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bitcoin_mining
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The White House has confirmed that El Salvadoran President Nayib Bukele will meet with President Trump on Monday to talk about Bitcoin.After the legalization of Bitcoin and the adoption of Bitcoin as a legal document, we have seen a lot of discussion about El Salvador. Another new thing has been confirmed and I think it is definitely good news for the people of El Salvador that their country's president will meet with American President Donald Trump to talk about Bitcoin. We never imagined that El Salvador would be so talked about after accepting Bitcoin as a legal document. When the president of this country accepted Bitcoin as a legal document in their country, the people of their country, as well as the media in their country and the leaders of the president's own party, did not take it well, but he still made such a decision. Seeing that he took such a risk and made such a decision about Bitcoin, now their country is so talked about and so successful in a short time. Hopefully, after meeting with the American president, the president of the country will bring more good news about Bitcoin to the people of their country. https://x.com/BitcoinMagazine/status/1910775391356358842?t=Q5fbFH42-9HnxF_waiKWvQ&s=19
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JayJuanGee
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Self-Custody is a right. Say no to "non-custodial"
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April 14, 2025, 01:21:17 PM |
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The White House has confirmed that El Salvadoran President Nayib Bukele will meet with President Trump on Monday to talk about Bitcoin.After the legalization of Bitcoin and the adoption of Bitcoin as a legal document, we have seen a lot of discussion about El Salvador. Another new thing has been confirmed and I think it is definitely good news for the people of El Salvador that their country's president will meet with American President Donald Trump to talk about Bitcoin. We never imagined that El Salvador would be so talked about after accepting Bitcoin as a legal document. When the president of this country accepted Bitcoin as a legal document in their country, the people of their country, as well as the media in their country and the leaders of the president's own party, did not take it well, but he still made such a decision. Seeing that he took such a risk and made such a decision about Bitcoin, now their country is so talked about and so successful in a short time. Hopefully, after meeting with the American president, the president of the country will bring more good news about Bitcoin to the people of their country. https://x.com/BitcoinMagazine/status/1910775391356358842?t=Q5fbFH42-9HnxF_waiKWvQ&s=19 From your linked information, it appears that Bukele is going to New York, and they seem to be planning to talk about gang member repatriation issues. So, sure maybe bitcoin will end up coming up during their conversation/meeting, perhaps?
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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cxtreenal
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April 14, 2025, 05:16:29 PM |
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The White House has confirmed that El Salvadoran President Nayib Bukele will meet with President Trump on Monday to talk about Bitcoin.
https://x.com/BTC_Archive/status/1911813283201360257El Salvadoran President Nayib Bukele has entered the White House for important talks and has been warmly welcomed by the US President. The reason El Salvador is in the news so much is because their President Bukele has taken the bold step of accepting Bitcoin and is building a huge holding. An example for any other country in the world to emulate.
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Just Say
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April 14, 2025, 05:35:37 PM Merited by JayJuanGee (1) |
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From your linked information, it appears that Bukele is going to New York, and they seem to be planning to talk about gang member repatriation issues. So, sure maybe bitcoin will end up coming up during their conversation/meeting, perhaps?
We have learned through various news portals that El Salvador's president and US president have already held a meeting. In fact the most important point of their discussion in our view was to discuss the exiled persons, even it has become clear that Abrego Garcia was a terrorist so he would not be released in any way. Since these two presidents they know and love Bitcoin, I thought they might have a very important discussion about Bitcoin but now they have not mentioned anything about Bitcoin at this meeting. By the way here are all the aspects of the meeting between these two presidents. Bukele says at White House that El Salvador won't return mistakenly deported man
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coupable
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April 14, 2025, 06:22:07 PM |
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The Bybit exchange hacking incident a few days ago has created a kind of uncertainty and loss of trust in centralized exchanges among people. Moreover, no matter how much we think about it, the people of Salvador are losing faith in the Central Exchanges, including the Chivo wallet. After the massive liquidation in the crypto market right now, people in any country will lose some confidence in Bitcoin. Will the people of El Salvador be an exception?
