Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 65. (Read 43241 times)

21 CUBO+  talented students are hiring by top Bitcoin companies.
The Salvadorians wining.
Salvador wining.
The Bitcoin city wining.




Tweet: https://twitter.com/stacyherbert/status/1669797497386967040?t=kS7Z-3uRIhzWvGv61LtVUg&s=19

El Salvador is taking the biggest risk and it is so interesting to watch. The country's president, Nayib Bukele is showing very strong leadership and is moving against the tide. They are like the test for other nations. Nayib Bukele is has surrounded himself with a lot of bitcoin gurus and not the political economist who are unwilling to see the potential and independence of bitcoin to their nation. We will keep Hodl as we got no other option.

Countries with the highest interest in #bitcoin according to Google Search:
1. El Salvador🇸🇻
2. Nigeria🇳🇬
3. Brazil🇧🇷
4. Netherlands🇳🇱
5. Slovenia🇸🇮
6. Switzerland🇨🇭
7. Austria🇦🇹
8. Cyprus🇨🇾
9. Ghana🇬🇭
10. Germany🇩🇪

Twitter tweet: Tweet

El Salvador is known as Bitcoin City and most of the people in Salvador are interested in using Bitcoin, which is why the people of El Salvador are the most searched on the internet.

This is part of the benefits those countries that made BTC legal tender are experiencing from their land, which other countries are still finding it difficult to believe that BTC can make their trip or business safe. I believe mexico will never forget this experience she encounter in the land of El Salvador by using BTC as a means of payment for her trip which she really enjoyed and shared the testimony with her friends.

Timeless #Bitcoin advice from the President of El Salvador, 1 year ago. Keep calm and HODL on  🇸🇻

https://twitter.com/pete_rizzo_/status/1670046346387095554?t=qlLFsoFylaPFNS0iu8iO8g&s=19

Lorena Ortiz, the founder of the Bitcoin Embassy Bar in Mexico, has visited El Salvador as the most popular bitcoin tourism destination in the last couple of years. In her Forbes post, she shared her experience of using only bitcoin as a means of payment during the trip, and also recommended several bitcoin-friendly addresses.

Big news: Bitcoiners & bitcoin companies moving to El Salvador to join Max & Stacy, the community at Bitcoin Beach & the builders of Bitcoin Country

@asobitcoin can now help you with company formation, legal advice & residency visas

More details: https://www.asobitcoin.org/concierge



Twitter tweet: https://twitter.com/stacyherbert/status/1669501481450438656?s=19

During the management of President nayibbukele, the security forces held a large number of people for cargo related to drug trafficking and enforced justice for crimes related to drugs.
El Salvador, through the puesta en marcha del (#PlanControlTerritorial), has logged to become a regional referent in the fight against narcotraffic.


https://twitter.com/CeciliaGRM/status/1668831067917123584?t=1v1fy0J1OEfDGJbG_MALbQ&s=19

After El Salvador's newly elected president, Bitcoin mining took another important step to increase state efficiency and reduce treasury costs. He reduced the number of mayors in his country from 262 to 44. He noted that considering the size and population of his country, 44 mayoral posts are very important and enough.



Twitter tweet: https://twitter.com/gersonmartinez/status/1668991368956375046?s=19

El Salvador Bitcoin Mining's biggest facility is building a host that will use wind and solar power generation. The project is based in the West Division of Shanta Anna and is expected to generate renewable electricity with a total capacity of 241 MW with a processing power of 1.3EH/s to mine Bitcoin.

Details: https://forbescentroamerica.com/2023/06/12/como-es-el-proyecto-de-mineria-de-bitcoin-renovable-que-cambia-la-propuesta-de-bonos-de-nayib-bukele?s=09

El Salvador will surely succeed using Bitcoin mining. If this renewable energy is generated, everyone will love the use of this solar energy in El Salvador Nayib Bukele.

We cannot approach bitcoin adoption with the ways we've been so used to manipulating the fiat economy through the influence of the central authorities for their own benefits, that's why when you look into the situations that surrounds Nayib Bukele as a president and the bitcoin adoption he made with El-Savador, you will discover that his target was on the people for them to have a financial economy freedom in their daily lives while still under the leadership of the government and not that he has adopted the use of bitcoin as a legal tender in other to hypnotize the people under the government rule and control.

As far as I know, no, but is it bad that Bhutan is also interested in bitcoin and mining it? Possibly, geting closer to the technology and philosophy of bitcoin, Bhutan will also decide in the future to expand its capabilities, including the direct use of bitcoin in the country. If a country has not yet taken exactly the same steps as El Salvador, this does not mean that the steps they are taking towards the development of bitcoin are wrong.

Not that I am going to support the previous assertion that El Salvador will be the richest nation on Earth. That's simply speculation, but I want to ask. Did Bhutan make Bitcoin their legal tender, just like El Salvador did?

Did Bhutan buy more Bitcoins from the market as a future investment for the nation, just like El Salvador did?

El Salvador is not the only country that is investing in the development of bitcoin mining. Bhutan has been mining bitcoin for several years and recently partnered with Singapore-based Bitdeer Technologies Group to build a 600 megawatt mining farm. Moreover, such close interest of Bhutan in bitcoin became widely known only this year. I think that we can still learn a lot of interesting things about which countries do not yet advertise their active participation in investing in bitcoin and mining it. And here it is important to have time to be among the first in order to get the maximum possible. And the authorities of El Salvador understand this.

