Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 38. (Read 38876 times)

El Salvador Launches First Bitcoin Mining Pool With New Geothermal Energy.

1. Among these geothermal energy projects is the Lava Pool Energy project, which is being implemented in El Salvador with the support of the companies Balkan Energy and Luxor Technology Corporation.

2. El Salvador is both responsible for launching an initiative that will use renewable geothermal energy and wants to further improve the use of this energy.

3. El Salvador will use the profits generated from Bitcoin mining to provide feedback, working harder to improve the infrastructure of the process.

4. Withdraw crypto money worldwide free of ATM fees, and earn up to 8% percent on every transaction with this free crypto card.  El Salvador is the only country that offers this facility and I have yet to see such a facility in other countries.  By taking this step you will surely achieve success

El Salvador has officially launched the first Bitcoin mining pool, Lava Pool, with the companies Balkano Energy and Luxor Technology Corporation tasked with launching an initiative to promote the company.  And it must be possible to implement it because El Salvador is one of the hardworking countries.  Most of these roles are the highest priority of the President of El Salvador, Nayeb Buquel, and everyone's cooperation will certainly help.


Source Link: https://es.beincrypto.com/el-salvador-lanzan-pool-mineria-bitcoin-energia-geotermica/?utm_source=twitter&utm_medium=text&utm_campaign=news

A slow and deliberate process seems to be playing out, and they do not seem to be rushing matters in regards to various bitcoin programs and seeming to remain focused on bitcoin without getting distracted into shitcoins.

Surely some people might assert that their approach to the gangs concern was a bit rash and harsh, but hopefully many of those lock-ups are getting attention and review in order to figure out the extent to which some of them might be able to be released back into society.. hopefully if there might be some ways to transition some of the guys away from lives of crime and to become productive and contributory members of society.. and surely hopefully they do not necessarily disagree and hopefully people are not getting locked up merely for having certain kinds of tatoos.. ., .. so I would not claim to know enough of the details and there would need to be some study of some of the particulars to make various criticisms if there might be too harsh of measures without any possibilities for redemptions..

From the amount invested by El Salvador into Bitcoin,  I can say that the countrishojldnt depend on that as the means to escaping the financial crisis because Bitcoin investment is not time allocated and should not be taken as a quick solution to financial problem,  but El Salvador Bitcoin adoption will give room for more other development such as in the building of the El Salvador bitcoin city and the establishment of future Bitcoin hubs in El Salvador where the government will establish the first government own Bitcoin mining which is expected to be powered by the volcano power station that is under construction,  so aside from the fact that the level of tourism has increased in El Salvador and recent records show that there have been a high reduction in crime rate and also the citizens are becoming more bitcoin educated at this point which is a good sign that the citizens of El Salvador are beginning to embrace Bitcoin which they're once rejected when the President Nyib Bukele made bitcoin level tender in the country.

El Salvador has been able to reduce violent gang activities because of the fierce crackdown. This led to a reduction in criminal activities in the country. This has increased the rate of tourists in the country because people will always go to safe places. But this crackdown is not without its shortcomings. It has been reported that many innocent people have been wrongfully imprisoned. Many families have complained about the disappearance of family members without any information. Most of them are not given a fair hearing to defend themselves but they are just sent to prison without trial.

As much as we encourage the good works of Nayib Bukele things should be done orderly. We are also expecting that the country will benefit from its investment when the price of Bitcoin goes up. But for now, the country's investment in bitcoin has not yielded much profit. But hopefully in the future other countries will follow the steps of El Salvador due to the impact Bitcoin will have on their economy.

[1] https://www.investing.com/news/cryptocurrency-news/el-salvador-launches-first-bitcoin-mining-pool-as-volcano-energy-partners-with-luxor-3190359

El Salvador continues to make news about their adoption of Bitcoin and this time using Volcano Energy, their mining pool is live.  President Nayib really made the right moves to boost the acceleration of Bitcoin adoption in El Salvador, El Salvadorans should be proud of their president.

