First Bitcoin City

[jostorres]

Once again the Treasury Minister confirm about the stand on bitcoin as legal tender. El Salvador have taken a strong decision and are sticking to it even after several warnings from IMF. Quoting the market volatility IMF requested El Salvador government to reject bitcoin forever and dismiss it's new found crypto agenda. The president responded with a simple meme "I see you, IMF. That's very nice".

Now Alejandro Zelaya(Treasury Minister) have mentioned bitcoin as a way for the country to be more independent. About the crypto adoption he adds, Countries are sovereign nations, and they take sovereign decisions about public policy. No international organisation is going to make us do anything, anything at all.

That's good that they are keeping us updated about the status of btc on El Salvador but it looks not really good for them to know that El Salvador have rejected their offer once again of stopping the use of bitcoin on their country but props to El Salvador for doing a brave decision. They shows that they can handle whatever problems that they might face later on because of their acceptance of bitcoin in their country.

With the meme that they posted, I think that means they did notice the IMF and their warnings and they thank them for their concerns but no, sorry their decisions are final and they will push it until the end. Bitcoin is an independent currency so yes it makes anyone that adopts it independent as well.

[1715187259]

1715187259

[e_abrams]

Those plans about the Bitcoin city were announced in November last year. Have there been any further developments since then? I have not heard anything new about this project for quite some time now, now that I think about it.

[ForeignAir0258]

yes that is true..paying with Bitcoin is beeing reality! 


https://cryptocurrency-21.com/article/paying-with-bitcoin-is-no-longer-just-an-idea-it-has-already-become-a-reality/

[Wiwo]

Those plans about the Bitcoin city were announced in November last year. Have there been any further developments since then? I have not heard anything new about this project for quite some time now, now that I think about it.

The Bitcoin city project have been kick off and at a developmental stage, there is several news on that direction in the public domain, you can read other related thread that seek to discuss more details on the progress of the first Bitcoin city and also check out the thread and have a read through you will fine credible information on the state of thing with the Bitcoin city project. You can also read through this article to get updated with the launch of the project and other information.

https://indianexpress.com/article/explained/explained-el-salvador-bitcoin-city-7635303/

[fillippone]

Those plans about the Bitcoin city were announced in November last year. Have there been any further developments since then? I have not heard anything new about this project for quite some time now, now that I think about it.

The Bitcoin city project have been kick off and at a developmental stage, there is several news on that direction in the public domain, you can read other related thread that seek to discuss more details on the progress of the first Bitcoin city and also check out the thread and have a read through you will fine credible information on the state of thing with the Bitcoin city project. You can also read through this article to get updated with the launch of the project and other information.

https://indianexpress.com/article/explained/explained-el-salvador-bitcoin-city-7635303/

Good to know they are moving ahead.
This is an ambitious project, with multiyear development and many stars have to align to see it completed.
I guess it is could potentially bigger project ever for El Salvador, so good to hear this is moving in the right direction.

[mamesso]

The Bitcoin city project have been kick off and at a developmental stage, there is several news on that direction in the public domain, you can read other related thread that seek to discuss more details on the progress of the first Bitcoin city and also check out the thread and have a read through you will fine credible information on the state of thing with the Bitcoin city project. You can also read through this article to get updated with the launch of the project and other information.

https://indianexpress.com/article/explained/explained-el-salvador-bitcoin-city-7635303/

Good to know they are moving ahead.
This is an ambitious project, with multiyear development and many stars have to align to see it completed.
I guess it is could potentially bigger project ever for El Salvador, so good to hear this is moving in the right direction.

Nayib Bukele concept and plan to build the world's first Bitcoin city is very interesting. The steps taken by Nayib Bukele are very bold, with funds from the issuance of $1 billion Bitcoin Bonds he wants to realize a dream that has never crossed the heads of other countries leaders.
I began to imagine if Nayib Bukele ambition to build a Bitcoin City would actually come true. El Salvador will be the first country to get revenue from cryptocurrency, and make it easier for Bitcoin city residents to invest with the facilities provided.

[Wiwo]

Good to know they are moving ahead.
This is an ambitious project, with multiyear development and many stars have to align to see it completed.
I guess it is could potentially bigger project ever for El Salvador, so good to hear this is moving in the right direction.

