The grassroots Mi Primer Bitcoin, meaning “My First Bitcoin,” program has picked up steam in El Salvador. The first cohort of Bitcoiner-come-students began studies in May. Founded by John Dennehy, an American activist and journalist, the program also has the support of the Salvadoran government.
El Salvador’s first #Bitcoin diploma program launched with the support of its Ministry of Education pic.twitter.com/ajIHPHzqap
— Bitcoin Magazine (@BitcoinMagazine) May 2, 2022
Cointelegraph spoke with Dennehy and Gilberto Motto, El Salvador’s director of education, to delve into the country’s struggles and successes in Bitcoin (BTC) education and to understand the rate at which it is spreading among the land of volcanoes.
The genesis block
When El Salvador adopted Bitcoin as legal tender on June 8, 2021, very few Salvadorans besides President Nayib Bukele could explain concepts like seed phrases, satoshis or mining. There was “Bitcoin Beach,” the name donned to the sleepy surf town El Zonte, the birthplace of Bitcoin adoption in El Salvador.
But the 3,000 local residents would have their work cut out to teach the remaining 6 million population. Indeed, Salvadorans would require hundreds of hours of training, learning and “orange-pilling” to be able to save and transact in Bitcoin.
A mammoth task loomed for the Salvadoran government. Motto told Cointelegraph that as per Article 6 of the Bitcoin Law, “The State will provide training on the use of this cryptocurrency.” However, what would that training look like? How could the state rapidly and effectively introduce Bitcoin classes when they themselves would also have to get to grips with new money?
All the while, Bitcoiners, commentators and the mainstream media watched as the El Salvador experiment played out. Dennehy, who had spent the past living and working in Latin America, told Cointelegraph that upon the law’s announcement, he had to get to the country as soon as possible:
“I knew that I wanted to do something to help make sure that it worked out, that it was a success here.”
Dennehy had been “predisposed to the separation of money and state” for some time, and upon first learning of Satoshi Nakamoto’s innovation, while living in Ecuador in 2013, he became a fervent Bitcoiner. He jokes that as per most “OG” Bitcoiners’ experiences, the first exchange he bought BTC from…
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