Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 125. (Read 37107 times)
June 09, 2021, 11:10:12 AM
This might be the beginning of a price rise from $30k to $3 million. When the others join the party imagine how big bitcoin can become. We are all going to be rich, I guess. I am excited af. This is the beginning of the end for the USD. I hope the other countries follow El Savador's steps without wasting too much time.
June 09, 2021, 09:28:24 AM
Guys, don't forget.
Before any media releases it, Jack Mallers and the President of El Salvador Nayib Bukele will be live at 11 ET / 8 PT on CNBC
We are going to share it on our social networks.
Let's all do it together, we are with El Salvador, we are all Bitcoin.
Before any media releases it, Jack Mallers and the President of El Salvador Nayib Bukele will be live at 11 ET / 8 PT on CNBC
We are going to share it on our social networks.
Let's all do it together, we are with El Salvador, we are all Bitcoin.
Quote
This morning ...
- an earnings exclusive with @UiPath CEO Daniel Dines 🤖
-Former $UBER Chief Business Officer @emilmichael joins us to talk the biggest tech headlines 🚗💨
- & @ln_strike CEO @jackmallers on El Salvador and its new #Bitcoin policy 🇸🇻
We're LIVE at 11th ET / 8th PT
https://twitter.com/CNBCTechCheck/status/1402603954375172103?s=19
- an earnings exclusive with @UiPath CEO Daniel Dines 🤖
-Former $UBER Chief Business Officer @emilmichael joins us to talk the biggest tech headlines 🚗💨
- & @ln_strike CEO @jackmallers on El Salvador and its new #Bitcoin policy 🇸🇻
We're LIVE at 11th ET / 8th PT
https://twitter.com/CNBCTechCheck/status/1402603954375172103?s=19
June 09, 2021, 09:10:10 AM
As i have heard, it’s not yet confirmed. Just rumours and i mean strong rumours are pointing this statement.
Still i am happy that Bitcoin is getting reputation as it should get.
Moreover it’s also quite complicated to know how this will happen, as we already know that Bitcoin is decentralised currency that is cannot controlled by any government, but still we will see how it ends.
Also this might help to boost up the price of BTC from now on.
Really excited to see what happens next.
It’s time to make cryptos as national assets.
Still i am happy that Bitcoin is getting reputation as it should get.
Moreover it’s also quite complicated to know how this will happen, as we already know that Bitcoin is decentralised currency that is cannot controlled by any government, but still we will see how it ends.
Also this might help to boost up the price of BTC from now on.
Really excited to see what happens next.
It’s time to make cryptos as national assets.
June 09, 2021, 08:50:13 AM
This is massive news now that the presidents bill has been passed.
I posted this a few days ago in the press section before it was passed.
So with 70% of the population being unbanked and owning a mobile phone
they now can become controllers of their finances.
A lot of ex-pats traditionally send funds home via western union etc. who take up
to 30% commission, by bypassing them and using the Bitcoin lightening network
more funds will reach the recipients in El Salvador.
They traditionally use the US Dollar which they have no controll over and while
the US print more the Dollar is devaluing, Bitcoin is an escape.
This is a pure example of how Bitcoin can help people!
I posted this a few days ago in the press section before it was passed.
So with 70% of the population being unbanked and owning a mobile phone
they now can become controllers of their finances.
A lot of ex-pats traditionally send funds home via western union etc. who take up
to 30% commission, by bypassing them and using the Bitcoin lightening network
more funds will reach the recipients in El Salvador.
They traditionally use the US Dollar which they have no controll over and while
the US print more the Dollar is devaluing, Bitcoin is an escape.
This is a pure example of how Bitcoin can help people!
June 09, 2021, 07:49:11 AM
~
For me reaching the $1xx,xxx mark is as sure as there is water at the Poles. It will happen no doubts!
As for $1M this will obviously need a few more years (maybe up to 10) but in the short to medium term we will see the fruits of $1xx,xxx-$2xx,xxx per coin, isn't that just great?? Sell high, buy low, great times to get rich!