People in El Salvador have never trusted their president's Bitcoin ambitions, and the president himself (the initiator) knows this very well, as he is fully aware of his country's economic situation, which lacks the necessary infrastructure to support such plans. When the plan was launched, the government launched a Bitcoin wallet, and to encourage citizens to use it, a $30 reward was offered to anyone who downloaded the wallet and successfully completed the registration steps (centralized wallet). People, of course, rushed to download the wallet and spend the $30 so that they would never use it again. There's nothing said they never trust their president ambition or decision, but rather Salvadorans mostly avoid for using this coin its because for sure they don't know how to deal with their Bitcoins. He would never secure his second term if people don't trust him. That's why at the moment there's ongoing Bitcoin education happening. There are lots of information shared about it by other member which provably could help people to understand well about Bitcoin. Their first try maybe failed its because people don't have knowledge about Bitcoin. But since there are great initiatives done and the government of El Salvador is consistent with their intention and show to people how good Bitcoin is for sure that great time would come for their country also with their citizens to. Do you really think this is enough to make the concept a success? El Salvador lacks the technical infrastructure necessary to adopt Bitcoin as an official currency, since, as you mentioned, the population is not yet ready to accept advanced technological uses, especially with high illiteracy rates and early school dropouts. This is in addition to the economic deficit El Salvador is experiencing. Did you know that El Salvador was forced to stop purchasing Bitcoin in response to the FMI's conditions for obtaining a loan? What would the president, beloved by Salvadorans, respond to the government's high-interest borrowing while simultaneously fulfilling his promise to buy Bitcoin daily to add to the country's reserve portfolio?
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BayAreaCoins
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AltQuick.com Secretary/PR/Janitor
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April 15, 2025, 03:40:11 AM Merited by JayJuanGee (1) |
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Damn, El Salvador is about to become the USA's Global prison for non American citizens.
Like Guantanamo Bay, but bigger and cheap.
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https://AltQuick.com/exchange/ - A Bitcoin based exchange for Altcoins & Testnet (no fiat or KYC) - Free Coins - Privacy Coins - Real Testnet Trading with Bitcoin!!! (o my!) - A very strong 50% share affiliate program.
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Fara Chan
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April 15, 2025, 06:07:24 AM |
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We have learned through various news portals that El Salvador's president and US president have already held a meeting. In fact the most important point of their discussion in our view was to discuss the exiled persons, even it has become clear that Abrego Garcia was a terrorist so he would not be released in any way. Since these two presidents they know and love Bitcoin, I thought they might have a very important discussion about Bitcoin but now they have not mentioned anything about Bitcoin at this meeting. By the way here are all the aspects of the meeting between these two presidents. Bukele says at White House that El Salvador won't return mistakenly deported manHopefully they can continue their discussion in a broader direction such as towards the adoption of Bitcoin and wider education about Bitcoin for all their citizens respectively. Because when it comes to Abrego Garcia I don't think Trump himself will care much about returning him to America because his case is very intolerable after I read it here rmoutlook.com so I hope they can work together to build something bigger by leading to Bitcoin because Bitcoin has also been quite famous in both countries for the past few years. I salute the actions of the president of El Salvador not only in being able to discipline the gangsters, but Bukele is also able to educate his citizens by providing quite extraordinary education such as teaching them about Bitcoin so that the citizens of El Salvador have realized that they do not have to continue to rely on fiat money if they want to achieve great profits and mature financial freedom. And that is the only leader of a country who does not want to let his citizens be technologically illiterate and not smart in making money because by them knowing about Bitcoin, of course they already know about investment opportunities by relying on Bitcoin.
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NurseHub
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April 15, 2025, 07:45:20 AM |
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Damn, El Salvador is about to become the USA's Global prison for non American citizens.
Like Guantanamo Bay, but bigger and cheap.
Especially the Mexican cartel members in US prison. That's the actual reason for the meeting and not bitcoin as reserves even though it might slides in at some point of the discussion which may be private for now.
