Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 69. (Read 43241 times)
May 31, 2023, 05:12:29 AM
Yesterday, an article was published about the history of bitcoin in El Salvador, which quotes the CEO of Blink Noor El Bawab as “although rollout was slow, you can still live fully on Bitcoin in El Salvador.” And I think it's important that there is a country where you can live using only bitcoins for your payments.
May 31, 2023, 03:53:15 AM
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This seems to be headed in that direction, as El Salvador's adoption of Bitcoin is seen as disruptive and the IMF tends to favor centralized fiat currencies and is concerned with building a strong economy independent of the IMF. Everyone has a dream. The "Bitcoin City" plan has interesting long-term potential. Although for now the understanding of Bitcoin in the country may be limited at this time. all need a process of course not as easy as turning the palm of the hand.
This seems to be headed in that direction, as El Salvador's adoption of Bitcoin is seen as disruptive and the IMF tends to favor centralized fiat currencies and is concerned with building a strong economy independent of the IMF. Everyone has a dream. The "Bitcoin City" plan has interesting long-term potential. Although for now the understanding of Bitcoin in the country may be limited at this time. all need a process of course not as easy as turning the palm of the hand.
Infrastructural project take time, you can't expect results immediately. Now we can see only some pieces of puzzle which will combine in entire picture in the future. We see how some technological companies are opening their branches in Salvador, we see how some enthusiasts develop bitcoin initiatives in different places in the country. We can expect that there will be more and more such projects, and if so we can hope that everything will go right and we'll see a big success of Bitcoin city. It will take time, but some elements of this future are already seen.
May 31, 2023, 01:43:37 AM
While it is a good thing that El Salvador still pushes the bitcoin adoption and tries to improve the country by employing new people in this field, I have to say that the people in those photos look really incompetent.
If you go to an official government meeting why would you wear a T-shirt with a white suit and orange sneakers. I mean you could at least look like you are doing serious business or look like a programmer, etc. But this guy just looks like a scumbag.
If you go to an official government meeting why would you wear a T-shirt with a white suit and orange sneakers. I mean you could at least look like you are doing serious business or look like a programmer, etc. But this guy just looks like a scumbag.
The focus should be on substance rather than their visually engaging appearance but more on financial inclusion, and technological advances rather than judging individual clothing this is more important because of El Salvador's efforts to adopt Bitcoin as a means of payment in the global financial landscape and the long term benefits ahead.
The IMF is sided with banks, thus it sees El Salvador's decision to adopt BTC as a threat to its very existence. All they want is to keep nations under their control with centralized Fiat currencies. Moving away from the system, would strip the IMF from that power. I think El Salvador will be able to carry on without the IMF's support if it manages to attract big BTC investments within the region. "The Bitcoin City" plan might work out in the long run. Imagine if BTC goes all the way to Mars. It will be a huge win for El Salvador!
People in the country may not be that familiar with BTC right now, but I'm certain that will change in the future. It's only been two years since BTC was made legal tender in El Salvador, so we should give it more time to see what happens. Maybe the country will turn into a developed one in the not-so-distant future? Just my thoughts
This seems to be headed in that direction, as El Salvador's adoption of Bitcoin is seen as disruptive and the IMF tends to favor centralized fiat currencies and is concerned with building a strong economy independent of the IMF. Everyone has a dream. The "Bitcoin City" plan has interesting long-term potential. Although for now the understanding of Bitcoin in the country may be limited at this time. all need a process of course not as easy as turning the palm of the hand.
May 31, 2023, 12:56:36 AM
El Salvador's Bitcoin mining operations lead for volcano bonds: "El Salvador will soon send shockwaves through the #Bitcoin mining industry
https://twitter.com/BitcoinMagazine/status/1663581538317893634?s=19
https://twitter.com/BitcoinMagazine/status/1663581538317893634?s=19
May 30, 2023, 11:27:07 AM
El Salvador could not get loans from the IMF, because Bukele at some point showed that he was not going to do everything that he was told for these loans, in this case it was about bitcoin bonds, when Bukele tried to convince him that this should not be done which is still too early. In the bear market, it’s not easy for everyone who deals with bitcoin, but of course, El Salvador didn’t have any ruins because of this.
Are you now talking about El Salvador's external debt, or about some individual loans? Because the external debt of El Salvador is much higher.
As for ATM's, El Salvador is doing well, despite the fact that they have not yet reached the indicators that they planned earlier, this trend still looks positive for them. While there are many countries where this indicator gets negative readings, when their amount is reduced, due to conflicts with regulators.
Are you now talking about El Salvador's external debt, or about some individual loans? Because the external debt of El Salvador is much higher.
As for ATM's, El Salvador is doing well, despite the fact that they have not yet reached the indicators that they planned earlier, this trend still looks positive for them. While there are many countries where this indicator gets negative readings, when their amount is reduced, due to conflicts with regulators.
