El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻

[hZti]

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.

[1714291740]

1714291740

[Bitcoin_people]

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

[Abiky]

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.

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

[Nothingtodo]

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

[YUriy1991]

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.

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.

[jokers10]

...
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.

[Who is John Galt?]

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.

[Bd officer]

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.

The Bitcoin Office announced that Ammous would “advise on matters related to various economic policies. As time passes, more will likely become clear about exactly what his role will be. Interestingly, it was also announced that he has declined remuneration for the role, and “is interested only in supporting President Bukele’s bold policy of economic liberty and bitcoin. Saifedean had said in an interview released earlier in the same day that El Salvador could potentially pay off its debts by adopting bitcoin as a reserve asset. He said, “Starting to accumulate bitcoin little by little will make it possible to pay off many of the State’s obligations. As debts around the world continue to rise, and governments continue to pay off old debt by issuing new debt in the continuous fiat Ponzi scheme, more countries might look to follow El Salvador’s example. Years from now, we might look back at this partnership as a key rung in the ladder towards a world based on a bitcoin standard.

Watch link

[Popkon6]

🎉FELICIDADES!

Este jueves, 45 alumnos del Instituto Nacional de Alegría, #ElSalvador, completaron el #BitcoinDiploma 👏
¡Gracias por hacerlo posible!🫡 @bitfinex🍃
#MissionFinancialFreedom #Bitcoin   

https://twitter.com/MyfirstBitcoin_/status/1662158468067753999?t=NT47VBJssWRGBEIUBxRIBQ&s=19

Welcome to 45 students completing Diploma on Bitcoin. This is Naib Bukele's only chance to make El Salvador stand tall in front of the world. This bitcoin teaching diploma institute can gain more reputation in future.

[Out of mind]

This is the cover of Diario ElSalvador for this Wednesday, May 31, 2023.
https://twitter.com/elsalvador/status/1663772293233885185?s=19

[Muba20]

The Bitcoin Office announced that Ammous would “advise on matters related to various economic policies. As time passes, more will likely become clear about exactly what his role will be. Interestingly, it was also announced that he has declined remuneration for the role, and “is interested only in supporting President Bukele’s bold policy of economic liberty and bitcoin. Saifedean had said in an interview released earlier in the same day that El Salvador could potentially pay off its debts by adopting bitcoin as a reserve asset. He said, “Starting to accumulate bitcoin little by little will make it possible to pay off many of the State’s obligations. As debts around the world continue to rise, and governments continue to pay off old debt by issuing new debt in the continuous fiat Ponzi scheme, more countries might look to follow El Salvador’s example. Years from now, we might look back at this partnership as a key rung in the ladder towards a world based on a bitcoin standard.

Since adopting Bitcoin as legal tender in September 2021, the country has largely created a positive Bitcoin environment and El Salvador's President Nayib Bukele is taking appropriate measures to further strengthen their reliance on Bitcoin. Following this, President Nayib Bukele invited Palestinian economist and author of "The Bitcoin Standard" Saifedean Ammous as a bitcoin expert. Interestingly, as of this writing he is also such a Bitcoin enthusiast that he won't take his salary to hire him as a Bitcoin consultant in El Salvador. It is proved that , he is the one dedicated to the development of Bitcoin. Since his appointment, it has become more apparent how much El Salvador wants to rely on Bitcoin.

[Uruhara]

🎉FELICIDADES!

Este jueves, 45 alumnos del Instituto Nacional de Alegría, #ElSalvador, completaron el #BitcoinDiploma 👏
¡Gracias por hacerlo posible!🫡 @bitfinex🍃
#MissionFinancialFreedom #Bitcoin   

https://twitter.com/MyfirstBitcoin_/status/1662158468067753999?t=NT47VBJssWRGBEIUBxRIBQ&s=19

Welcome to 45 students completing Diploma on Bitcoin. This is Naib Bukele's only chance to make El Salvador stand tall in front of the world. This bitcoin teaching diploma institute can gain more reputation in future.

I am always amazed by every real step taken in the country of El Salvador in building awareness and growing awareness in the people about Bitcoin. They don't talk nonsense. Nayib bukele is really working on every single thing he has planned to make Bitcoin more widely used there. So that the legalization of Bitcoin as a legal means of payment there will begin to show results when people there start to have insight about Bitcoin. Let's see 2 or 3 years from now. I see something extraordinary is about to happen. and people who make fun of Nayib Bukele will one day be silent.

[famososMuertos]

...//...::,,,, El Salvador because learning about Bitcoin will surely bring them success.

First of all, thanks for the opportune publication of this news, so, a thread can be carried with updated news without the need to create new topics.

Regarding the bitcoin theme of his post, Bukele surrounds himself with people who are not only committed to bitcoin from an academic point of view but also intellectually or from its premises, believing in bitcoin does not mean that it is obvious to follow him for all those ideals " utopian", many followers are for the matter of money or because it is a technology that depending on who the adviser is can bring benefits. It is interesting to know that he makes his economic interests very clear.

Bukele understands that he is running a marathon with bitcoin and not a 5Km  race.