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Popkon6
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April 15, 2025, 11:41:59 AM |
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🔍 If you applied: 📩 Check your email 📅 Stay tuned for upcoming announcements 💥 Get ready for a before-and-after moment in your career. hereEl Salvador is being repeatedly trained and more educated about Bitcoin, which can certainly make Bitcoin more popular in the future. This current situation has made El Salvador more confident, because from among them, a more civilized and educated nation will be created for Bitcoin education, who will be able to hold onto Bitcoin even through difficult circumstances.
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bitcoin_mining
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April 15, 2025, 12:23:11 PM |
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The White House has confirmed that El Salvadoran President Nayib Bukele will meet with President Trump on Monday to talk about Bitcoin.After the legalization of Bitcoin and the adoption of Bitcoin as a legal document, we have seen a lot of discussion about El Salvador. Another new thing has been confirmed and I think it is definitely good news for the people of El Salvador that their country's president will meet with American President Donald Trump to talk about Bitcoin. We never imagined that El Salvador would be so talked about after accepting Bitcoin as a legal document. When the president of this country accepted Bitcoin as a legal document in their country, the people of their country, as well as the media in their country and the leaders of the president's own party, did not take it well, but he still made such a decision. Seeing that he took such a risk and made such a decision about Bitcoin, now their country is so talked about and so successful in a short time. Hopefully, after meeting with the American president, the president of the country will bring more good news about Bitcoin to the people of their country. https://x.com/BitcoinMagazine/status/1910775391356358842?t=Q5fbFH42-9HnxF_waiKWvQ&s=19 From your linked information, it appears that Bukele is going to New York, and they seem to be planning to talk about gang member repatriation issues. So, sure maybe bitcoin will end up coming up during their conversation/meeting, perhaps? The world knows very well how bold Nayib Bukele has been about Bitcoin, so when Nayib Bukele travels to America and meets Donald Trump, everyone has the impression that Nayib Bukele must have had some discussions with Donald Trump about Bitcoin. Since El Salvador's President Nayib Bukele traveled to America with another main purpose, if President Nayib Bukele had any Bitcoin-related conversations with Donald Trump, then that matter may not be known through social media now, but if the two of them discuss Bitcoin in general and discuss if the president can take some better steps regarding El Salvador, then I think that is definitely good for El Salvador's Bitcoin.
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SuperBitMan
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April 15, 2025, 02:03:21 PM |
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From your linked information, it appears that Bukele is going to New York, and they seem to be planning to talk about gang member repatriation issues. So, sure maybe bitcoin will end up coming up during their conversation/meeting, perhaps?
We have learned through various news portals that El Salvador's president and US president have already held a meeting. In fact the most important point of their discussion in our view was to discuss the exiled persons, even it has become clear that Abrego Garcia was a terrorist so he would not be released in any way. Since these two presidents they know and love Bitcoin, I thought they might have a very important discussion about Bitcoin but now they have not mentioned anything about Bitcoin at this meeting. By the way here are all the aspects of the meeting between these two presidents. Bukele says at White House that El Salvador won't return mistakenly deported manI don't think there's anything to discuss about bitcoin they are both interested in Bitcoin and both president are investing in Bitcoin already in the way they feel is best for them, they can't be talking about how to combine resources to accumulate and hold Bitcoin so there's no point talking about Bitcoin because they are already into Bitcoin. The two president see there self as two people who has same goal when it comes to bitcoin in the world so if there was any matter of importance maybe the free will of people getting involve in Bitcoin investment I think they may have talked about Bitcoin but because the both president are still on the right track when it comes to Bitcoin then there's nothing to discuss about it.
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JayJuanGee
Legendary
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Activity: 4312
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Self-Custody is a right. Say no to "non-custodial"
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April 15, 2025, 02:25:34 PM |
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...
