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[Originally was Live Bitcoin Broadcast from El Salvador recorded by a participant in crowd] During the broadcast, President of El Salvador announced intended development of a focused Bitcoin City with different benefits for businesses that would be participating.

[Originally was Live Bitcoin Broadcast from El Salvador recorded by a participant in crowd] During the broadcast, President of El Salvador announced intended development of a focused Bitcoin City with different benefits for businesses that would be participating.



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3 Comments

  1. From what I was able to glean when I was watching it, the intended location of the Bitcoin City was / will be, I think, the ~~Vulcan San Salvador~~ Vulcan Conchagua (but someone please correct me if I am wrong). The idea is that this would be sort of a city that is effectively a large, circular specialized business district – already there are no capital gains tax, but my understanding is there is intended in this area to be no corporate tax, no sales tax, no payroll tax, based on some brief quotes from his presentation in the video. Essentially this is a haven, particularly for those who are utilizing bitcoin, and I think other digital assets as well although you’d need to do further homework to confirm the details. There are intended to be no carbon emissions there (I’m assuming that this means the mining activity is to utilize geothermal energy, for example).

    Edit: I am remembering now also that there is a bitcoin bond involved which will be used to finance the business district / city. So I’ve added a note here about that since that was mentioned.

    I wasn’t able to gather much more from this video since the environment seemed kind of informal / somewhat of a party atmosphere, although the idea itself seemed to be serious.

    I haven’t seen the policy / law documents on it since this is a fairly new announcement to me but posting this for visibility / further discussion.

  2. I have hope for the future.

    The world HAS to be taken back from central banking money printing. To hear them say that they are willing to die on this hill gives me hope, because you would be naive to think it might not come to that.

    Everything is at stake. Fiat money gives bankers and the governments almost infinite power, in principle. It’s the greatest control and wealth scheme in human history and that’s all on the line.

    The next decade will be pivotal for human history.

What do you think?

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