Yes the Bitcoin city project is one of the biggest project for El Salvador and considering how small the country is, this project will have long term impact on the economy and the infrastructural development of El Salvador and the project will serve as the Bitcoin hubs or institutions that serve as the countrys crypto agency just like the central bank serve as central financial institutions.

Nayib Bukele concept and plan to build the world's first Bitcoin city is very interesting. The steps taken by Nayib Bukele are very bold, with funds from the issuance of $1 billion Bitcoin Bonds he wants to realize a dream that has never crossed the heads of other countries leaders.
I began to imagine if Nayib Bukele ambition to build a Bitcoin City would actually come true. El Salvador will be the first country to get revenue from cryptocurrency and make it easier for Bitcoin city residents to invest with the facilities provided.

Since the country generates electricity through the volcano there will be enough energy to power the BTC city and also computers used for the mining, aside from the many other activities that will be carried out in the Bitcoin city mining is going to generate a lot of Bitcoin for the countries Bitcoin reserve because with over 30 volcanos in El Salvador electricity supply in the Bitcoin city is going to be stable and that will put El Salvador top of the list of countries generating  Bitcoin hash rates.

[HRIDOY4847]

Those plans about the Bitcoin city were announced in November last year. Have there been any further developments since then? I have not heard anything new about this project for quite some time now, now that I think about it.

The Bitcoin city project have been kick off and at a developmental stage, there is several news on that direction in the public domain, you can read other related thread that seek to discuss more details on the progress of the first Bitcoin city and also check out the thread and have a read through you will fine credible information on the state of thing with the Bitcoin city project. You can also read through this article to get updated with the launch of the project and other information.
https://i.ibb.co/KrN19k1/Bitcoin-1.jpg
https://indianexpress.com/article/explained/explained-el-salvador-bitcoin-city-7635303/

At first I thought it could be a much bigger project for El Salvador. I hope this project continues and will continue. It's nice to know they're moving forward. Their development is going very nicely. It is an ambitious project, with many years of development and a lot of stars will have to work hard to see it complete. It is moving in the right direction and there will be something better ahead.

[Renampun]

...

...

Nayib Bukele concept and plan to build the world's first Bitcoin city is very interesting. The steps taken by Nayib Bukele are very bold, with funds from the issuance of $1 billion Bitcoin Bonds he wants to realize a dream that has never crossed the heads of other countries leaders.
I began to imagine if Nayib Bukele ambition to build a Bitcoin City would actually come true. El Salvador will be the first country to get revenue from cryptocurrency and make it easier for Bitcoin city residents to invest with the facilities provided.

this is a very extraordinary project, in stark contra to many heads of countries who reject bitcoin...

the funds that will be issued are not small amounts, this will be a project to remember forever. if all heads of state had thoughts like Nayib then we would see tremendous adoption of bitcoin in a very short time. Bitcoin's appeal is huge.

[mamesso]

~Snip~

Since the country generates electricity through the volcano there will be enough energy to power the BTC city and also computers used for the mining, aside from the many other activities that will be carried out in the Bitcoin city mining is going to generate a lot of Bitcoin for the countries Bitcoin reserve because with over 30 volcanos in El Salvador electricity supply in the Bitcoin city is going to be stable and that will put El Salvador top of the list of countries generating  Bitcoin hash rates.

The large supply of electrical energy allows every activity carried out in the City of Bitcoin to remain smooth, including the energy used for bitcoin mining in the dream city of Nayib Bukele. Nayib Bukele has chosen a location along Fonseca Bay near the volcano is very strategic, and allowing its citizens to enjoy all the facilities provided without any complaints, especially electricity problems.

~Snip~

this is a very extraordinary project, in stark contra to many heads of countries who reject bitcoin...

the funds that will be issued are not small amounts, this will be a project to remember forever. if all heads of state had thoughts like Nayib then we would see tremendous adoption of bitcoin in a very short time. Bitcoin's appeal is huge.

Just hope that Nayib Bukele steps can be adopted by other countries. If Bitcoin City is able to improve El Salvador economy as whole, Nayib Bukele ambitious project will inspire other countries.

[Wiwo]

At first I thought it could be a much bigger project for El Salvador. I hope this project continues and will continue. It's nice to know they're moving forward. Their development is going very nicely. It is an ambitious project, with many years of development and a lot of stars will have to work hard to see it complete. It is moving in the right direction and there will be something better ahead.

