Bitcoin Forum
September 10, 2024, 11:40:05 PM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 [6]  All
  Print  
Author Topic: Everything you wanted to know about ES Volcano Bond and were afraid to ask!  (Read 1697 times)
Cryptogames999
Jr. Member
*
Offline Offline

Activity: 112
Merit: 6

Help the victim scammed by ColdKey


View Profile
January 24, 2023, 03:08:57 AM
 #101

Coming back strictly own topic: apparently something is moving in the right direction regarding the Volcano Bond.

The law has been approved by the parliament and it will be soon enacted.




So it's like a comprehensive framework to be applied to the digital assets as explained in the detailed thread.

It's nice to see good things in 2023 and even Bitcoin showing some improvements than last year. I hope you had a great move in this year.
What do you say if the Bitcoin price drops this year than last year and what will happen to the Volcano bonds too?

SCAMMED 0.7+ BTC       ★   Charity Auction   ★      COLDKEY SCAM (https://bitcointalk.org/index.php?topic=5434623.0)
JayJuanGee
Legendary
*
Offline Offline

Activity: 3836
Merit: 10829


Self-Custody is a right. Say no to"Non-custodial"


View Profile
January 24, 2023, 03:42:51 AM
 #102

Coming back strictly own topic: apparently something is moving in the right direction regarding the Volcano Bond.

The law has been approved by the parliament and it will be soon enacted.

So it's like a comprehensive framework to be applied to the digital assets as explained in the detailed thread.
It's nice to see good things in 2023 and even Bitcoin showing some improvements than last year. I hope you had a great move in this year.
What do you say if the Bitcoin price drops this year than last year and what will happen to the Volcano bonds too?

Of course, the bonds are issued long term, so if the BTC price drops prior to the ability to issue then there would be a low subscription rate, and but if they reach their targets in regards to the subscription, then the terms for servicing the bonds are not very onerous, and El Salvador would be able to use the money for the stated purpose.  It seems that a BIGGER problem would be present if the BTC price continues to drop and fails to rally for several years.  The bond terms are not unfavorable to El Salvador, so El Salvador could pay the bonds over time, but it would be better for everyone if BTC prices would at least go up 6% or so per year.. and better yet if they were to go up more than that... accordingly, it seems way better to issue these bonds on a dip in BTC prices rather than prior to a dip, and yeah of course, we do not know if the price will stop dipping, so that is one of the risks that both El Salvador takes and also anyone who buys into such a bond that already has a stated purpose that involves investing in bitcoin and bitcoin-related projects.

1) Self-Custody is a right.  There is no such thing 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
DiMarxist
Sr. Member
****
Offline Offline

Activity: 406
Merit: 253


DGbet.fun - Crypto Sportsbook


View Profile
January 30, 2023, 07:45:35 AM
 #103

El Salvador’s Bitcoin City Wins an International Design Award Good things in the world are achieved in a gradual process and not a hurry manner. Bukele, El Salvador president propagates it bitcoin city since 2021 but many criticized. And today the bitcoin city has started receiving international award. This is a good news in the year.
The city will be built at the Southern Part of Latin American and the

The Volcano Bond Energy of the Bitcoin City

The Volcanoes that are around the city will be used to power the city with electricity.  $1 billion bitcoin were estimated to build the city and as for now the authority has gathered $54 million worth of bitcoin.

fillippone (OP)
Legendary
*
Offline Offline

Activity: 2282
Merit: 16362


Fully fledged Merit Cycler - Golden Feather 22-23


View Profile WWW
April 12, 2023, 06:13:54 AM
 #104

Just to let you know this thread has been translated into Romanian by my friend Gazetabitcoin:


█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
concept2
Sr. Member
****
Offline Offline

Activity: 750
Merit: 258


View Profile
April 12, 2023, 03:42:54 PM
 #105

...
The idea of the first-ever fully digital bond in the world blew my mind, bro! It's insane how they're going to trade that bad boy on Blockstream AMP. That's a platform used for digital assets on the Liquid Network. This means the whole trading activity will be entirely digital, making it cheap as hell for the issuer and the investors, yo! It's dope that they're letting peeps purchase it with USD, BTC, and USDT, making it more accessible to everyone. But, let's be real, we still don't know what the heck is gonna happen with this project. I'm optimistic, but like, lowkey scared too. Only time will tell if this bond will be a banger or a bust.

