During the last few days these kids were learning about the reasons why Bitcoin is so necessary in our daily lives and they also learned how to create transactions through the Lightning Network
Source and Video link: https://x.com/rodriwins17/status/1768773560321945629
Take a look at how beautifully young children are taught about Bitcoin transactions. I'm really surprised that such a young kid has so much interest in completing transactions about Bitcoin. There are many kids teaching them about bitcoin transactions through big projectors, this type of education from young will give the next generation a great education about bitcoin. I like this type of education very much.
Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 14. (Read 38876 times)
March 21, 2024, 03:59:50 AM
March 20, 2024, 10:35:20 PM
,,,//:::
...//:::Even though the budgets of governments are in a different category from individuals and institutions, I personally believe that there are ways to make reasonable comparisons, including that from my view if a government were able to establish a bitcoin reserves that is valued at 10X to 12x its annual revenues, then it has effectively reached fuck you status on the government level..and pretty much could fund all of its expenditures of its annual budget from its bitcoin holdings to the extent that it would want to maintain the same level of spending and to completely rely upon its bitcoin holdings to fund such spending... or they could just end up doubling their spending based on the size of their BTC holdings and living off the passive income from such.. as I discuss in my sustainable withdrawal thread. Of course, there probably would be desires to expand such a governmental system if they were to become sovereign and solvent to such levels and including that they might feel needs to advance and/or increase their military since they could well become a target of other nation actors.
March 20, 2024, 08:10:20 PM
,,,//:::
...//:::Wait, it's a government, so its bitcoins serve as payment credit, only for now no one lends money in bitcoin reserves, it's about gold or other resources, that's why "things" are needed
March 20, 2024, 03:32:40 PM
NEW: “🇸🇻 El Salvador will be able to pay off the IMF if #Bitcoin hits 💵 $100K, and never have to talk to them again.
Details
They’ll probably be the most attractive country in the world to go live, just because they embraced #Bitcoin ,” says billionaire Tim Draper.
I think most of El Salvador's success at the moment has been due to its adoption of Bitcoin. Big people have commented on the future of the country of El Salvador that is very good, because all debts can be paid with this bitcoin. At present around 40% is still profit from each bitcoin,
so more profit will be more patient if more profit is possible.
Details
They’ll probably be the most attractive country in the world to go live, just because they embraced #Bitcoin ,” says billionaire Tim Draper.
I think most of El Salvador's success at the moment has been due to its adoption of Bitcoin. Big people have commented on the future of the country of El Salvador that is very good, because all debts can be paid with this bitcoin. At present around 40% is still profit from each bitcoin,
so more profit will be more patient if more profit is possible.
El Salvador has less than 6k bitcoin which is less than $400million, and it's annual revenues are around $7 billion, so the amount of their BTC holdings is less than 6% of their annual revenues, so really the size of their BTC stash is pretty whimpy..
In recent times, I am thinking that in bitcoin it takes 10-12 years of annual revenues in order to get to fuck you status, whether we are talking about individuals, institutions or governments, so they have quite a ways to go.. and yeah, if they get bitcoin up to 1 year of their annual revenues, then if BTC did a 10x or a 12x, then they would be at fuck you status, except they need to measure value from the 200-WMA, and not from spot price, especially since they would not be selling all of their BTC and buying dollars with them. .. that would be a waste of time.
The 200-WMA moves up slowly, so El Salvador is barely in profits if we use the 200-WMA. .and also only around 3% of the size of their annual revenue invested in bitcoin, even after about 2.5 years buying, acquiring and holding bitcoin.
March 20, 2024, 12:50:18 PM
El Salvador moved more than 5,000 BTC to a cold storage wallet worth about $400 million dollars.
It's a surprise, look at the Bitcoin he kept it was only half of the predictions that were widely written in the media. Nayib Bukele's description is not all, this means that there is still a lot he keeps. Maybe some Bitcoin don't store in this cold wallet they will sell for state development operations. Although this evidence may not be 100% certain, but I think he is not lying.
March 20, 2024, 10:24:26 AM
I think most of El Salvador's success at the moment has been due to its adoption of Bitcoin. Big people have commented on the future of the country of El Salvador that is very good, because all debts can be paid with this bitcoin. At present around 40% is still profit from each bitcoin,
so more profit will be more patient if more profit is possible.
For me, the most potent policy of El Salvador was to reduce crime in the country. The current Haiti gang violence is a typical example of what was happening in El Salvador before the government of Nayid Bukele took over. Violent gangs were in control of the country before he took over. so more profit will be more patient if more profit is possible.