We have learned through various news portals that El Salvador's president and US president have already held a meeting. In fact the most important point of their discussion in our view was to discuss the exiled persons, even it has become clear that Abrego Garcia was a terrorist so he would not be released in any way. Since these two presidents they know and love Bitcoin, I thought they might have a very important discussion about Bitcoin but now they have not mentioned anything about Bitcoin at this meeting. By the way here are all the aspects of the meeting between these two presidents. Bukele says at White House that El Salvador won't return mistakenly deported manHopefully they can continue their discussion in a broader direction such as towards the adoption of Bitcoin and wider education about Bitcoin for all their citizens respectively. Because when it comes to Abrego Garcia I don't think Trump himself will care much about returning him to America because his case is very intolerable after I read it here rmoutlook.com so I hope they can work together to build something bigger by leading to Bitcoin because Bitcoin has also been quite famous in both countries for the past few years. I salute the actions of the president of El Salvador not only in being able to discipline the gangsters, but Bukele is also able to educate his citizens by providing quite extraordinary education such as teaching them about Bitcoin so that the citizens of El Salvador have realized that they do not have to continue to rely on fiat money if they want to achieve great profits and mature financial freedom. And that is the only leader of a country who does not want to let his citizens be technologically illiterate and not smart in making money because by them knowing about Bitcoin, of course they already know about investment opportunities by relying on Bitcoin. I don't see any reason to celebrate various kinds of likely unlawful extraditions from the United States to El Salvador or to any other country, and Trump's attempt to play around with ambiguities in the US justice system and/or international law ambiguities/weaknesses to the extent that international law might need to exist to send US residents and/or US citizens to foreign countries without any kind of due process, including notice and/or a right to a hearing. There should be basic rights that anyone has whether they are actually a criminal or not, so that authorities do not just make shit up and end up sending innocent people outside of the country and then proclaim that they don't have rights anymore or they are subject to the laws of another jurisdiction. Surely constitutional crises can be created when various branches of the government do not have checks and balances. In the case of Garcia, there was even an admission from the US Govt that Garcia had been mistakenly sent to El Salvador, so I doubt that the answers are clear or that there are agreements about what should be done or could be done, even if some guys might believe that it is a good idea to take away due process rights with a belief that ONLY the bad guys will end up getting punished more efficiently... and surely so many years (centuries even) in the US, there has been touting that it is better to allow some potentially guilty folks go free than to lock up innocent people. We do not need to disagree, yet that remains part of the justification that so called "criminals" are allowed to have vigorous advocacy in the USA legal system. Sure we could attempt to mix bitcoin idealism with these matters too, and many bitcoiners advocate for less government and sometimes we might also start to conclude that laws are no longer our friends because they are abused by governments or they are tools of government or they are used by the supposed "criminals" to tie up the hands of government, yet I doubt that the answers are so clear in terms of just presuming that so many forms of government are just contributing to injustices and/or inefficiencies, even though there could be some truth in regards to various spins that can be made. I doubt that any of these matters are black and white, yet any of us should get worried if people are allowed to be sent to other countries through the hands of governments (or even if it were to be through private institutions) without any due process rights such as notice and a hearing. I am not going to claim that injustices don't already take place, and that due process rights are always followed, yet sometimes we might need to consider some of the details merely than listening to either political spins or even sometimes media spins on the matter before coming to conclusions that presume the government is acting in good faith or that they have the various powers that they claim to have over citizens. From your linked information, it appears that Bukele is going to New York, and they seem to be planning to talk about gang member repatriation issues. So, sure maybe bitcoin will end up coming up during their conversation/meeting, perhaps?