10 years is the long term. But it can happen as fast as 5 years. You never know! There is no limit for the BTC. It can go as high as low the fiat goes
Lower fiat, higher BTC! Imagine 10 more countries adopting BTC... madness. June 09, 2021, 07:39:12 AM
~
For me reaching the $1xx,xxx mark is as sure as there is water at the Poles. It will happen no doubts!
As for $1M this will obviously need a few more years (maybe up to 10) but in the short to medium term we will see the fruits of $1xx,xxx-$2xx,xxx per coin, isn't that just great?? Sell high, buy low, great times to get rich!
June 09, 2021, 07:36:56 AM
Just a minor addition to the fact that the bill has been passed and approved: It will come into effect in 90 days time, which is an ambitious timeframe for such a large change. Being so, article 12 of the bitcoin law states that those business that cannot adapt their technological infrastructure to accepting bitcoin, will not be obliged to accept bitcoin. The state, nevertheless, will promote the necessary mechanisms to allow the population to access bitcoin TXs.
Article 12 is therefore an exit side door to escape from being forced to accept bitcoin in the given 90 day timeframe, but if all goes well, it should only be a temporary escape whilst businesses adapt.
This is a real first case scenario for an all-out countrywide bitcoin adaption, and all eyes will be on the playing ground.
See:
(approved bitcoin law – in Spanish) https://twitter.com/hashtag/LeyBitcoin?src=hashtag_click
https://www.information-age.com/el-salvador-becomes-first-country-to-adopt-bitcoin-as-legal-tender-123495550/
Article 12 is therefore an exit side door to escape from being forced to accept bitcoin in the given 90 day timeframe, but if all goes well, it should only be a temporary escape whilst businesses adapt.
This is a real first case scenario for an all-out countrywide bitcoin adaption, and all eyes will be on the playing ground.
See:
(approved bitcoin law – in Spanish) https://twitter.com/hashtag/LeyBitcoin?src=hashtag_click
https://www.information-age.com/el-salvador-becomes-first-country-to-adopt-bitcoin-as-legal-tender-123495550/
Wow!!! That was quick.
When the news about announcement from the president came, I was thinking that it will be some empty rhetoric and it may never be implemented. But I was proven wrong. They have moved very fast on this. And I guess this is the reason why Bitcoin prices have shot up by 15% during the last 24 hours. I would compare this news to the one we had last year, when PayPal became the first major payment processor to integrate Bitcoin to its platform. And I hope many more countries will follow the example set by El Salvador.
June 09, 2021, 07:36:08 AM
See:
(approved bitcoin law – in Spanish) https://twitter.com/hashtag/LeyBitcoin?src=hashtag_click
So in addition to defining bitcoin as legal tender, the law also states that the government will accept bitcoin for all taxes, confirms that bitcoin will not be subjected to any capital gains tax, and that the government are going to provide necessary training and equipment to allow everyone in the country to access bitcoin, exchange bitcoin, and transact with bitcoin. Very interestingly, Article 13 means that all already existing debts can be paid in bitcoin. So potentially people could swap to paying off mortgages, loans, cars, etc. by using bitcoin, and the banks must accept it.(approved bitcoin law – in Spanish) https://twitter.com/hashtag/LeyBitcoin?src=hashtag_click
There is no way El Salvador will be the only country to do this. Others will follow, and maybe soon. What a time for bitcoin.
June 09, 2021, 07:33:32 AM
This is a real first case scenario for an all-out countrywide bitcoin adaption, and all eyes will be on the playing ground.
See:
(approved bitcoin law – in Spanish) https://twitter.com/hashtag/LeyBitcoin?src=hashtag_click
https://www.information-age.com/el-salvador-becomes-first-country-to-adopt-bitcoin-as-legal-tender-123495550/
Here's the translations:See:
(approved bitcoin law – in Spanish) https://twitter.com/hashtag/LeyBitcoin?src=hashtag_click
https://www.information-age.com/el-salvador-becomes-first-country-to-adopt-bitcoin-as-legal-tender-123495550/
Congratulations all. Lets make this work.
Now the real challenge is for Jack Mallers and team to setup the infrastructure and make LN reach everyone and work for everyone. Blockstream and hopefully, prominent Bitcoiners will be joining in on the effort. From hereon, it is not about what El Salvador can do for Bitcoin but what Bitcoin can do for El Salvador.