The IMF is sided with banks, thus it sees El Salvador's decision to adopt BTC as a threat to its very existence. All they want is to keep nations under their control with centralized Fiat currencies. Moving away from the system, would strip the IMF from that power. I think El Salvador will be able to carry on without the IMF's support if it manages to attract big BTC investments within the region. "The Bitcoin City" plan might work out in the long run. Imagine if BTC goes all the way to Mars. It will be a huge win for El Salvador!
People in the country may not be that familiar with BTC right now, but I'm certain that will change in the future. It's only been two years since BTC was made legal tender in El Salvador, so we should give it more time to see what happens. Maybe the country will turn into a developed one in the not-so-distant future? Just my thoughts
May 30, 2023, 11:14:54 AM
Citizen Security The joint work of the FGR_SV and the Security Cabinet continues to dismantle terrorist structures that intend to continue intimidating the population.
This morning, arrest warrants were issued against a clique of the MS that operated in La Libertad.
https://twitter.com/ultimahsv/status/1663524339734519810?t=xvHb56366ysmubk30-ZaSg&s=19
Citizen Security The detainees commit crimes mainly in the municipalities of Zaragoza and San José Villanueva de La Libertad.
The victims were taken to desolate areas to take their lives. Then, they buried the bodies in clandestine cemeteries.
https://twitter.com/ultimahsv/status/1663526947685539840?t=On2o57TbHkrt38ZLbgGW5A&s=19
This morning, arrest warrants were issued against a clique of the MS that operated in La Libertad.
https://twitter.com/ultimahsv/status/1663524339734519810?t=xvHb56366ysmubk30-ZaSg&s=19
Citizen Security The detainees commit crimes mainly in the municipalities of Zaragoza and San José Villanueva de La Libertad.
The victims were taken to desolate areas to take their lives. Then, they buried the bodies in clandestine cemeteries.
https://twitter.com/ultimahsv/status/1663526947685539840?t=On2o57TbHkrt38ZLbgGW5A&s=19
May 30, 2023, 10:42:12 AM
While it is a good thing that El Salvador still pushes the bitcoin adoption and tries to improve the country by employing new people in this field, I have to say that the people in those photos look really incompetent.
If you go to an official government meeting why would you wear a T-shirt with a white suit and orange sneakers. I mean you could at least look like you are doing serious business or look like a programmer, etc. But this guy just looks like a scumbag.
If you go to an official government meeting why would you wear a T-shirt with a white suit and orange sneakers. I mean you could at least look like you are doing serious business or look like a programmer, etc. But this guy just looks like a scumbag.
May 30, 2023, 10:38:03 AM
https://twitter.com/BitcoinMagazine/status/1663541580454825989?t=VuVbj1GyRt8LJN_niyCBnw&s=19
The author of Bitcoin's standard, El Salvador, has joined the office as its economic advisor to work on how Bitcoin can be leveraged in El Salvador. This author has a wealth of knowledge about Bitcoin that will enable the people of El Salvador to make further improvements.
So finally I want to say a huge gift to El Salvador because learning about Bitcoin will surely bring them success.
A few days ago Dev Dr Saifedean Ammous of "The Bitcoin standard" completed an important trip by responding to the invitation of Salvadoran President Nayeb Bukele.
Dr Saifedean Ammous met the President after a courtesy call on CUBO+ program students. And discussed in detail the current status of Bitcoin and the economic condition of the country.
Now a happy thing is that Dr. Saifedean Ammous is going to be appointed as the Economic Adviser to the "National Bitcoin office" of Salvador at the invitation of the President of Salvador, Nayib Bukele.
Bitcoin office team
Max Kaiser
Stacyherbert
Dr Saifedean Ammous
May 30, 2023, 10:28:35 AM
https://twitter.com/BitcoinMagazine/status/1663541580454825989?t=VuVbj1GyRt8LJN_niyCBnw&s=19
The author of Bitcoin's standard, El Salvador, has joined the office as its economic advisor to work on how Bitcoin can be leveraged in El Salvador. This author has a wealth of knowledge about Bitcoin that will enable the people of El Salvador to make further improvements.
So finally I want to say a huge gift to El Salvador because learning about Bitcoin will surely bring them success.
May 29, 2023, 11:29:38 PM
I am truly impressed by Bukele's charisma and visionary decisions as a president. Eliminating taxes for technology-related industries and the future is like smashing barriers for Gen Z youngsters to unleash their wilder innovations. These past few days, I've been thoroughly enjoying the wave of policies implemented by Bukele. El Salvador seems to have found a leader who is more attuned to the modern era than leaders in other nations.
He was elected president at the age of 37, positioning himself as the youngest president ever. Perhaps that's why his mind is wide open to technology and sees it as an opportunity to propel El Salvador as a tech-savvy nation.
