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Author Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻  (Read 34401 times)
Popkon6
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June 23, 2023, 05:32:02 PM
 #1641

Ever since El Salvador adopted Bitcoin, everyone's life desires and lifestyles have been filled with luxury. Nayeb Bukele is moving his country forward based on the right decisions and has successfully paid homage to Bitcoin. Bitcoin holders who exist in El Salvador express this through their lifestyles of high luxury. El Salvador's high luxury lifestyle has never been met by a people who don't like it. So without a doubt El Salvador will be able to successfully navigate the future by playing the full role of Bitcoin education management.

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June 24, 2023, 12:19:44 AM
 #1642



President Nayib Bukele and Marshmellow on the BeReal.
They are meet each other in the XXIV CENTRAL AMERICAN and CARIBBEAN GAMES SAN SALVADOR 2023 Friday 23 June.
The Bitcoin city wining, SAN SALVADOR wining, President wining, Salvadorians wining.

Source: Tweet

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June 24, 2023, 02:09:09 PM
 #1643

The good news out of El Salvador is as parabolically NgU as Bitcoin itself
Follow the Bitcoin Office to be the first to catch the next green candle of awesome headlines straight out of Bitcoin Country.
https://twitter.com/stacyherbert/status/1672275166695391233?t=Gwg9KarL4UnHTg61NKphxQ&s=19

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June 24, 2023, 02:48:38 PM
 #1644

Snip~
I tried to visit the link you shared to have a further reading on the news on bitcoin city airport it it seems the link in wrong or not working,  but since this development is a big development I am sure we can easily get the news from mainstream media around El Salvador,  so for that you will need to share link that can give credibility to the information.

El Salvador has put bitcoin city development is in frontline of its agenda as regards the capital project in the El Salvador budget for this period and if truly the airport is built and operational or will help the inflow of tourists to the city since the Bitcoin Beach and other El Salvador tourist sites are located within the same place with the bitcoin city.
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June 24, 2023, 05:27:40 PM
 #1645

I tried to visit the link you shared to have a further reading on the news on bitcoin city airport it it seems the link in wrong or not working,  but since this development is a big development I am sure we can easily get the news from mainstream media around El Salvador,  so for that you will need to share link that can give credibility to the information.

El Salvador has put bitcoin city development is in frontline of its agenda as regards the capital project in the El Salvador budget for this period and if truly the airport is built and operational or will help the inflow of tourists to the city since the Bitcoin Beach and other El Salvador tourist sites are located within the same place with the bitcoin city.
It's was a broken link and it has been fixed. Thanks.

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June 24, 2023, 05:40:17 PM
 #1646

As far as I know about this country, this country is one of the countries in Central America that first adopted Bitcoin as a legal document of their country. El Salvador now has one more local currency besides their main currency which is Bitcoin. El Salvador is a perfect place to visit. The country has beautiful beaches as well as beautiful mountains along with some archeological monuments that attract tourists.  The president of this country has given the most importance to the tourism sector to improve the economic system of the country. 
Considering the convenience of tourists, Bitcoin has been adopted as the subsidiary currency of their country. 

Where other countries are holding back on Bitcoin, El Salvador has taken a few steps forward with Bitcoin. Their work is really commendable.

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June 25, 2023, 01:39:15 AM
 #1647



President Bukele is winning

And because he is winning, El Salvador is winning

Here is more proof 👇

Meet Diana and Carlos

They just moved to El Salvador yesterday

Diana was born in Los Angeles to parents who had fled El Salvador

Diana had only ever been to El Salvador… https://t.co/4AymkUGBil https://t.co/1suYMCAvjv

Tweet: https://twitter.com/stacyherbert/status/1672650340041216001?t=w5JYm1on5Ocpmz_1a9bN4Q&s=19

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June 25, 2023, 09:31:08 AM
 #1648

I would like to point out that not only in El Salvador before the adoption of the Bukele law on the legalization of bitcoin, the US dollar is the only official currency.  And such countries as East Timor, Ecuador, Zimbabwe and the Marshall Islands also do not have their official currencies issued by the central banks of these countries.  Also, dollars have a completely legal circulation in Guam, Puerto Rico and Palau.  It seems to me that the governments of these countries, simply to ensure the well-being of the people of their countries, are simply obliged to look at the experience of El Salvador.  These are also small countries in terms of population and now they can still introduce mass payments using bitcoin, including taking into account the possible use of the LN protocol. 

If I were the population of these countries and local fans of cryptocurrencies, I would draw the attention of my deputies and government officials to the fact that perhaps it is time to repeat such a bold step by Bukele and also start legalizing bitcoin at the level of local legislation.
!!!