Without peace, no investor will consider putting money in the country. Citizenship by investment policy would never be attractive if the country was not safe. The country has experienced an increase in the rate of foreign tourists thanks to the crackdown on violent gangs. We are hoping that Bitcoin will reach the $100k mark but it seems that El Salvador will not be selling its Bitcoin holding anytime soon. The country will seek other means of fulfilling its financial obligations to the IMF.
March 20, 2024, 07:42:53 AM
El Salvador moved more than 5,000 BTC to a cold storage wallet worth about $400 million dollars.
It's a surprise, look at the Bitcoin he kept it was only half of the predictions that were widely written in the media. Nayib Bukele's description is not all, this means that there is still a lot he keeps. Maybe some Bitcoin don't store in this cold wallet they will sell for state development operations. Although this evidence may not be 100% certain, but I think he is not lying.
Bitcoin is one of their greatest assets, so expect to see more of this, and i wont like the situation whereby people will be seeing this on a contrary opinion that the president is doping all of these for his own benefits, this is more centered on the way or means in moving the country economy forward, they keep holding an and continue investing which is what an average bitcoiner should learn to do, with time they are going to see the missive reward and benefits of all these in action.
March 20, 2024, 02:47:35 AM
NEW: “🇸🇻 El Salvador will be able to pay off the IMF if #Bitcoin hits 💵 $100K, and never have to talk to them again.
Details
They’ll probably be the most attractive country in the world to go live, just because they embraced #Bitcoin ,” says billionaire Tim Draper.
I think most of El Salvador's success at the moment has been due to its adoption of Bitcoin. Big people have commented on the future of the country of El Salvador that is very good, because all debts can be paid with this bitcoin. At present around 40% is still profit from each bitcoin,
so more profit will be more patient if more profit is possible.
Details
They’ll probably be the most attractive country in the world to go live, just because they embraced #Bitcoin ,” says billionaire Tim Draper.
I think most of El Salvador's success at the moment has been due to its adoption of Bitcoin. Big people have commented on the future of the country of El Salvador that is very good, because all debts can be paid with this bitcoin. At present around 40% is still profit from each bitcoin,
so more profit will be more patient if more profit is possible.
March 19, 2024, 05:29:44 PM
El Salvador’s Bitcoin wallet continues to receive BTC donations (green below), with nearly 200 donations so far. Yellow highlights show @nayibbukele ‘s daily 1 Bitcoin purchases.
Source Link
Source Link
March 18, 2024, 10:10:33 PM
El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC ‘Becomes Unaffordable’ With Fiat Currencies, Says President Bukele
El Salvador has been buying one bitcoin a day since 2022, according to President Nayib Bukele, who confirmed that his country’s “1 bitcoin a day program” will continue until the cryptocurrency “becomes unaffordable with fiat currencies.” The bitcoins acquired from El Salvador’s daily purchases are also deposited into the same wallet address used for the [
Source Link: https://www.tradingview.com/news/bitcoin_com:aedb8503e094b:0-el-salvador-will-keep-buying-1-bitcoin-daily-until-btc-becomes-unaffordable-with-fiat-currencies-says-president-bukele/
The announcement was made that El Salvador will buy 1 a day from November 18, 2022, and we've seen it updated regularly on social media. Nayib Bukele is keeping the promises he made, and we already know that one bitcoin is bought every day in El Salvador, which will continue for Salvador. Moreover, the President also stated that until Bitcoin becomes unaffordable with fiat currency, they will continue to buy 1 Bitcoin per day. And the step they took and the purchase of this Bitcoin of Salvador is only for the improvement of their country and a big economic help for the country. Maybe the President of El Salvador took this step. Moreover, another post has been shared on social media where Nayib Bukele has said that the bitcoins received from the address will be kept in a new cold wallet.El Salvador has been buying one bitcoin a day since 2022, according to President Nayib Bukele, who confirmed that his country’s “1 bitcoin a day program” will continue until the cryptocurrency “becomes unaffordable with fiat currencies.” The bitcoins acquired from El Salvador’s daily purchases are also deposited into the same wallet address used for the [
Source Link: https://www.tradingview.com/news/bitcoin_com:aedb8503e094b:0-el-salvador-will-keep-buying-1-bitcoin-daily-until-btc-becomes-unaffordable-with-fiat-currencies-says-president-bukele/
https://twitter.com/nayibbukele/status/1768425845163503738?t=l8PIeebgnC6trGmah_uQYg&s=19
March 17, 2024, 10:31:55 PM
The current state of El Salvador's government is only buying and hoarding bitcoins, since 2021 they have been hoarding all the bitcoins they buy but in a stronger wallet than they are now. Nayib Bukele decided not to sell bitcoins, all bitcoins have a profit ratio of 45%-56% according to the average price of bitcoins. So more benefits will be gained by depositing bitcoins in longer term, it is possible to gain more benefits in 2025.