The Salvadoran newspaper Diario El Salvador published an article stating that El Salvador has become the safest country in Latin America from 2019 to the present.  The article notes in more detail several stages of the fight against crime in the country and it is clear that this was carried out according to a pre-developed plan.  It is also noted that 95% of the population supports such actions by government authorities to combat crime.
   Of course, considering that this newspaper is a pro-government media outlet, this picture is probably a little embellished, but in any case, the achievements in the fight against crime are colossal.
   In my opinion, there will still be a problem with maintaining such a low crime rate on a permanent basis in the long term.  This is probably even more difficult to do than to reduce the influence of criminal gangs on the population with such rapid and repressive measures, as the authorities of El Salvador did for 4 years.  But let’s hope that another 5 years of Nayib Bukele’s presidential term, who will almost certainly be elected to a second term, will allow his government to consolidate the results of the fight against gangs.  And make the lives of Salvadoran citizens and tourists safer and more comfortably.
By the way, this is very important for all BTC lovers in the world.

Nayib Bukele has made a complete turnaround as they have seen a rapid increase in El Salvador's murders over the past few years. But I see since 2021 only accepting bitcoin after many efforts to present El Salvador as a civilized nation to the whole world its El Salvador has been freed from terrorists. And nowadays almost everyone from kids to adults is in Salbazaar. Institutions are teaching about Bitcoin. All these things have been made possible by Nayib Bukele Dhara, so now Salvador will be considered as the best country in front of the whole world.

The effect was also very clearly felt by the residents of El Salvador when the number of murders began to decrease in El Salvador, especially the government was able to have more freedom in attracting more investors to El Salvador and also increased tourism to El Salvador because they were no longer worried about gangs that once flourished in El Salvador. So Nayib Bukele really deserves praise from many people for his efforts in changing the country of El Salvador from a bad environment to a better environment like it is now.

Nayib Bukele is one of the best governments in El Salvador. He is shaping his country in such a way that it is improving in every respect. He was the first in the world to officially launch Bitcoin transactions in his country. Which no country has been able to do till date. The number of murders in El Salvador has dropped to 108 out of 100k since the establishment of the Nayib Bukele government. Whenever a country has a decrease in murders and an increase in security, people will love that country. For example, in El Salvador, a lot of foreign exchange is being earned from the tourism sector, which is playing a very important role in the advancement of the country. El Salvador used to be a country where gangs thrived. The Ghang Party has been completely destroyed since the establishment of the Nayib Bukele government. That is why I like the government of this country very much.

Apart from that, the El-Savador government itself has also been paying attention and organizing the beautiful areas there for a long time so that they have a big attraction for any tourist to visit there even though the big target is US tourism so that they can want to go there to enjoy the natural beauty. And the effect of the potential increase in tourism visiting there is also very clear, namely that it can make greater improvements in the economic aspect so that the country of El-Savador itself can develop more quickly and more easily complete every project that is being worked on well by the government. I am quite amazed to see the development and cooperation of El-Savador in the last few years in all aspects.

This is El-Savador at a glimpse writing to the Santander Corperate and Investment Banking, stating on the observed increase in the US base tourism flow to El-Savador, thus this higher potentials on tourism visits to the country was noticed to help the country positioned itself towards it debt budget and reconciliation plan to adequately plan and prepare itself over every tourism opportunities coming through the US tourism, the president noticed that this will make a move towards having a better and expected economy boost.

At a glance President Bukele's unbelievable success in every spheres in his county.
Homicides rate has almost reached zero. It is a remarkable achievement of the President. Just as the trend of gangster crime in Salvador has decreased, the trend of Homicides has decreased significantly.
Another important step taken by President Nayeb Bukele in El Salvador is the adoption of a special effective measure on tourists, where the President has risen to the 4th position in a special report for the month of September 2023 in the world, breaking all previous records. In a special record, 30% more income has been generated from tourists this year than last year 2022.





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El Salvador has achieved a reputation as a Bitcoin City and has completed various development projects at various times. Very recently in El Salvador, President Nayib Bukelehas given a lot of importance to tourism, which has resulted in the first in the Americas and the fourth position in the world. A study by UNWTO has highlighted this important issue.