He was elected president at the age of 37, positioning himself as the youngest president ever. Perhaps that's why his mind is wide open to technology and sees it as an opportunity to propel El Salvador as a tech-savvy nation.
May 29, 2023, 08:32:10 PM
Nayib Bukele symbol of Freedom
Nayib Bukele symbol of unity
Nayib Bukele symbol of discipline
Nayib Bukele symbol of innovation
Nayib Bukele symbol of Honesty and Dignity.
Salvadorans qualify 91.78% in their 4th year of adminstration of the president's government ..
https://twitter.com/CIESCA_OFICIAL/status/1663174824280162305?s=19
https://twitter.com/Martez305/status/1663181248003555328?s=19
May 29, 2023, 03:53:27 AM
Basically, the digital era is getting advanced.
Basically the presence of bitcoin has changed everything.
Basically the people who despise bitcoin are out of date in this modern situation.
Bitcoin has become a legal tender adopted by el savador and we see that they are progressing and advancing. So on this principle I think those of us who have been involved in Bitcoin, of course, have experienced extraordinary benefits, whether it's from trading income or investing in Bitcoin.
I don't think there is any reason to hate bitcoin and no gain for those who resist. We have seen the beginning of the decisions taken by El Salvador, there were pros and cons to the President's decision and because they continue to be consistent today El Salvador got what they wanted.Basically the presence of bitcoin has changed everything.
Basically the people who despise bitcoin are out of date in this modern situation.
Bitcoin has become a legal tender adopted by el savador and we see that they are progressing and advancing. So on this principle I think those of us who have been involved in Bitcoin, of course, have experienced extraordinary benefits, whether it's from trading income or investing in Bitcoin.
El Salvador has answered the doubts of many countries how they first came to the conclusion of accepting bitcoins and today they are feeling the positive impact of their adoption. Even though there are still pros and cons from the start they legalized bitcoin as a legal transaction tool. But today they are getting the results commensurate with the decisions they made and even the African region is now also experiencing an explosion of trust for bitcoin and adoption of bitcoin there is also expanding.
May 29, 2023, 03:27:47 AM
In 2021 I heard there will be 1500 Bitcoin ATMs to be created but looking at coinatmradar until now only 212 units have been installed. Not a bad thing for countries that started legalizing Bitcoin as a means of transaction. Indeed, since the decline in the price of Bitcoin, there have been many reports that El Salvador is in ruin, even they applied for loans to the IMF but they were not given. It does take time and gradually, in addition to success in tourism there is other news. El Salvador managed to also pay off a $800 million debt plus interest was revealed by Finance Minister Alejandro Zelaya. Currently, they still owe $367 million plus interest on additional bonds maturing in January 2025, one positive sign of the country's financial stability. Source
El Salvador could not get loans from the IMF, because Bukele at some point showed that he was not going to do everything that he was told for these loans, in this case it was about bitcoin bonds, when Bukele tried to convince him that this should not be done which is still too early. In the bear market, it’s not easy for everyone who deals with bitcoin, but of course, El Salvador didn’t have any ruins because of this.Are you now talking about El Salvador's external debt, or about some individual loans? Because the external debt of El Salvador is much higher.
As for ATM's, El Salvador is doing well, despite the fact that they have not yet reached the indicators that they planned earlier, this trend still looks positive for them. While there are many countries where this indicator gets negative readings, when their amount is reduced, due to conflicts with regulators.
May 29, 2023, 03:02:07 AM
El Salvador will host the Central America Travel Market (CATM) in 2024, an event that promotes the region as a multi-destination, mainly in Europe.
The announcement was made within the framework of the Central America and the Dominican Republic Innovation Tourism Talk 2023 (CAITT 2023), an event that has brought together more than 50 tourism representatives from the region.
https://twitter.com/MITURElSalvador/status/1654318378943643648?t=O8fSFqV54q_oq9cbZwRusQ&s=19
The announcement was made within the framework of the Central America and the Dominican Republic Innovation Tourism Talk 2023 (CAITT 2023), an event that has brought together more than 50 tourism representatives from the region.
https://twitter.com/MITURElSalvador/status/1654318378943643648?t=O8fSFqV54q_oq9cbZwRusQ&s=19
May 28, 2023, 12:54:49 PM
Come to the country of Bitcoin, of course Salvador will be heard. El Salvador is the creator of Bitcoin City If you want to enter Bitcoin City, you must go through the entrance of El Salvador. El Salvador is doing better than what we predicted. I would like to say on my own that I would like to take a tourist visa to El Salvador and travel once. As a bitcoin city El Salvador is open which I think applies to every visitor and is a safe city.
wacth link
wacth link
Well, no doubt because El Salvador is the first country who became the first legal tender, so saying country of bitcoin, none will surface expect El Salvador.