Nayib Bukele has really become a very smart person in this matter and also in terms of governing within the country of El Salvador. This is certainly quite amazing and everyone seems to have to admit that because up to now El Salvador is still a Bitcoin hoarding country through Nayib Bukele's government which continues to organize the country very well. I also think that they will continue to be profitable in 2025 if Bitcoin price increases continue on a faster scale after this year.
March 17, 2024, 11:42:14 AM
The current state of El Salvador's government is only buying and hoarding bitcoins, since 2021 they have been hoarding all the bitcoins they buy but in a stronger wallet than they are now. Nayib Bukele decided not to sell bitcoins, all bitcoins have a profit ratio of 45%-56% according to the average price of bitcoins. So more benefits will be gained by depositing bitcoins in longer term, it is possible to gain more benefits in 2025.
Nayib Bukele has really become a very smart person in this matter and also in terms of governing within the country of El Salvador. This is certainly quite amazing and everyone seems to have to admit that because up to now El Salvador is still a Bitcoin hoarding country through Nayib Bukele's government which continues to organize the country very well. I also think that they will continue to be profitable in 2025 if Bitcoin price increases continue on a faster scale after this year. March 17, 2024, 11:23:27 AM
El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC ‘Becomes Unaffordable’ With Fiat Currencies, Says President Bukele
El Salvador has been buying one bitcoin a day since 2022, according to President Nayib Bukele, who confirmed that his country’s “1 bitcoin a day program” will continue until the cryptocurrency “becomes unaffordable with fiat currencies.” The bitcoins acquired from El Salvador’s daily purchases are also deposited into the same wallet address used for the [
Source Link: https://www.tradingview.com/news/bitcoin_com:aedb8503e094b:0-el-salvador-will-keep-buying-1-bitcoin-daily-until-btc-becomes-unaffordable-with-fiat-currencies-says-president-bukele/
El Salvador has been buying one bitcoin a day since 2022, according to President Nayib Bukele, who confirmed that his country’s “1 bitcoin a day program” will continue until the cryptocurrency “becomes unaffordable with fiat currencies.” The bitcoins acquired from El Salvador’s daily purchases are also deposited into the same wallet address used for the [
Source Link: https://www.tradingview.com/news/bitcoin_com:aedb8503e094b:0-el-salvador-will-keep-buying-1-bitcoin-daily-until-btc-becomes-unaffordable-with-fiat-currencies-says-president-bukele/
March 17, 2024, 11:01:46 AM
El Salvador moved more than 5,000 BTC to a cold storage wallet worth about $400 million dollars.
It's a surprise, look at the Bitcoin he kept it was only half of the predictions that were widely written in the media. Nayib Bukele's description is not all, this means that there is still a lot he keeps. Maybe some Bitcoin don't store in this cold wallet they will sell for state development operations. Although this evidence may not be 100% certain, but I think he is not lying.
March 17, 2024, 10:52:28 AM
El Salvador's President Naib Buquel has said his country will continue to buy 1 bitcoin a day until the price of bitcoin becomes 'unaffordable' with fiat currency.
El Salvador set a unique precedent in the world by being the first country to accept Bitcoin as legal tender. After adopting Bitcoin as legal tender, El Salvador announced in 2022 that El Salvador would purchase one Bitcoin per day. They have continued with their Bitcoin purchases until now. El Salvador's President Naib Buquel recently confirmed that his country's program to buy one bitcoin a day will continue until the price of bitcoin becomes unaffordable with fiat currency.
The President of El Salvador, Naib Bookel, shared another new update on El Salvador's program to buy one bitcoin per day on his social media platform Twitter.
https://news.bitcoin.com/el-salvador-will-keep-buying-1-bitcoin-daily-until-btc-becomes-unaffordable-with-fiat-currencies-says-president-bukele/
El Salvador set a unique precedent in the world by being the first country to accept Bitcoin as legal tender. After adopting Bitcoin as legal tender, El Salvador announced in 2022 that El Salvador would purchase one Bitcoin per day. They have continued with their Bitcoin purchases until now. El Salvador's President Naib Buquel recently confirmed that his country's program to buy one bitcoin a day will continue until the price of bitcoin becomes unaffordable with fiat currency.
