First Bitcoin City

[awik p]

that the great news, i think if the el salvador will become the first bitcoin city, and maybe in the future there are many bitcoin city. and i think if this happen, we can use bitcoin and another crpyocurrencies as our regular currencies in that city.
welcome to the future

After the shocking news that El Salvador legalized Bitcoin as a legal tender, now they are making another breakthrough. By building
the first Bitcoin city, this is very positive news and I believe that soon there will be another Bitcoin city. I am more and more amazed
by the government of El Salvador, they are really very brave to take decisions that are less popular, which other countries restrict the use of
Bitcoin more. El Salvador became a haven for Bitcoin supporters, I really hope that many countries will follow in El Salvador's footsteps,
so Bitcoin can grow even faster and can help the economy of many people.

Very interesting concept to be sure. Although I have some doubts about whether they can pull it off. El Salvador has many problems with government, crime, poverty, etc. However these types of futuristic cities have been proposed as one way to bootstrap development in poorer countries. It could work, or it could turn out to be a walled haven for the rich that doesn't benefit the surrounding country, or it could simply fall apart due to poor governance and corruption. Our fingers are crossed.

I actually see elsalvador is not a special country because it legalizes bitcoin. indeed the background of the government is not good so it requires him to use bitcoin. although at least we give a positive appreciation for legalizing bitcoin. if the country that legalized it was a developed country it might have a different story and impact

[1714957948]

1714957948

[BuNga_cute]

that the great news, i think if the el salvador will become the first bitcoin city, and maybe in the future there are many bitcoin city. and i think if this happen, we can use bitcoin and another crpyocurrencies as our regular currencies in that city.
welcome to the future

After the shocking news that El Salvador legalized Bitcoin as a legal tender, now they are making another breakthrough. By building
the first Bitcoin city, this is very positive news and I believe that soon there will be another Bitcoin city. I am more and more amazed
by the government of El Salvador, they are really very brave to take decisions that are less popular, which other countries restrict the use of
Bitcoin more. El Salvador became a haven for Bitcoin supporters, I really hope that many countries will follow in El Salvador's footsteps,
so Bitcoin can grow even faster and can help the economy of many people.

Very interesting concept to be sure. Although I have some doubts about whether they can pull it off. El Salvador has many problems with government, crime, poverty, etc. However these types of futuristic cities have been proposed as one way to bootstrap development in poorer countries. It could work, or it could turn out to be a walled haven for the rich that doesn't benefit the surrounding country, or it could simply fall apart due to poor governance and corruption. Our fingers are crossed.

Indeed, according to several articles that I read on the internet, El Salvador is indeed a country that has many problems. So your doubts
are understandable, and I also think there is a possibility that what the Salvadoran government is doing ends up failing. But we have to appreciate
what the current government of El Salvador is doing, I see that since Nayib Bukele became president of El Salvador, Nayib Bukele has tried to make
a lot of changes. Including legalizing Bitcoin as a legal tender and now building a Bitcoin city. Nayib Bukele's spirit can be seen in leading
the country of El Salvador, I see Nayib Bukele's leadership style is different from previous El Salvador presidents. I believe El Salvador can be
a better country in the future, usually most presidents prefer to take safe steps, but in contrast to Nayib Bukele who took a high-risk step.
This proves Nayib Bukele's passion to make El Salvador even better. Hopefully, El Salvador will change for the better by building a Bitcoin city.

[BlackMan8]

this is a good news.
El Salvador is always one step faster than other countries on Bitcoin. With Bitcoin, El Salvador is now getting more and more attention. This has also promoted the development of El Salvador.

[realcrypto]

El Salvador will be the country to set the pace for other countries to follow when it comes to cryptocurrency and blockchain. The Government of other countries is just trying to fight battles that they can never win. The people of El Salvador are very lucky, I will like to visit the Bitcoin City to experience how it will be like to carry out buying and selling with bitcoin freely in the entire city.

[DdmrDdmr]

<…> I will like to visit the Bitcoin City to experience how it will be like to carry out buying and selling with bitcoin freely in the entire city.

Since bitcoin is legal tender countrywide, the experience you mention won’t be specific to the city itself once built, but rather a de facto countrywide possibility.

On the matter of Bitcoin City itself, I personal have conflicted thoughts:

On the one hand, it could become an international business center, with bitcoin at it’s core. That’s probably one of the main aims behind the project. The VAT taxation only policy is secondary, and likely a transitory pole of attraction for people to pivot business and residence there.

On the other hand, it could turn out to be a bit like the story of the milkmaid and her pail. @Bukele is counting on the bonds to get the project kick-started, but he will still require 17 fold ,just to cover the estimated cost of the public infrastructure. He’s betting highly on bitcoin price going up to pay up for some of the announced projects, and though everyone hopes he’s right (greatly for the sake of each one’s pocket’s sake), there is a chance that these project may meet dire problems if the tide turns for a sustained period of time.

[dimox]

this is good news for bitcoiner in that country, first time will be get positive achievement. maybe, they need to make own crypto, i think this aura will pump it coin.
the question is, is there any plan in this action? or just legalize this game? all of perception, they have good thought to bring people in good future. not only investment, but also believe that crypto will be one of the other good method to do something. good prepare realized will make good future.

[stomachgrowls]

this is good news for bitcoiner in that country, first time will be get positive achievement. maybe, they need to make own crypto, i think this aura will pump it coin.
the question is, is there any plan in this action? or just legalize this game? all of perception, they have good thought to bring people in good future. not only investment, but also believe that crypto will be one of the other good method to do something. good prepare realized will make good future.