We have learned through various news portals that El Salvador's president and US president have already held a meeting. In fact the most important point of their discussion in our view was to discuss the exiled persons, even it has become clear that Abrego Garcia was a terrorist so he would not be released in any way. Since these two presidents they know and love Bitcoin, I thought they might have a very important discussion about Bitcoin but now they have not mentioned anything about Bitcoin at this meeting. By the way here are all the aspects of the meeting between these two presidents. Bukele says at White House that El Salvador won't return mistakenly deported manI don't think there's anything to discuss about bitcoin they are both interested in Bitcoin and both president are investing in Bitcoin already in the way they feel is best for them, they can't be talking about how to combine resources to accumulate and hold Bitcoin so there's no point talking about Bitcoin because they are already into Bitcoin. The two president see there self as two people who has same goal when it comes to bitcoin in the world so if there was any matter of importance maybe the free will of people getting involve in Bitcoin investment I think they may have talked about Bitcoin but because the both president are still on the right track when it comes to Bitcoin then there's nothing to discuss about it. Why do we need to presume that they talked about bitcoin or that they did not talk about bitcoin? My main point in my initial response to bitcoin_mining was that the earlier linked article did not say anything in terms of the meeting between them being about bitcoin or relating to bitcoin even though bitcoin_mining made his post all about bitcoin and then linked an article talking about extradition issues and not even mentioning bitcoin, yet supposing that they were meeting about bitcoin and then continuing to suppose that they were meeting about bitcoin. Sure, it is possible that Bukele and Trump may have ended up talking about bitcoin, yet we cannot presume that they did or that they did not talk about bitcoin merely based on their having had met and their having some interest in the topic of bitcoin. Politics can become complicated, including if the various aspects of bitcoin might be overlapped into other kinds of policy priorities and/or even ways of spinning matters, since Bukele has continued to be a quite popular leader, yet he could still end up getting caught up in some political matters (and even battles) that might not have had been his intentions.
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Just Say
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April 15, 2025, 04:01:00 PM |
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From your linked information, it appears that Bukele is going to New York, and they seem to be planning to talk about gang member repatriation issues. So, sure maybe bitcoin will end up coming up during their conversation/meeting, perhaps?
We have learned through various news portals that El Salvador's president and US president have already held a meeting. In fact the most important point of their discussion in our view was to discuss the exiled persons, even it has become clear that Abrego Garcia was a terrorist so he would not be released in any way. Since these two presidents they know and love Bitcoin, I thought they might have a very important discussion about Bitcoin but now they have not mentioned anything about Bitcoin at this meeting. By the way here are all the aspects of the meeting between these two presidents. Bukele says at White House that El Salvador won't return mistakenly deported manI don't think there's anything to discuss about bitcoin they are both interested in Bitcoin and both president are investing in Bitcoin already in the way they feel is best for them, they can't be talking about how to combine resources to accumulate and hold Bitcoin so there's no point talking about Bitcoin because they are already into Bitcoin. The two president see there self as two people who has same goal when it comes to bitcoin in the world so if there was any matter of importance maybe the free will of people getting involve in Bitcoin investment I think they may have talked about Bitcoin but because the both president are still on the right track when it comes to Bitcoin then there's nothing to discuss about it. You are misunderstanding here because the link I published above is clearly analyzed every point of their meeting separately. In fact, we have learned that the main content of the meeting between El Salvador and the President of the United States was various conversations on immigration, security and trade. It is also important to note that the name of a terrorist was also presented. Even it was true that since they knew about Bitcoin, everyone thought that Bitcoin could certainly have an important discussion but they did not do that at this meeting. You may have seen before that these two presidents had a phone conversation probably in January but the price of Bitcoin had increased significantly. However this news says that Trump and Nayib Bukele are discussing Bitcoin. Landmark Meeting: Trump and El Salvador President Discuss Bitcoin Adoption Strategy?
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avp2306
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April 15, 2025, 09:39:24 PM |
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I don't think there's anything to discuss about bitcoin they are both interested in Bitcoin and both president are investing in Bitcoin already in the way they feel is best for them, they can't be talking about how to combine resources to accumulate and hold Bitcoin so there's no point talking about Bitcoin because they are already into Bitcoin. The two president see there self as two people who has same goal when it comes to bitcoin in the world so if there was any matter of importance maybe the free will of people getting involve in Bitcoin investment I think they may have talked about Bitcoin but because the both president are still on the right track when it comes to Bitcoin then there's nothing to discuss about it.