The President of El Salvador, Naib Bookel, shared another new update on El Salvador's program to buy one bitcoin per day on his social media platform Twitter.
https://news.bitcoin.com/el-salvador-will-keep-buying-1-bitcoin-daily-until-btc-becomes-unaffordable-with-fiat-currencies-says-president-bukele/
March 17, 2024, 09:50:12 AM
when you bet country budget +50% is a jackpot already. Last time i've checked the price (2 days ago) it was around ath so i do not care here about what's going on right now.
The current state of El Salvador's government is only buying and hoarding bitcoins, since 2021 they have been hoarding all the bitcoins they buy but in a stronger wallet than they are now. Nayib Bukele decided not to sell bitcoins, all bitcoins have a profit ratio of 45%-56% according to the average price of bitcoins. So more benefits will be gained by depositing bitcoins in longer term, it is possible to gain more benefits in 2025.You do realize that the term "hoarding" has a negative connotation? If someone (or even an institution or a government) buys bitcoin and chooses to save it rather than spending it, then yeah that could be be called hoarding, but it is not really fair to use such a term, since saving bitcoin is a legitimate use of it.
The term hoarding suggests that there would be some requirement that they spend it, which truly is not necessarily the case without some further explanation in regards to what you might mean.
It could be true that some people, institutions and/or governments might have obligations to spend some of their money, but it is not necessarily the case that they would have to spend a certain kind of money prior to another kind of money, and actually since bitcoin is the most sound of monies known to man, it may well be the case that it is the responsibility of anyone who has to spend money to spend their less valuable monies first... which would be to spend all other monies prior to spending bitcoin, and that truly makes more sense than suggesting that anyone would be wise to spend their bitcoin first.. unless they were engaging in some kind of spend and replace practice.
March 17, 2024, 08:35:49 AM
when you bet country budget +50% is a jackpot already. Last time i've checked the price (2 days ago) it was around ath so i do not care here about what's going on right now.
The current state of El Salvador's government is only buying and hoarding bitcoins, since 2021 they have been hoarding all the bitcoins they buy but in a stronger wallet than they are now. Nayib Bukele decided not to sell bitcoins, all bitcoins have a profit ratio of 45%-56% according to the average price of bitcoins. So more benefits will be gained by depositing bitcoins in longer term, it is possible to gain more benefits in 2025.
March 16, 2024, 10:58:03 PM
El Salvador moved more than 5,000 BTC to a cold storage wallet worth about $400 million dollars.
It's a surprise, look at the Bitcoin he kept it was only half of the predictions that were widely written in the media. Nayib Bukele's description is not all, this means that there is still a lot he keeps. Maybe some Bitcoin don't store in this cold wallet they will sell for state development operations. Although this evidence may not be 100% certain, but I think he is not lying.
March 16, 2024, 10:03:18 PM
El Salvador is about to approve a new law lowering tax rates. This can lead to foreign direct investment in the country, job creation and economic expansion. I think there are some risks and challenges in the bold steps they are taking. Lowering the income tax rate may reduce government revenue. In many cases, income inequality may be exacerbated, as the wealthy benefit more from tax cuts than low-income individuals.
Lowering the income tax rate could be a strategic move by El Salvador to attract global investment. The key challenge now is whether this move can sustain the economy long-term in the future.
Source
The new law that El Salvador is going to approve to reduce the tax rate may cause some shortfall in the country's revenue, but when foreign countries invest in the country and jobs are created in the country, the country will move in a new direction, which will be an unimaginable success. Approval of some things may be criticized in the first stage but when a lot of success is created, it will be applauded as we saw when Nayib Bukele launched Bitcoin in his country many analysts influential and society people started to criticize. But rather than shy away from criticizing those who have gone ahead with Bitcoin investment, today El Salvador has had a lot of success with Bitcoin investment, and those people are now praising the Salvadoran government. So I support approving Bukele work Lowering the income tax rate could be a strategic move by El Salvador to attract global investment. The key challenge now is whether this move can sustain the economy long-term in the future.
Source
March 16, 2024, 09:38:24 PM
⚡️ Deciding between mining or buying Bitcoin depends on your personal circumstances, risk tolerance, and financial goals. Carefully considering energy and equipment costs, ASIC efficiency, Bitcoin price volatility, and time. 💼 #BitcoinMining #BuyBitcoin
Source Link: https://twitter.com/Volcano_Energy/status/1768661151804493827?t=bB0wOciSTR5SmamWDR35jg&s=19
Source Link: https://twitter.com/Volcano_Energy/status/1768661151804493827?t=bB0wOciSTR5SmamWDR35jg&s=19
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