Good news for the Bitcoin community, I also saw this news on TCR. This will add more decentralization level for Bitcoin network, according to Helgi Library data, as of 2020 there were around 1,530,000 households in El Salvador, which means the addition of 1,530,000 Bitcoin nodes regardless of whether this becomes a necessity or not, but I agree with @apogio's opinion that this it will just be voluntary, because that sounds more reasonable.
Source:
1. https://www.thecoinrepublic.com/2025/01/15/el-salvador-plans-bitcoin-nodes-in-every-home-bold-move-or-illusion
2. https://www.helgilibrary.com/indicators/number-of-households/el-salvador
Topic: Bitcoin node at every home (Read 46 times)
I just saw in a news on Telegram that President Nayib Bukele of El Salvador just announced plans to set up a Bitcoin node in every home.
El Salvador under Bukele does take bitcoin adoption to next level. Now part of daily life, what a bold declaration.
It is only a noisy plan from him, to catch more attention from the world to El Salvador.El Salvador under Bukele does take bitcoin adoption to next level. Now part of daily life, what a bold declaration.
Bitcoin network needs more hashrate from Bitcoin miners and more Bitcoin nodes from both Bitcoin mining pools, Bitcoin miners, and Bitcoin users. If people understand helpfulness of a Bitcoin full node, they will run their own full node.
Guides to run a Bitcoin full node are needed.
[Guide] How to run a Bitcoin Core full node for under 50 bucks!
Asking, Don't you require electricity to run a node? Asking about profits is not actually bad specifically for those who do not tolerate Bitcoin, sure there are critics and those who wouldn't even with profits attempt to run nodes.
I assume that it won't be mandatory, but rather voluntary. I suppose the government will pay for the instalment.
Yes, the nodes require electricity, but depending on the hardware (of course), the cost of an average node is not easily noticeable on the electricity bill.
Is it a mandatory offer or basically optional?
It's a great move from the government, if majority countries can take steps like this, i believe it will be easier for investors and the community, the more privacy and decentralized we can become.
It doesn't have to bring profit.
It literally costs nothing to run a node, but it's super important for all of us. Essentially nodes are for Bitcoin, what lungs are for the human body. Vitally important!
Asking, Don't you require electricity to run a node? Asking about profits is not actually bad specifically for those who do not tolerate Bitcoin, sure there are critics and those who wouldn't even with profits attempt to run nodes.
It's a great move from the government, if majority countries can take steps like this, i believe it will be easier for investors and the community, the more privacy and decentralized we can become.
Now setting up bitcoin node at every home in El-Salvador is another bold move I would say. Because that wouldn't bring in any profit to its citizens. There's no revenue from the node. So I am sure this decision is also going to be highly criticized.
It doesn't have to bring profit.
It literally costs nothing to run a node, but it's super important for all of us. Essentially nodes are for Bitcoin, what lungs are for the human body. Vitally important!
Now setting up bitcoin node at every home in El-Salvador is another bold move I would say. Because that wouldn't bring in any profit to its citizens. There's no revenue from the node. So I am sure this decision is also going to be highly criticized.
It doesn't have to bring profit.
It literally costs nothing to run a node, but it's super important for all of us. Essentially nodes are for Bitcoin, what lungs are for the human body. Vitally important!
El-Salvador is moving towards the goal. Kuddos to that! It was fairly criticized by their own citizens at the beginning but if we look at it now, it was a great decision!
Now setting up bitcoin node at every home in El-Salvador is another bold move I would say. Because that wouldn't bring in any profit to its citizens. There's no revenue from the node. So I am sure this decision is also going to be highly criticized.
Now setting up bitcoin node at every home in El-Salvador is another bold move I would say. Because that wouldn't bring in any profit to its citizens. There's no revenue from the node. So I am sure this decision is also going to be highly criticized.
I just saw in a news on Telegram that President Nayib Bukele of El Salvador just announced plans to set up a Bitcoin node in every home.
El Salvador under Bukele does take bitcoin adoption to next level. Now part of daily life, what a bold declaration.
El Salvador has already made significant strides in Bitcoin adoption, from making it a legal tender to systematically purchasing Bitcoin to reduce national debt. With favourable regulations and crypto friendly policies the country has positioned itself as home to crypto firms like Bitfinex and Tether recently announcing moving in.
By decentralizing financial services, El Salvador hopes to reduce its reliance on centralized financial institutions and foster economic autonomy among its citizens.
This move is a very bold one as the country continues to push the boundaries of bitcoin adoption, it will be interesting to see how this initiative unfolds and what impact it will have on the global crypto economy.
It’s just a declaration until it is done! We are still waiting for the bitcoin city at the base of the conchagua volcano.
El Salvador under Bukele does take bitcoin adoption to next level. Now part of daily life, what a bold declaration.
Quote
Building this infrastructure will not only strengthen Bitcoin’s decentralized network but also let citizens actively participate in the global crypto economy. We’re witnessing the blockchain becoming a key part of the country’s economy.
El Salvador has already made significant strides in Bitcoin adoption, from making it a legal tender to systematically purchasing Bitcoin to reduce national debt. With favourable regulations and crypto friendly policies the country has positioned itself as home to crypto firms like Bitfinex and Tether recently announcing moving in.
By decentralizing financial services, El Salvador hopes to reduce its reliance on centralized financial institutions and foster economic autonomy among its citizens.
This move is a very bold one as the country continues to push the boundaries of bitcoin adoption, it will be interesting to see how this initiative unfolds and what impact it will have on the global crypto economy.
It’s just a declaration until it is done! We are still waiting for the bitcoin city at the base of the conchagua volcano.
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