Yes the El Salvador Bitcoin city project is a long term project that is why the El Salvador president Nayib Bukele referred to it as a capital project so there is provision for the Bitcoin city development in the country yearly budget until the project attain 100% completion, which time and date is not stated during the Bitcoi city project opening speech but may be the road map will be in thee white paper information will be in the project.

[DeathAngel]

It’d be great for us if bitcoin was to be accepted as a means of payment on Ebay soon but these CEO’s say this kind of stuff all the time. Less talk & more action is what I say. This guy should only speak when he really has something to say. Coulda, woulda, shoulda, act first & speak after.

[oHnK]

Nayib Bukele concept and plan to build the world's first Bitcoin city is very interesting. The steps taken by Nayib Bukele are very bold, with funds from the issuance of $1 billion Bitcoin Bonds he wants to realize a dream that has never crossed the heads of other countries leaders.
I began to imagine if Nayib Bukele ambition to build a Bitcoin City would actually come true. El Salvador will be the first country to get revenue from cryptocurrency, and make it easier for Bitcoin city residents to invest with the facilities provided.

This can disturb US movement because as We know each other that the biggest regulator of economic in the world is US. When this project become success and They earn big profit, there will be many countries follow them slowly. Fiat will be left behind, and the Bitcoin price will be wild in the market. Because every Whales buy the huge amount, but this is just low opinion which is based not by data.

[Stave 99]

The situation with Bitcoin prices is pretty much unpredictable with such fluctuations that have been going on in the market.
but There is no doubt that cryptocurrency has been fast emerging as one of the smartest investments that one can make.

[Wiwo]

The situation with Bitcoin prices is pretty much unpredictable with such fluctuations that have been going on in the market.
but There is no doubt that cryptocurrency has been fast emerging as one of the smartest investments that one can make.

Yes, Bitcoin volatility is what makes its investment interesting and risky at the same time but once one can take the risk just like El Salvador have done first El Salvador legalized Bitcoin and thereafter building a gigantic project such as the Bitcoin city, this is a good long term investment project, once the activities in the Bitcoin city fully kicks up it will generate high income to the government and also provide a lot of jobs opportunities for El Salvador citizens.

[KennyR]

The situation with Bitcoin prices is pretty much unpredictable with such fluctuations that have been going on in the market.
but There is no doubt that cryptocurrency has been fast emerging as one of the smartest investments that one can make.

Yes, Bitcoin volatility is what makes its investment interesting and risky at the same time but once one can take the risk just like El Salvador have done first El Salvador legalized Bitcoin and thereafter building a gigantic project such as the Bitcoin city, this is a good long term investment project, once the activities in the Bitcoin city fully kicks up it will generate high income to the government and also provide a lot of jobs opportunities for El Salvador citizens.

There is big risk with bitcoin out of the volatility. However El Salvador have prepared to face any sort of risks. The Bitcoin City is an attractive project that many countries planned, but weren't able to implement it for different reasons. The major reason being the governance, lack of control and fear of market volatility. This project is aimed at attracting foreign investment into El Salvador, and this is going to be a big success and the same makes El Salvador to be the fintech centre for the world.

[stomachgrowls]

The situation with Bitcoin prices is pretty much unpredictable with such fluctuations that have been going on in the market.
but There is no doubt that cryptocurrency has been fast emerging as one of the smartest investments that one can make.

Yes, Bitcoin volatility is what makes its investment interesting and risky at the same time but once one can take the risk just like El Salvador have done first El Salvador legalized Bitcoin and thereafter building a gigantic project such as the Bitcoin city, this is a good long term investment project, once the activities in the Bitcoin city fully kicks up it will generate high income to the government and also provide a lot of jobs opportunities for El Salvador citizens.

El Salvador is the only first who had made out BItcoin as a legal tender and on the time that the market plummets then lots had been saying that they should take back those decisions because it is really

risky but instead of freaking out, they had instead bought on the dip and with this price volatility then they are fully aware of that.When it comes to benefit then we havent seen it fully yet but its true that
once it would really be totally done and the market had rise up on bigger value then we would really able to se its true benefits and advantages into those times.