June 09, 2021, 07:05:50 AM
Just a minor addition to the fact that the bill has been passed and approved: It will come into effect in 90 days time, which is an ambitious timeframe for such a large change. Being so, article 12 of the bitcoin law states that those business that cannot adapt their technological infrastructure to accepting bitcoin, will not be obliged to accept bitcoin. The state, nevertheless, will promote the necessary mechanisms to allow the population to access bitcoin TXs.
Article 12 is therefore an exit side door to escape from being forced to accept bitcoin in the given 90 day timeframe, but if all goes well, it should only be a temporary escape whilst businesses adapt.
This is a real first case scenario for an all-out countrywide bitcoin adaption, and all eyes will be on the playing ground.
See:
(approved bitcoin law – in Spanish) https://twitter.com/hashtag/LeyBitcoin?src=hashtag_click
https://www.information-age.com/el-salvador-becomes-first-country-to-adopt-bitcoin-as-legal-tender-123495550/
Article 12 is therefore an exit side door to escape from being forced to accept bitcoin in the given 90 day timeframe, but if all goes well, it should only be a temporary escape whilst businesses adapt.
This is a real first case scenario for an all-out countrywide bitcoin adaption, and all eyes will be on the playing ground.
See:
(approved bitcoin law – in Spanish) https://twitter.com/hashtag/LeyBitcoin?src=hashtag_click
https://www.information-age.com/el-salvador-becomes-first-country-to-adopt-bitcoin-as-legal-tender-123495550/
June 09, 2021, 06:37:26 AM
Amazing news but this is only the beginning for bitcoin. We have gone from nothing to a country accepting bitcoin as legal tender in 12 years, it is a real success story. I have a feeling other South American nations will follow very soon.
June 09, 2021, 06:31:07 AM
What more prove do you need? BTC will hit the $1xx,xxx mark and then the 1M! It's only a matter of time folks! Stop spending money on sh!tcoins!
@DooMAD who cares about Tesla?
I hope your hyping of the prices is true because we are going to be passing through a lot of numbers before the million dollar mark and 100k is still a pipe dream that we haven't reached yet but it doesn't matter because I will have bitcoin no matter what happens because I don't want to see it empty handed.@DooMAD who cares about Tesla?
For me reaching the $1xx,xxx mark is as sure as there is water at the Poles. It will happen no doubts!
As for $1M this will obviously need a few more years (maybe up to 10) but in the short to medium term we will see the fruits of $1xx,xxx-$2xx,xxx per coin, isn't that just great?? Sell high, buy low, great times to get rich!
June 09, 2021, 06:22:18 AM
What more prove do you need? BTC will hit the $1xx,xxx mark and then the 1M! It's only a matter of time folks! Stop spending money on sh!tcoins!
@DooMAD who cares about Tesla?
I hope your hyping of the prices is true because we are going to be passing through a lot of numbers before the million dollar mark and 100k is still a pipe dream that we haven't reached yet but it doesn't matter because I will have bitcoin no matter what happens because I don't want to see it empty handed. @DooMAD who cares about Tesla?
June 09, 2021, 05:48:27 AM
That's is great news. El Salvador citizens are the world's most special people right now. Being able to use the ultimate currency and the store of value asset as the national currency is something I am jelly of.
I've done some research and I found out that El Salvador is a great country. That decision makes me want to become an El Salvador citizen. <3 El Salvador.
You did great comrades, you made Che Guevara proud.
I've done some research and I found out that El Salvador is a great country. That decision makes me want to become an El Salvador citizen. <3 El Salvador.
You did great comrades, you made Che Guevara proud.
June 09, 2021, 05:45:06 AM
What more prove do you need? BTC will hit the $1xx,xxx mark and then the 1M! It's only a matter of time folks! Stop spending money on sh!tcoins!
@DooMAD who cares about Tesla?
@DooMAD who cares about Tesla?
June 09, 2021, 05:27:05 AM
I guess that's official, then. Multiple sources reporting it has passed. We'll see if there's a snowball effect and whether this changes any paradigms. Well done, El Salvador!
Do Tesla have any dealerships in El Salvador? If so, they might have to accept BTC there whether they like it or not, heh.