Anyway, you actually made it sound that El Salvador had a very easy route towards success before they become what they are now, which is exactly opposite thing as the country has first experienced losses and expensive mistakes along the way because they made a very big leap of faith towards the unknown waters as they were the first one to do it. In fact, on paper, the country have already loss more than 50% of their assets because of the situation in the market that we have now but when things begin to recover and it will, El Salvador's situation will be flipped from mud to riches and they deserve that for having a faith towards bitcoin.
Soon, there will be a couple of countries who will also follow El Salvador's footsteps because right now, they are still observing El Salvador's situation.
May 27, 2023, 10:43:35 PM
Come to the country of Bitcoin, of course Salvador will be heard. El Salvador is the creator of Bitcoin City If you want to enter Bitcoin City, you must go through the entrance of El Salvador. El Salvador is doing better than what we predicted. I would like to say on my own that I would like to take a tourist visa to El Salvador and travel once. As a bitcoin city El Salvador is open which I think applies to every visitor and is a safe city.
wacth link
El Salvador only cares about the convenience of tourists and is implementing all the Bitcoin-centric plans to attract tourists to their country. Since their country has invented so many new technologies to attract tourists, it is only natural that the tourists in that country will be given maximum security. Not only in El Salvador, the security of tourists is provided, but in all countries of the world, the maximum security of tourists is ensured. Because the more tourists travel to the country, the more economically developed the country will be. wacth link
May 27, 2023, 10:28:01 PM
I expect bitcoin to be widely accepted as payment worldwide. Given the convenience of bitcoin, this is good news. High liquidity
May 27, 2023, 12:01:01 PM
Undoubtedly, El Salvador continues to make surprising changes throughout its system, after so many years fighting against the insecurity of each citizen, now without a doubt this new law that may be implemented will completely change the lives of Salvadorans. I would love for this to happen, the vision of those who must agree with said proposal may have changed since the last time this came up, since the panorama had time to be studied and analyzed as a possible advance for the economy and the quality of life of each person in that country.
May 27, 2023, 08:47:09 AM
Lakes, volcanoes, permanent waves, pupusas and much more in one place: El Salvador, a world class destination.
The #Bitcoin Country
https://twitter.com/TheBitcoinLife_/status/1662242208936804355?t=-H5RCV58DkhM-Pf9-wVbwQ&s=19
The #Bitcoin Country
https://twitter.com/TheBitcoinLife_/status/1662242208936804355?t=-H5RCV58DkhM-Pf9-wVbwQ&s=19
May 27, 2023, 08:30:45 AM
High growth, tourism boom, America's safest country, high FDI, immigration reversed as 1 million Salvadorans return home, 91% approval for Pres. Buckel (world's highest), attracting the best Bitcoin companies in the world; Swan, Strike, Fold + more!
El Salvador's aspirations and achievements look good, but exaggerating achievements for effect doesn't look so good. Yes, after the fall of the economy in 2020, further growth is good, but the current growth of 1.2% per annum looks rather average. https://tradingeconomics.com/el-salvador/gdp-growth-annual
Yes, improving the security level in the country just looks like a stunning success, but the level of security in Chile, Canada and some other American countries is still considered to be higher. https://www.numbeo.com/crime/rankings_by_country.jsp?title=2023&displayColumn=1
In terms of migration, the outflow of the population from El Salvador is decreasing, but so far this process has not yet been reversed. https://www.macrotrends.net/countries/SLV/el-salvador/net-migration
Let's honestly evaluate real achievements, especially since El Salvador has them, and there are many of them!
Talking about the success in El-Savador ever since and after it's bitcoin adoption i will but only list few for you to look upon and don't make comparisons of El-Savador with other countries because each has their own challenges as well as pattern their own government adopt in leading the people.
These are some of the benefits bitcoin adoption has brought to El-Savador:
1. Bitcoin tourism
2. Boost on their economy
3. Reduced crime rate
4. Bitcoin City
5. Bitcoin education
6. Increase income/revenue
7. Bitcoin free zone
8. Settlement of part of its debts
Come to the country of Bitcoin, of course Salvador will be heard. El Salvador is the creator of Bitcoin City If you want to enter Bitcoin City, you must go through the entrance of El Salvador. El Salvador is doing better than what we predicted. I would like to say on my own that I would like to take a tourist visa to El Salvador and travel once. As a bitcoin city El Salvador is open which I think applies to every visitor and is a safe city.
wacth link
wacth link
There's much to taking a tourist visit to El-Savador, first you have to understand that you that tourist were permitted to have upto 90 days stay while on visit in the country, secondly, prepare yourself to get positioned for learning about the success path through which El-Savador had been through that led to where they were today and everyone talking about them, this will help you maximize your opportunity in going there to learn more and discover more being a tourist.
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