Dispatch From Guatemala’s Bitcoin Lake, A Bitcoin Community Built On Grassroots Adoption

He is one half of the Bitcoin Explorers, along with Laura, who chronicle Bitcoin adoption around the world, one country at a time.Laura and I continue our experiences in Central America with the goal of acquiring a thorough understanding of the strange characteristics of Bitcoin adoption in the very different nations there and reporting it without predisposition on our YouTube channel, “Bitcoin Explorers. When you consider that the Bitcoin Lake experiment started not even a year ago, it is remarkable how many companies and merchants are currently accepting bitcoin: a system that is much faster, much safer and less expensive than credit cards.What Is It Like To Live On Bitcoin In Bitcoin Lake?But what is it like, then, to live on bitcoin in Bitcoin Lake?Super fun!There are so lots of choices available to Bitcoin travelers. There were also those who worried, those who answered us that, right now they might not accept our transactions since the owners were not there and the bitcoin wallet was on their smart devices, those who informed us that today “Bitcoin is not working” and for that reason, they were sorry, but they might only accept cash.In short, there is whatever and more in Bitcoin Lake and it is still so early!

He is one half of the Bitcoin Explorers, along with Laura, who chronicle Bitcoin adoption around the world, one country at a time.Laura and I continue our experiences in Central America with the aim of acquiring an extensive understanding of the peculiar attributes of Bitcoin adoption in the extremely various countries there and reporting it without bias on our YouTube channel, “Bitcoin Explorers. Countries where, for that reason, adoption is not happening by decree, but exclusively through the totally free efforts of people and through the work of personal business that think in Bitcoin and develop items and services on top of its protocol.But the concern we would like to attempt to address is not the easiest one: Is bottom-up Bitcoin adoption much better than the top-down adoption thought by El Salvador President Nayib Bukele?Exploring Grassroots Bitcoin Adoption In GuatemalaTo discover the response, our most current location was Guatemala, a country that is, in some methods, extremely comparable to El Salvador. Substantial laws and policies have actually been passed in an attempt to harness the phenomenon and control it.Nonetheless, around Lake Atitlán, one of the countrys most popular traveler destinations, a small group of leaders has been organizing an alternative economy experiment in Bitcoin for about a year, along the lines of what has already been done in El Zonte by Bitcoin Beach. When you consider that the Bitcoin Lake experiment started not even a year earlier, it is excellent how many organizations and merchants are already accepting bitcoin: a system that is much faster, more secure and more affordable than credit cards.What Is It Like To Live On Bitcoin In Bitcoin Lake?But what is it like, then, to live on bitcoin in Bitcoin Lake?Super fun!There are so numerous alternatives available to Bitcoin travelers. There were likewise those who stressed, those who addressed us that, right now they could not accept our transactions since the owners were not there and the bitcoin wallet was on their smart devices, those who told us that today “Bitcoin is not working” and therefore, they were sorry, however they could only accept cash.In short, there is everything and more in Bitcoin Lake and it is still so early!