It already sparked up some interest on other countries.
I havent remembered well on which one that potential country would make bitcoin as a legal tender after El Salvador
and made out some research and found this one.

https://news.bitcoin.com/5-countries-accept-bitcoin-legal-tender-end-of-next-year-bitmex-ceo/

These are still predictions but lets see if it would really become reality.

[Kasabus]

El Salvador will be the country to set the pace for other countries to follow when it comes to cryptocurrency and blockchain. The Government of other countries is just trying to fight battles that they can never win. The people of El Salvador are very lucky, I will like to visit the Bitcoin City to experience how it will be like to carry out buying and selling with bitcoin freely in the entire city.

Well, wait until El Salvador becomes very profitable and prosperous, then by that time other countries will surely imitate what El Salvador has did. We all know that El Salvador has been facing hard times in its first months with bitcoin and anti bitcoin people has been involved in rallies that failed to drop bitcoin. But at the end of the day, they all come to be united and start to accept bitcoin as their new currency. I think if other countries will start accepting bitcoin too, bitcoin will also work on them. I guess leadership too also matters the most as we need more leaders who are pro crypto rather than being closed minded when it comes to crypto.

[fillippone]

I wasn’t aware of this thread, so I started a new thread specifically focusing on the bond financing it @ddmrddmr briefly summarised on the previous message.

You can read my thread on be bond here.

Everything you wanted to know about ES Volcano Bond and were afraid to ask!

As you can see the focus is quite different, so I think those two thread, if properly managed, can happily coexist.

[Easteregg69]

How about ADA city. Get a bag and live from the dividends?

Get real.

[Artemis3]

If El Salvador maintains a pro bitcoin attitude as State policy (instead of a single party or ruling group) it will become the wealthiest country in Central America, and the neighbors will have no choice but to try get a piece of the pie by going pro bitcoin.

I'm only worried that if the Bukele party stops being in power the others would adopt the opposite attitude out of revenge. That is how our Latin American countries do politics, and is the reason they have remained in poverty for so long.

The people from El Salvador will hopefully see this and keep voting for them, this opportunity is unique and will never return.

Arena and "El Frente" are disgusting and should be ashamed for their typical myopic attitude that left their own country in poverty for decades.

[Wiwo]

How about ADA city. Get a bag and live from the dividends?

Get real.

I think El Salvador is only interested in Bitcoin for now and I have not hard of any altcoins investment in that country, may be in the future el Salvador may diversify but nothing on that at the moment.

[haasanjui]

New city EI Salvador is been making with the 1B budget. Technology minister of their said، we buy half of Bitcoin and use half of 1B in instrafrucre  of bitcoin mining. And its work will complete in 60 days.

[menoiazei]

Bravo El Salvador for doing this
How can we get involved to support it??

[famososMuertos]

...///...:.:
I actually see elsalvador is not a special country because it legalizes bitcoin. indeed the background of the government is not good so it requires him to use bitcoin. although at least we give a positive appreciation for legalizing bitcoin. if the country that legalized it was a developed country it might have a different story and impact

But of course it is special,  if something conceived bitcoin in its essence it is that it is within the reach of any idea regardless of the economic status of the individual, organization or in this case a country.

...///...:.:
 if the country that legalized it was a developed country it might have a different story and impact

How to know !! It is a conjecture within a conjecture, that is, there is no antecedent, we do not know, anyway the story is being written by El Salvador and for now the currency is still legal, this is very important.

[freedomgo]

El Salvador will be the country to set the pace for other countries to follow when it comes to cryptocurrency and blockchain. The Government of other countries is just trying to fight battles that they can never win. The people of El Salvador are very lucky, I will like to visit the Bitcoin City to experience how it will be like to carry out buying and selling with bitcoin freely in the entire city.

So far, El Salvador is still the first country to adopt bitcoin as a currency and the first to build a bitcoin city. Bitcoin has definitely made a huge success in this country as they are now starting to widen their scope when it comes to bitcoin. And i think having this bitcoin city will bring more fortune to El Salvador as its bound to attract a lot of investors and traders from different countries. This will end up generating profits for the people of El  Salvador.

[pushups44]

I really hope the price of bitcoin can stabilize or rise so as to prevent naysayers from bashing bitcoin over this and discouraging future leaders from creating similar types of bitcoin cities. However, the price action of bitcoin is unlikely to deter further global adoption as we see in El Salvador.

[Wiwo]

I really hope the price of bitcoin can stabilize or rise to prevent naysayers from bashing bitcoin over this and discouraging future leaders from creating similar types of bitcoin cities. However, the price action of bitcoin is unlikely to deter further global adoption as we see in El Salvador.

To a far extent bitcoin price has been stable enough, anywhere around 40k is still a bull market, and judging from recent price movements Bitcoin is more stable now than ever before. Bitcoin global adoption may take some time but it will eventually happen.

[haasanjui]

El salvador is became a first country in world who accept bitcoin is a legal tender. And it is also known as First bitcoin city. Because government gave 1B fund for make city and information minister has invested half of 1B in bitcoin.

[MrcMrc]

El salvador is became a first country in world who accept bitcoin is a legal tender. And it is also known as the First bitcoin city. Because the government gave 1B fund for make city and information minister has invested half of 1B in bitcoin.

Take it or leave it El Salvador is already the world-leading country when it comes to bitcoin adoption and the truth is in the next few years to come other countries will be looking up to el Salvador to grow their cryptocurrency space and economic benefits of bitcoin in an economy.