El Salvador has recognized Bitcoin as its first free transaction, which Nayib Bukele is ready to do everything for the people of his country. Using various technologies to examine the direction of Bitcoin development, El Salvador has hired the author of the Bitcoin Standard book to act as a consultant for how Bitcoin will evolve. And will launch a completely new app that will bring massive benefits to Bitcoin transactions and will work to verify people's progress. Each location in El Salvador will deploy a total of more than 200 machines. I can safely say that the idea that forced Nayib Bukele to take up Bitcoin transactions is completely logical.

I think the over reliance on the produce from the volcano volt energy and Bitcoin hubs for offseting the debt of El Salvador may make it hard for the project to produce to its maximum capacity since the space between 2023 and 2030= 7 years, this is something that we analysts need to make emphasis on in our discussion because with our experience with bitcoin we know that we can't predict the future of bitcoin or where it price will be, things change and actions can be modify to fit in current realities at that time and bitcoin mining from the volcano may not be able to make the profits that will pay off El Salvador debt by 2030.

Yes, I am a strong advocate for the volcano development, but fixing a time frame for when Bitcoin mining profits in El Salvador will be able to meet up with paying that debt.

Volcano Energy's mission is to make 🇸🇻 El Salvador the richest nation on earth. #Bitcoin is the new oil and El Salvador will be the Saudi Arabia of bitcoin.

https://twitter.com/BitcoinNewsCom/status/1667916449854152706?t=sUGRaMUV-fybVMCkSTZzNQ&s=19

NEW: 🇸🇻 #Bitcoin education in schools continues in El Salvador 👀🧐



https://twitter.com/BitcoinNewsCom/status/1667308089362780161?t=3Ga8dP78wnykOxKqJXtmcQ&s=19

Indeed El Salvador have become the hubs to bitcoin related business and the legal status of bitcoin in El Salvador have aided the ease of doing digital related businesses and international payment, indeed bitcoin will greatly impact positively I the economic situation of El Salvador and if the current pest of development continue after the tenure of the current president Nyib who is currently seeking reelection, it will go a long way to build a foreseeable foundation for the microeconomic growth in El Salvador and if the next bull market happens then it gains for El Salvador and it will help assist their debt settlement greatly.

Yes... some of the shitcoins might have validity, use cases and value... but don't let that get you distracted.

you will likely be best to learn about bitcoin first and figuring out bitcoin before getting distracted into mostly nonsense (even if there might be some value in some of that crap).. it is better to presume the crap to be crap rather than allowing it to use your time, energies, psychological and your financial capital..

At the same time, you are free to do what you like, yet if people are polluting mostly bitcoin threads with pumping shitcoins, then it is not really good for discussions or for even seriously attempting to focus the thread on bitcoin first. and then if the problem/issue is tackled from a bitcoin first perspective, then there might still be some room to incorporate some shitcoin discussion, but it does not tend to be a good practice to fail/refuse to maintain focus.


Bitcoin was already cool before El Salvador "gave bitcoin a nod"


It is a better practice to presume shitcoiners to be scammers rather than the other way around... but you can do whatever the fuck you want.. especially if you enjoy being distracted by mostly noise and nonsense.

It tends to be a better practice to try to focus on the signal rather than the noise, and engaging in such practices of focus will help you in a lot of areas in life, not only related to better understanding bitcoin... if you are even capable of such actual focus rather than merely suggesting/implying that you sufficiently/adequately understand bitcoin...when you likely do not.. otherwise you would not be arguing such nonsense and making such nonsensical points.


It does help if you realize that it is a shitcoin that facilitates other shitcoins and it is a mechanism that allows further building of shit upon it, with itself being quite shitty too..

I cannot necessarily cause you to change the way that you are understanding ethereum and how it has built various networking effects that it has built, and if you are not able to appreciate the various ways that bitcoin is superior to ethereum including some of the POS bullshit, then what good does it do to argue with you?  Just go take your shitcoin talk and promotion to some other place.. it is largely distracting... because it does not even apply to this thread in which El Salvador is largely attempting to focus on bitcoin first and to approach bitcoin as legal tender from that perspective..and if you are distracted into wanting to talk about how great you believe ethereum to be or ethereum related matters to be adding value then you seem to be in the wrong place  and you are just taking us away from what El Salvador has been doing and seems to want to continue to emphasize bitcoin and bitcoin related matters.

Sure ethereum could be described to be related to bitcoin because it sucks off the tit of bitcoin and engages in affinity scams (and franky made some good points in the post above about the vaporware aspects of ethereum too).. but why do we even need to battle about that scam smoke and mirrors house of cards of ethereum in this here thread..? It is not even on topic here.. and you can believe whatever the fuck you want regarding that coin and pump it in some other forum thread or even in some other place on the internet, no?  Why do you want to talk about it in this thread?


There are levels to which the term "crypto" is distracting.  On the mere basic level, it tends to include failure/refusal to specify what the fuck is being talked about.  If we are talking about bitcoin, then we should be able to talk about bitcoin, and if some other matters relate to bitcoin we should be able specify how they might or might not relate to bitcoin rather than employing some amorphous term that does not really have any meaning unless you at least try to put it into some kind of a context.

Again, I am not really sure why you believe that there is some kind of need to talk about the "crypto-sphere" in this thread, when El Salvador specifically is working on bitcoin first and bitcoin focused, and surely from time to  time there might be some questions regarding whether some of the things that El Salvador is doing is sufficiently pegged (or tied) into bitcoin, so the ways that various projects might come up in the context of El Salvador might have various shitcoin (or crypto-sphere) elements in them, and surely we likely realize that a lot of shitcoin projects went to El Salvador and/or are involved in El Salvador too.. so there might be some times in which El Salvador might need to clarify some of the matters, including the extent to which some of the shitcoins are working within the language or the spirit of their various legislative and structural establishments that are trying to focus on bitcoin first.