[Minhxx]

in my country 90% of people have a bank card, people know about bitcoin, only young people 8x, 9x. My country recommends and does not protect bitcoin users when there is a civil dispute

[Nothingtodo]

in my country 90% of people have a bank card, people know about bitcoin, only young people 8x, 9x. My country recommends and does not protect bitcoin users when there is a civil dispute

Most people in my country are uneducated and live below the poverty line. They don't know about Bitcoin but Bitcoin has been declared illegal in all political circles of my country so if people in my country use Bitcoin they are convicted and sent to jail under various laws. People in my country who have idea about Bitcoin also cannot use Bitcoin directly. They also do Bitcoin transactions avoiding the police.

[ancafe]

Most people in my country are uneducated and live below the poverty line. They don't know about Bitcoin but Bitcoin has been declared illegal in all political circles of my country so if people in my country use Bitcoin they are convicted and sent to jail under various laws. People in my country who have idea about Bitcoin also cannot use Bitcoin directly. They also do Bitcoin transactions avoiding the police.

It happens in almost several poor countries and including where I live, bitcoin activity in our area is legal as a commodity asset and so far the growth of bitcoin is increasing the adoption that is happening. But for rural areas bitcoin is still considered a new thing, for some people who are not familiar with the internet. Internet network limitations are a little slower in spreading knowledge about bitcoin to the public and this is what I saw a few years ago, especially in my area. Fortunately for now many people under the age of 40 are more familiar with bitcoin and even more people are already involved in investing as much as they can afford.

Does your country also restrict bitcoin as a commodity asset? because if the activity of payment transactions is prohibited there is still a possibility of being legal as a commodity asset, exactly what happened in my country and so far bitcoin's growth in terms of adoption has grown so fast since the previous two years.

[Franctoshi]

🎉FELICIDADES!

Este jueves, 45 alumnos del Instituto Nacional de Alegría, #ElSalvador, completaron el #BitcoinDiploma 👏
¡Gracias por hacerlo posible!🫡 @bitfinex🍃
#MissionFinancialFreedom #Bitcoin   

https://twitter.com/MyfirstBitcoin_/status/1662158468067753999?t=NT47VBJssWRGBEIUBxRIBQ&s=19

Welcome to 45 students completing Diploma on Bitcoin. This is Naib Bukele's only chance to make El Salvador stand tall in front of the world. This bitcoin teaching diploma institute can gain more reputation in future.

These 45 students completion of Diploma on Bitcoin is a welcomed development and a great future investment on these citizens and for the country too. Since their adoption of Bitcoin, El Salvador is really pushing hard and aren't giving up in taking a lead in the adoption of Bitcoin as a country and since they made Bitcoin a legal tender in their country . Now it seems like nothing but this bold step forward and efforts by El Salvador in educating its citizens will definitely yield positive results in the coming future when Bitcoin have reached a certain level of adoption.

[yohananaomi]

in my country 90% of people have a bank card, people know about bitcoin, only young people 8x, 9x. My country recommends and does not protect bitcoin users when there is a civil dispute

Most people in my country are uneducated and live below the poverty line. They don't know about Bitcoin but Bitcoin has been declared illegal in all political circles of my country so if people in my country use Bitcoin they are convicted and sent to jail under various laws. People in my country who have idea about Bitcoin also cannot use Bitcoin directly. They also do Bitcoin transactions avoiding the police.

indeed education greatly influences every line of life, including technological advances, which of course include bitcoins. with the advancement of education and economic levels, it is certain that knowledge about bitcoin will be easily applied and even many will want to continue to know.
but indeed, as you experience where in your country bitcoin is an illegal action, of course it is better to follow the rules that have been set because the impact is of course very undesirable if you violate it. but believe and I really believe that many countries will inevitably adopt and accept bitcoin, of course it doesn't prohibit it even though it can't be used as a legal transaction tool, as implemented in my country.

[n0ne]

in my country 90% of people have a bank card, people know about bitcoin, only young people 8x, 9x. My country recommends and does not protect bitcoin users when there is a civil dispute

Most people in my country are uneducated and live below the poverty line. They don't know about Bitcoin but Bitcoin has been declared illegal in all political circles of my country so if people in my country use Bitcoin they are convicted and sent to jail under various laws. People in my country who have idea about Bitcoin also cannot use Bitcoin directly. They also do Bitcoin transactions avoiding the police.

We were able to come across similar situation in different countries. In particular Bangladesh used to arrest people using cryptocurrency and send them to prison. This had been the situation and people continue to use it. What makes them use is the real ability of bitcoin and believing that the government will understand the real purpose of bitcoin someday. Most of the people residing in Bangladesh used to travel to India for the purpose of trading and other usages with cryptocurrency. When we're interested into something we need to make plans and follow it.

[Wiwo]

]

We were able to come across similar situation in different countries. In particular Bangladesh used to arrest people using cryptocurrency and send them to prison. This had been the situation and people continue to use it. What makes them use is the real ability of bitcoin and believing that the government will understand the real purpose of bitcoin someday. Most of the people residing in Bangladesh used to travel to India for the purpose of trading and other usages with cryptocurrency. When we're interested into something we need to make plans and follow them.

India has not been the best crypto-friendly country and the choice of the government and to issue a straight ban on Bitcoin made it so hard for its citizens to be able to properly propel the adoption of Bitcoin within the citizens.

Unlike El Salvador that have Bitcoin legally signed and acceptable as a national currency, this has paved the way for so many other developments that have changed the face of El Salvador's technological hubs.

If India can have such adoption of Bitcoin, it will help their economy greatly since then citizens will have option and alternatives to facts.