You are misunderstanding here because the link I published above is clearly analyzed every point of their meeting separately. In fact, we have learned that the main content of the meeting between El Salvador and the President of the United States was various conversations on immigration, security and trade. It is also important to note that the name of a terrorist was also presented. Even it was true that since they knew about Bitcoin, everyone thought that Bitcoin could certainly have an important discussion but they did not do that at this meeting. You may have seen before that these two presidents had a phone conversation probably in January but the price of Bitcoin had increased significantly. However this news says that Trump and Nayib Bukele are discussing Bitcoin. Landmark Meeting: Trump and El Salvador President Discuss Bitcoin Adoption Strategy?People just got hype on that situation since many think that meet up has something to do with Bitcoin while in fact they discuss about other matters related to that extradition happened. People are buying wrongfully the news spread and we can't also blame people to believe that since there are news article saying that Bukele and Trump meet to discuss about Bitcoin. I think its not the best set up to talk about Bitcoin and related to it since they are discussing about other concerns related to the case of Garcia. There's also possibilities that they talk about Bitcoin especially both of them is pro Bitcoin but maybe they just made a short chit chat about it. But for sure in future their are perfect time that Trump and Bukele including global leaders will talk serious matter about Bitcoin.
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gunhell16
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April 16, 2025, 08:43:22 AM Merited by JayJuanGee (1) |
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Most countries still haven't followed El Salvador's lead in adopting bitcoin as legal tender in their jurisdictions, except for the Central African Republic (CAR). These two are the only ones who have been enthusiastic about making Bitcoin legal tender.
Although this time President Trump made an executive order on Bitcoin Reserves in the US, it seems like they are not at this level yet to make it legal tender like in El Salvador and maybe bitcoin reserves are different from making Bitcoin legal tender?
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Aanuoluwatofunmi
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April 16, 2025, 09:39:54 AM |
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Most countries still haven't followed El Salvador's lead in adopting bitcoin as legal tender in their jurisdictions, except for the Central African Republic (CAR). These two are the only ones who have been enthusiastic about making Bitcoin legal tender.
I think I once heard of the interest of Panama making bitcoin a legal currency for payment in the country and the whole bill was passed and since then, we don't hear anything further more on the status of whether it was accepted or not, also, we couldn't find out if that same move also requires a second reading to increase their deliberations over the matter or not, but if was something that will be well appreciated by us all in bitcoin community seeing that countries like Panama, Brazil, Singapore, US, UK and many others could give Bitcoin the support needed for a legal tender adoption and from there other countries could pick up.
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Cryptmuster
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April 16, 2025, 10:19:18 AM |
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Most countries still haven't followed El Salvador's lead in adopting bitcoin as legal tender in their jurisdictions, except for the Central African Republic (CAR). These two are the only ones who have been enthusiastic about making Bitcoin legal tender.
Although this time President Trump made an executive order on Bitcoin Reserves in the US, it seems like they are not at this level yet to make it legal tender like in El Salvador and maybe bitcoin reserves are different from making Bitcoin legal tender?
All Trump has done so far is sign a decree on the bitcoin reserve, that's all that's changed, they just transferred the bitcoins they had to the reserve status and promised that they won't sell them. Maybe after the meeting with Bukele, Trump will think about starting to buy bitcoins like Bukele does, although one bitcoin a day is not that much for the US, but it would be a good start to replenish their reserve. On the other hand, it's up to them how they will replenish the reserve, I see that they are considering different ways to do this, let's wait and see what they decide.
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JayJuanGee
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April 16, 2025, 04:26:16 PM |
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Most countries still haven't followed El Salvador's lead in adopting bitcoin as legal tender in their jurisdictions, except for the Central African Republic (CAR). These two are the only ones who have been enthusiastic about making Bitcoin legal tender.
Although this time President Trump made an executive order on Bitcoin Reserves in the US, it seems like they are not at this level yet to make it legal tender like in El Salvador and maybe bitcoin reserves are different from making Bitcoin legal tender?
