Bitcoin is for those who need it, others need time to learn: Surfin Bitcoin Panel

A panel discussion held at Surfin Bitcoin, France, illustrated that although Bitcoin works for those in need, more education is necessary.

Analysis

Bitcoin (BTC) is there for those who need it most; the rest may need time to learn. This message echoed in the casino's boardroom during a panel at Surfin Bitcoin, a Bitcoin-only conference in Biarritz, France on August 26.

Panelists Ben Perrin, a Bitcoin YouTuber; Ernesto Hernandez, Salvadoran business consultant; and Carol from the popular Brazilian Youtube channel "Area Bitcoin" touched on a tricky subject: "Capitals of the banking system around the world: inflation, censorship". Bitcoin's role in such test environments has been questioned.

Left to right: Hall, Perrin, Carol and Hernandez

The panelists unloaded experiences, evidence and anecdotes from their respective countries: Perrin from Canada, Hernandez from El Salvador and Carol from Brazil to address the topic. Hernandez, for example, was quick to illustrate that in El Salvador Bitcoin is not a silver bullet.

The small Central American country introduced the "Ley Bitcoin" in 2021, but "let's not forget that 8 out of 10 Salvadorans were unbanked", he explained. "It's a big step for people to buy a house or even buy groceries without first knowing how banking or financial services work.

Furthermore, the government-backed Chivo app has come under criticism and even attacks from