I would like to highlight some very positive news that is not well publicized but is very important for the economy.  This news is reported in one of the official newspapers of El Salvador.
Local newspaper Diario El Salvador reports that  El Salvador's stock market rose 71.3% in the 8 months (including August) of 2023 compared to the same period last year.
 The stock exchange registered 5,669 transactions worth $2,918.4M for the accounting period January-July 2023. The stock exchange report also indicates that in August 785 transactions were registered on the country's stock market for a total amount of $450.4M.

 It seems to me that these are very good results for such a small country and this is the success of the economic policy pursued by the El Salvador government.  By many similar indicators, this growth is not just good, it is fantastic!

How sure are you that El-Savador is not giving attention to the development of other aspects of the economy, the current development is not only focused on bitcoin, but through bitcoin adoption comes in many other benefits they got served with, that means bitcoin has created so any diverse capacity building in the whole sectors of there economy ever since adoption because life had been made suitably affordable for every citizens to leave and have financial liberty, they can run their daily live economy with the basis of affordability without stress, if another big opportunity is coming through the next Halving then they will take advantage in participating because they have invested, but that doesn't mean they are so dependent on bitcoin only for their economy sustainability.

El Salvador is a country that is quite clean and beautiful and has good governance in various sectors, including in the sector of cooperation with several companies and other countries for now. I also agree with what you say because the prosperity of a country is not only about adopting cryptocurrencies like Bitcoin, but also about real development through several projects that can bring benefits to the country and so far I think that has also happened in El Salvador after many gangs were successfully cleaned up by the government this year.

And how will halving affect the country’s success economically and financially? This is something out of fantasy. Prosperity requires not only Bitcoin adoption, but also a strong technological and manufacturing base, which the state lacks. There are no natural resources in demand.
All this is so illusory that one can talk about it all in the spirit of dreams.
The only thing that will contribute to development is that there is cooperation with a large American company that invests a decent amount of money in various industries. These are not only crypto projects, but also related ones.

El Salvador will introduce bitcoin education in schools by 2024 because teaching children from an early age will surely build a solid foundation.  In particular, non-profit institutions and NGOs Primer Bitcoin has partnered with the Ministry of Education to include it in its curriculum.  My Primer Bitcoin (MPB) which stands for "My First Bitcoin" has been added to the partnership and will be taught in the public school curriculum by 2024.
Source Link: https://cointelegraph.com/news/el-salvador-to-introduce-bitcoin-education-in-schools-by-2024


 Also noted is that Bitcoin Beach's support for the pilot program begins on September 7.  And the Bitcoin Diploma Program will be taught to 150 school teachers from 75 schools to provide them with a "base knowledge" of Bitcoin.  In this way, the hero Bukele is providing benefits to the people of his country, which is the greatest sign of bravery.  His initiative is loved by all and he is a major tool of bravery for El Salvador bitcoin education.

Source Link: https://cointelegraph.com/news/el-salvador-to-introduce-bitcoin-education-in-schools-by-2024

El-Savador is a country determined for excellence regardless of the conditions that are involved, it all goes along way through sacrifice, if we truly want a change then we need to adopt a new system and change the old ways we use in doing things, El-Savador is not only going to work on teaching bitcoin in schools, but the entire school curriculum will be looked at and changes will be made to improve the level and standard of their education, every average El-Savadoran will have the opportunity of understanding bitcoin and also have good access to better educational opportunities and this is the right procedure to elevate the people through bitcoin education starting with the younger generation.

Despite some lull in Bitcoin adoption in El Salvador, it appears that the government is systematically and persistently continuing to educate the country's population on the basics of its use bitcoins.
 Among the news in the field of education in El Salvador, in particular, there is talk about such a program for teaching the basics of Bitcoin to 150 public school teachers.  At the same time, relevant partnerships are concluded with non-profit organizations, such as, for example, My first Bitcoin .
 Find out more about this news in the Salvadoran newspaper Diario El Salvador

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It seems to me that many governments are simply afraid of losing control over the population if, following the example of El Salvador, they legalize Bitcoin.  In addition, this will cause indignation and dissatisfaction, and the IMF may limit financial transfers.  The president of such a republic must be brave and desperate, like Bukele, in order to make a decision to legalize bitcoins in his country.
 But there are very few such brave people in the world!