success, does not prosecute its people for this badly conceived piece of legislation, and instead offers more economic freedom to them.

submitted by /u/sanch_o_panza
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source https://www.reddit.com/r/btc/comments/pj61sc/showerthought_using_law_to_coerce_people_to_use/

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