There had been several countries give lip service the possibility of allowing bitcoin as legal tender. El Salvador went the furthest, and it might well be difficult to consider CAR as very comparable to El Salvador, since CAR seemed to have little to no staying power and they were greatly distracted into various shitcoining so difficult to take the CAR situation as serious even though they did receive quite a bit of publicity over their having had made bitcoin legal tender. Surely, in El Salvador it seems that there had been a lot of concessions to take back the legal tender status, since I am not sure how there can be any proclamation that bitcoin is legal tender if there is not some efforts to compel that it needs to be accepted for the satisfying of debts (or to transact alongside with other possible payment options). I think that prior to the latest agreement with the IMF, El Salvador was not enforcing that merchants had to accept bitcoin, but the law at least stated that they had to accept bitcoin, which at least created incentives for merchants to set up such abilities to accept bitcoin. Also, the government agreeing that it will not accept bitcoin for the payment of taxes seems to be a pretty large concession to lower the importance/status of bitcoin. I suppose that the claims that El Salvador is still engaging in bitcoin education efforts and they are not hostile to bitcoin - these are still elevating the importance/status of bitcoin in their jurisdiction, yet surely it continues to be interesting to see how El Salvador might pass through these times, and hopefully their getting involved with complicated extradition relations with the USA does not add complications to their abilities to focus on bitcoin freedom in the country - even though the extraditions matters don't seem directly related to bitcoin, they do involve ways for El Salvador to raise money from outside sources (blood money?).
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Muba20
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April 16, 2025, 07:32:28 PM |
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When El Salvador did not back down from using Bitcoin in any way, the IMF imposed conditions on the $1.4 billion loan agreement to make El Salvador change its stance on Bitcoin. But despite some conditions being met , they did not change their stance on Bitcoin. I am embarrassed by such conditions of the IMF. Allowing Bitcoin as legal tender has prevented them from making Bitcoin mandatory. The country has constricted the use of Bitcoin for tax purposes. Such things are definitely a proposal to discourage people from using Bitcoin. But the government of the country is not stupid. They have put Bitcoin in their education programs and they are seriously teaching students what they need to do to make them pro Bitcoiners. No matter how hard the international community tries, they will not be able to stop El Salvador from using Bitcoin. The conditions that the IMF has given to regulate the use of Bitcoin are naturally narrowing the scope of Bitcoin use in the country. In charge of the country is definitely steadfast in his principles. He is trying to constantly increase the Bitcoin reserves and in the future the country will definitely be able to become a large holder of Bitcoin. CAR also allows the use of Bitcoin as legal tender, but later the central bank of CEMAC, BEAC, could not operate the CAR due to restrictions to the use of Bitcoin. But El Salvador is surviving. I think in the future, Most African country will again follow El Salvador, they will again allow the use of Bitcoin as legal tender.
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JayJuanGee
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Self-Custody is a right. Say no to "non-custodial"
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April 16, 2025, 10:45:12 PM |
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When El Salvador did not back down from using Bitcoin in any way, the IMF imposed conditions on the $1.4 billion loan agreement to make El Salvador change its stance on Bitcoin. But despite some conditions being met , they did not change their stance on Bitcoin. I am embarrassed by such conditions of the IMF. Allowing Bitcoin as legal tender has prevented them from making Bitcoin mandatory. The country has constricted the use of Bitcoin for tax purposes. Such things are definitely a proposal to discourage people from using Bitcoin. But the government of the country is not stupid. They have put Bitcoin in their education programs and they are seriously teaching students what they need to do to make them pro Bitcoiners. No matter how hard the international community tries, they will not be able to stop El Salvador from using Bitcoin. The conditions that the IMF has given to regulate the use of Bitcoin are naturally narrowing the scope of Bitcoin use in the country. In charge of the country is definitely steadfast in his principles. He is trying to constantly increase the Bitcoin reserves and in the future the country will definitely be able to become a large holder of Bitcoin. CAR also allows the use of Bitcoin as legal tender, but later the central bank of CEMAC, BEAC, could not operate the CAR due to restrictions to the use of Bitcoin. But El Salvador is surviving. I think in the future, Most African country will again follow El Salvador, they will again allow the use of Bitcoin as legal tender. Well your statement that I bolded above sparked me in another idea: "The country has constricted the use of Bitcoin for tax purposes. Such things are definitely a proposal to discourage people from using Bitcoin." Even though the IMF loan restricts El Salvador from accepting tax payments in bitcoin, there still is the dynamic in El Salvador, as far as I remember, that transacting in bitcoin does not create any taxable event in El Salvador, such as a capital gains tax.
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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