Speaking of this whole Bitcoin thing, it's wild that El Salvador is all about it. It's like they're trying to start a whole new ball game in finance. But, building a whole new city just to promote Bitcoin? That's some next level cray. Like, there are so many other things they could use that money for, you feel me? Also, this whole citizenship thing is sus as heck. Like, are they really using citizenship as a commodity now? That's shady AF. Props to El Salvador for taking a risk and doing something different, but they need to make sure they're not screwing over their own people in the process.
fillippone (OP)
Legendary
*
Offline Offline

Activity: 2282
Merit: 16362


Fully fledged Merit Cycler - Golden Feather 22-23


View Profile WWW
December 18, 2023, 01:29:28 PM
Merited by JayJuanGee (1)
 #106

I don’t know how, but I missed one news over the last few days:
World’s First Bitcoin Bonds Receive Regulatory Approval in El Salvador

Quote
El Salvador’s long-planned bitcoin (BTC) bonds have inched closer to reality after apparently receiving regulatory approval for an early 2024 issuance, the country’s bitcoin-focused office posted on Tuesday.

I understand that the bond characteristics have not been made available yet. However, I have seen multiple news sources reporting that the bond has a 6.5% coupon and a 10-year time frame. Probably these are the same characteristics of the then advertised Volcano bond. Personally, I find it unlikely that anyone would buy a bond at such a high price. The 10-year yield for a plain vanilla El Salvador debt is currently at 11%, so I believe that a bond with exotic features like this should have a much higher yield

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
DiMarxist
Sr. Member
****
Offline Offline

Activity: 406
Merit: 253


DGbet.fun - Crypto Sportsbook


View Profile
August 13, 2024, 10:12:24 PM
Merited by JayJuanGee (1)
 #107

El Salvador has secured $1.6 billions to fast track the investment of Bitcoin for the development of the Bitcoin City. They are preparing to receive $1.62 billions from Turkish company to develop two seaports in the Bitcoin City and the City will be powered by the Volcano Bond energy (The country volcanic energy).  El Salvador Secures $1.6 Billions to Propel the Investment For Bitcoin City Development
The City Designed.

The volcanic energy is closed to the city and the seaports are also there. According to the information with this new development, the ambitious Bitcoin City of Nayib Bukele, the President of El Salvador is very closed.

Poker Player
Legendary
*
Offline Offline

Activity: 1498
Merit: 2168



View Profile
August 14, 2024, 05:53:32 AM
Merited by fillippone (3)
 #108

Interesting news but our friend forgot to comment that it is not only this deal that will enable the development of Bitcoin City:

Quote
The city was initially supposed to be funded through El Salvador's much-anticipated 'Bitcoin Bonds,' but fundraising efforts have faced multiple delays. Nonetheless, the country has secured alternative funding sources, including a renewable Bitcoin mining partnership with Tether and a 'freedom visa' program for wealthy Bitcoin users.

In any case, once the funding is secured, I look forward to seeing the developments of this project, which as is often the case with these projects, will take time.


▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
fillippone (OP)
Legendary
*
Offline Offline

Activity: 2282
Merit: 16362


Fully fledged Merit Cycler - Golden Feather 22-23


View Profile WWW
August 14, 2024, 11:38:46 AM
 #109


In any case, once the funding is secured, I look forward to seeing the developments of this project, which as is often the case with these projects, will take time.


I am very skeptic about this project. Looks like an announcement only policy form the government.
As far as I know the vulcano energy is quite far from the proposed city location, but I might be wrong on this.
For sure funding via IMF, and from Bitcoin bond is not enough to secure the funding of the whole project as illustrated in the last presentations (and AI generated rendering as well).

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
DiMarxist
Sr. Member
****
Offline Offline

Activity: 406
Merit: 253


DGbet.fun - Crypto Sportsbook


View Profile
August 17, 2024, 07:38:36 AM
 #110


In any case, once the funding is secured, I look forward to seeing the developments of this project, which as is often the case with these projects, will take time.


I am very skeptic about this project. Looks like an announcement only policy form the government.
As far as I know the vulcano energy is quite far from the proposed city location, but I might be wrong on this.
For sure funding via IMF, and from Bitcoin bond is not enough to secure the funding of the whole project as illustrated in the last presentations (and AI generated rendering as well).
I also doubt the actualization of this project because by now if really the project was real, Nayib Bukele would have started something at the city center but as you rightfully said, every proclamation is just an audio and no action to develop the city. If really the Bitcoin City was to develop, it would have been done when the price of bitcoin hit $73k in the first quarter of this year. And El Salvador started Bitcoin journey in 2021, September 7. And Bitcoin was about $40+ as if then.
So as Bitcoin hit $73k, they would have started something to show that yes, they are serious about the Bitcoin City.

Pages: « 1 2 3 4 5 [6]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!