This is now a great news for bitcoin despite of the banning of bitcoin in China and the cancellation of Tesla to bitcoin as a mode of payment.
Do Tesla have any dealerships in El Salvador? If so, they might have to accept BTC there whether they like it or not, heh.
June 09, 2021, 04:30:14 AM
The formulation of the bill and the discussion in the El Salvador congress does seem to be coming along.
Guy Swan just read the latest draft of the bill in his podcast.. so we can hear some of the details of what the bill says (for those of us who either do not like to read or would prefer to hear it read out loud).
Here's a link to Guy Swan's reading of the bill and some comment from him, too (its about 12 and a half minutes in length).
Bitcoin Audible: Bitcoin Law - The El Salvador Legal Tender Bill
Guy Swan just read the latest draft of the bill in his podcast.. so we can hear some of the details of what the bill says (for those of us who either do not like to read or would prefer to hear it read out loud).
Here's a link to Guy Swan's reading of the bill and some comment from him, too (its about 12 and a half minutes in length).
Bitcoin Audible: Bitcoin Law - The El Salvador Legal Tender Bill
June 09, 2021, 04:28:43 AM
Japan has already legalized Bitcoin, even according to a friend of mine who lives there. Lots of merchants accept Bitcoin payments,
even in Japan there are also Bitcoin ATM machines. That's because the Japanese government supports Bitcoin, then now there is good
news from El Salvador being the first country to use Bitcoin as a legal tender. This is good news that can encourage other countries to do
the same. Hopefully in the near future there will be more countries that legalize Bitcoin, at least that's the hope of the crypto community.
I do hope that this countries will serve as an example to other countries who were still not open minded in the legal adoption of bitcoin to be legally circulating in their economy. This is now a great news for bitcoin despite of the banning of bitcoin in China and the cancellation of Tesla to bitcoin as a mode of payment. Despite of all bad circumstances of bitcoin I believe that there are other country that sees the worth and value of bitcoin. And I hope one of these days our country will adopt it too legally.
June 09, 2021, 02:41:58 AM
El salvador will become the new history of bitcoin. After 10,000 bitcoin pizza known by people, now El salvador will be known as the first country to accept bitcoin legal tender. Congratulations!
June 09, 2021, 01:57:36 AM
Bravo! El Salvador has made history looking for its future with bitcoin!
Guys, Pay attention in a few hours Jack Mallers and Nayib Bukele will be interviewed on CNBC where they will explain all the details as Bitcoin will change the lives of the inhabitants of El Salvador.
This is happening and it seems so incredible!
Wow! Impressive! ❤️ Bitcoin
Quote
The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress.
62 out of 84 votes!
History! #Btc🇸🇻
https://twitter.com/nayibbukele/status/1402507224916836352?s=19
El Salvador’s newspaper today. History has been made. #Bitcoin
https://twitter.com/DocumentingBTC/status/1402507721195282432?s=19
62 out of 84 votes!
History! #Btc🇸🇻
https://twitter.com/nayibbukele/status/1402507224916836352?s=19
El Salvador’s newspaper today. History has been made. #Bitcoin
https://twitter.com/DocumentingBTC/status/1402507721195282432?s=19
Guys, Pay attention in a few hours Jack Mallers and Nayib Bukele will be interviewed on CNBC where they will explain all the details as Bitcoin will change the lives of the inhabitants of El Salvador.
This is happening and it seems so incredible!
Wow! Impressive! ❤️ Bitcoin
Quote
Congratulations, @nayibbukele.
Congratulations, El Salvador 🇸🇻.
Congratulations, #Bitcoin.
One small step for #Bitcoin, One giant leap for mankind.
I will be on @CNBCTechCheck tomorrow morning at 11:30 am ET to discuss it all.
See you there.
https://twitter.com/jackmallers/status/1402500978662952964?s=19
Congratulations, El Salvador 🇸🇻.
Congratulations, #Bitcoin.
One small step for #Bitcoin, One giant leap for mankind.
I will be on @CNBCTechCheck tomorrow morning at 11:30 am ET to discuss it all.
See you there.
https://twitter.com/jackmallers/status/1402500978662952964?s=19
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