Thread by @ScottAWolfe

1/ You may recently have seen the @60Minutes feature below about @Bitcoinbeach and the #ElSalvador government @AsambleaSV's adoption of #Bitcoin as legal tender for the country. This is just the tip of a much, much bigger global movement. 🧵

cbsnews.com/news/bitcoin-b…

2/ The adoption of #Bitcoin as legal tender, alongside the $USD, has been part of a much larger program of social and economic development ushered in by President @nayibbukele and @AsambleaSV. As a result, #ElSalvador's GDP grew by 10.3% in 2021 and this is expected to continue.

3/ Growth of the #ElSalvador economy, sparked by a #Bitcoin-connected vision and platform, is leading to major investments in physical infrastructure and social capital throughout the country that will help the country achieve sustainable growth well into the future.

4/ But @Bitcoinbeach and #ElSalvador's greatest achievement to date is the shining example and affirmation they have provided to other jurisdictions and communities around the world that are putting #Bitcoin at the heart of social and economic development efforts.

5/ Following closely behind #ElSalvador, several other jurisdictions -- Lugano (Switzerland), Roatán (Honduras) and Madeira (Portugal) -- have made #Bitcoin a local currency and Mexico is preparing to introduce national Bitcoin legal tender legislation.

https://twitter.com/Cointelegraph/status/1512516885270745092?s=20&t=Odn_C8f3TEMsB2qyMq3oNA

6/ Beyond this, however, hundreds of local communities like @Bitcoinbeach are emerging around the world, putting #Bitcoin at the centre of a local circular economy and socio-economic development vision that builds hope and opportunity from the grassroots up.

7/ One example, which has some remarkable similarities to @Bitcoinbeach is the @BitcoinEkasi initiative and its social & community enterprises in Mossel Bay, South Africa. You can learn more thanks to this incredible @progressivebtcr podcast interview.

https://twitter.com/progressivebtcr/status/1511793710614421505?s=20&t=Odn_C8f3TEMsB2qyMq3oNA

8/ A few other local #Bitcoin community initiatives and circular economies to learn about are @LakeBitcoin (Guatemala), @BitcoinJungleCR (Costa Rica), @Novos_Rurais (Portugal), and @BitcoinBeachBR (Brazil). Examples like these are growing in number and size, globally, each month.

9/ As @gladstein @HRF remind us, #Bitcoin adoption and use cases around the world continue to grow exponentially because only a very small portion of the world's 7.9 billion inhabitants have financial privilege common in countries of the global North.

https://twitter.com/HRF/status/1512488123430756363?s=20&t=Odn_C8f3TEMsB2qyMq3oNA

10/ And still, even within countries of the more affluent global North, many groups face historical and systemic exclusion from economic opportunity. That's why groups like @BlkBTCBillions are bringing #Bitcoin education and adoption to historically marginalized communities.

11/ Global adoption of #Bitcoin is very closely tracing the adoption curve of other major technologies like the internet and mobile phones, and we are still very early -- roughly where global internet adoption was in the early 1990s.

https://twitter.com/TimmerFidelity/status/1494432588131414022?s=20&t=Odn_C8f3TEMsB2qyMq3oNA

12/ So, as you read or see news and curiosity pieces about #Bitcoin adoption, many of which ridicule and misrepresent Bitcoin...zoom out. Consider what the world of the early internet looked like, in the early 1990s compared to now. Need a reminder? [END]

https://twitter.com/NeilJacobs/status/1413510606133493766?s=20&t=Odn_C8f3TEMsB2qyMq3oNA