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June 25, 2023, 09:41:22 AM
 #1649

I would like to point out that not only in El Salvador before the adoption of the Bukele law on the legalization of bitcoin, the US dollar is the only official currency.  And such countries as East Timor, Ecuador, Zimbabwe and the Marshall Islands also do not have their official currencies issued by the central banks of these countries.  Also, dollars have a completely legal circulation in Guam, Puerto Rico and Palau.  It seems to me that the governments of these countries, simply to ensure the well-being of the people of their countries, are simply obliged to look at the experience of El Salvador.  These are also small countries in terms of population and now they can still introduce mass payments using bitcoin, including taking into account the possible use of the LN protocol. 

If I were the population of these countries and local fans of cryptocurrencies, I would draw the attention of my deputies and government officials to the fact that perhaps it is time to repeat such a bold step by Bukele and also start legalizing bitcoin at the level of local legislation.
!!!
Maybe one day more countries will follow the steps made by Nayib Bukele. Especially several countries that have conditions similar to El Salvador. And in the end it seems it will depend on the president's interest in a particular country. El Salvador is lucky because it has a president who has a high interest in innovation and technology, especially in the field of cryptocurrencies, especially Bitcoin. So it seems that for a country if it wants to follow El Salvador's steps, it must first have a president who has a high interest in bitcoin like Nayib Bukele.

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June 25, 2023, 10:07:47 AM
 #1650

I would like to point out that not only in El Salvador before the adoption of the Bukele law on the legalization of bitcoin, the US dollar is the only official currency.  And such countries as East Timor, Ecuador, Zimbabwe and the Marshall Islands also do not have their official currencies issued by the central banks of these countries.  Also, dollars have a completely legal circulation in Guam, Puerto Rico and Palau.  It seems to me that the governments of these countries, simply to ensure the well-being of the people of their countries, are simply obliged to look at the experience of El Salvador.  These are also small countries in terms of population and now they can still introduce mass payments using bitcoin, including taking into account the possible use of the LN protocol.  

If I were the population of these countries and local fans of cryptocurrencies, I would draw the attention of my deputies and government officials to the fact that perhaps it is time to repeat such a bold step by Bukele and also start legalizing bitcoin at the level of local legislation.
!!!
Maybe one day more countries will follow the steps made by Nayib Bukele. Especially several countries that have conditions similar to El Salvador. And in the end it seems it will depend on the president's interest in a particular country. El Salvador is lucky because it has a president who has a high interest in innovation and technology, especially in the field of cryptocurrencies, especially Bitcoin. So it seems that for a country if it wants to follow El Salvador's steps, it must first have a president who has a high interest in bitcoin like Nayib Bukele.
Yeah, that's exactly right!
The people of El Salvador are lucky to have such an active and young president who is well versed in modern technology.  Including in the IT field.  It remains only to wish the voters of the small countries listed above to finally elect the same young and active presidents.  

And do not elect more people who are over 55-60-70 years old as presidents, who do not see at all how the IT sphere will develop, including blockchain technology and bitcoin.  Unfortunately, voters more often prefer older presidents.  And if such a president does not have young and active advisers, then the chances of bitcoin legalization at the level of the country's legislation are not very great.  
But getting rid of the dictatorship of the US dollar is in any case good for the national development of any country.  And I think that in any case, this ultimately leads to an improvement in the standard of living of the general population.

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June 25, 2023, 01:10:27 PM
Last edit: June 25, 2023, 03:15:11 PM by sokani
Merited by JayJuanGee (1)
 #1651


The El Salvadorian government partners with Cubo+ to train its citizens to become Bitcoin and lightening network developers.

The Bitcoin nation is creating a lot of amazing opportunities for its citizens to fluorish. One of such opportunities is granting full scholarship to 21 students to undergo intensive training with Cubo+ to become the next generation bitcoin and lightning network developers. According to the National Bitcoin Office (ONBTC), the operations of Bitfinex, Strike, Galoy, Ibex, Tiankii and others in the country are going to provide job opportunities for these local bitcoin developers.

Source: https://diarioelsalvador.com/estudiantes-de-cubo-seran-contratados-por-companias-bitcoin/373505/

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June 25, 2023, 04:33:21 PM
 #1652

Maybe one day more countries will follow the steps made by Nayib Bukele. Especially several countries that have conditions similar to El Salvador. And in the end it seems it will depend on the president's interest in a particular country. El Salvador is lucky because it has a president who has a high interest in innovation and technology, especially in the field of cryptocurrencies, especially Bitcoin. So it seems that for a country if it wants to follow El Salvador's steps, it must first have a president who has a high interest in bitcoin like Nayib Bukele.

The IMF continues its fight against bitcoin. Concerned about the success of El Salvador in bitcoin adoption and the success of bitcoin promotion in other countries in Latin America, the IMF is trying to actively promote CBDC as their recommended alternative. And some small countries like the Bahamas and the Eastern Caribbean Currency Union are following suit. I think that this pressure is unlikely to ease anytime soon, so it takes courage like Bukele to stand up to large centralized institutions like the IMF, and not all leaders of small states have that kind of courage.
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June 25, 2023, 06:22:37 PM
 #1653

El Salvador made history by becoming the first country to accept Bitcoin as legal tender. This bold move is expected to change the financial landscape and act as a catalyst for other countries to adopt cryptocurrencies. El Salvador's financial inclusion campaign aims to provide modern financial services to its citizens by using bitcoin as a legal means of payment. But this decision has sparked a controversy especially as it is unregulated as a national currency with potential risks and challenges for many.

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June 25, 2023, 06:40:08 PM
 #1654


The growth and mass adoption of bitcoin in El Salvador,is relatively a  good and promising decision making to it's citizens and country at large.I think he is trying to improve the financial standard Of the country,he has high interest in financial technology and I'm impressed by his capability to ensure and encourage her country to trade and promote the circulation of cryptocurrencies like bitcoin.I'm sure some other president's are making efforts to legalize bitcoin as Nayib bukele as done.It's going to take time though but it's worth it

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June 25, 2023, 11:55:06 PM
 #1655



Max & Stacy are having a graduation party for the inaugural class of CUBO+

Location: Bitcoin Beach
Date: Saturday, 15 July

CUBO+ students & family get first priority tickets

Second priority goes to those flying in


Sign up: https://www.eventbrite.com/e/salvadorans-are-winning-tickets-662046588167

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June 27, 2023, 09:07:40 AM
 #1656

El Salvador To Be Debt Free By 2030 With Bitcoin: Volcanic Power

The country of El Salvador will be in the first phase of the volcano energy project involving $250 million and hopes to reach $1000 million from here. The chairman of Volkano Energy said that in 2030 (with estimates) the market capitalization of El Salvador GDP (grace dominastic product) will exceed 29 billion dollars (mdd) and reach 50000 (mdd).

Details: https://forbescentroamerica.com/2023/06/12/el-salvador-estara-libre-de-deuda-en-2030-con-bitcoin-volcano-energy


By adopting Bitcoin, the country of El Salvador has reached the pinnacle of development and is able to gain reputation in the world. And since the people of the country are very happy Nayeb Bukele has adopted Bitcoin, the country has started to gain popularity. And the country is poised to grow even further because of Bitcoin's grip.


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June 27, 2023, 12:40:53 PM
 #1657



Exactly one year ago today, the first diploma course on Bitcoin was offered to students in El Salvador. The President of Salvador offers a diploma course on Bitcoin among Salvadoran students considering the future of Bitcoin. He later added course-based education on Bitcoin and Bitcoin Lightening at university and college levels in Salvador.

Tweet:Rizzo

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June 27, 2023, 05:40:20 PM
Merited by JayJuanGee (1)
 #1658

Bitcoin City Airport

The proposed design of the future airport of the Bitcoin city, as well as the design of the city itself, was developed by the Mexican architect Fernando Romero. Judging by the picture, a modern building of a large international airport is planned, which will make the Bitcoin city an important hub city.





https://twitter.com/nayibbukele/status/1523800155060797441
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June 27, 2023, 06:48:46 PM
 #1659

This challenge forced me to learn a lot in a short time... a real #bitcoinBTC  LN payment from my own web application. 🇸🇻🧡
(it's a real QR code please do NOT send sats to it... it was used for the example) From Muun to SatochiWallet.
@cuboplus Elite Student,

https://twitter.com/PupusasG/status/1673419908028284928?t=ul71uEHqQbDEaqGyHSK-0w&s=19

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June 29, 2023, 06:34:12 AM
 #1660



Bitcoin Lightening Network Payment Network commission Cost 0.00029%
MasterCard Payment Network commission Cost 3%
Visa payment Network commission Cost 3%

3%/0.00029%= 1000

LN payment Network commission Cost 1000 times Cheaper than Visa and MC

So EI Salvador confirmed LN .

Tweet: https://twitter.com/Volcano_Energy/status/1673805967971045377?t=xruNHZC9YrzK6-JtNscDVA&s=19

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