Tag: bitcoin beach

Nov 27 2021

News From El Salvador, Late November: Post Bitcoin Week Report

Time to check back with El Salvador. During Bitcoin Week, it was so hectic down there that we didn’t know where to start. Everybody in the Bitcoin space visited San Salvador and El Zonte. The highlight was that President Bukele announced the project to build Bitcoin City...

Nov 17 2021

Bitcoin Lightning Network Capacity Strikes New All-Time High: Factors

The rise of The Lightning Network is one of the most important stories of the year. On its back, El Salvador could adopt Bitcoin as legal tender. Bitcoin Beach’s implementation of The Lightning Network served as a use case that showed that it could be used to transact in the country as a whole. Since then, the network keeps growing day after day,...

Nov 03 2021

From The Ground: The “Bitcoin In El Salvador” Documentary, What Did We Learn?

The audiovisual part of the “Bitcoin in El Salvador” documentary is truly amazing. Dutch national Arnold Hubach, Bitcoin Magazine NL’s editor, got shots that are out of this world. He recorded the good, the bad, and the ugly about the whole Bitcoinization process. The man is obviously partial to Bitcoin but, from the political point of view, he gave us much needed neutral...

Oct 18 2021

News From El Salvador, Mid October: Bitcoin Earnings, Pet Hospital, Motorcycles

Time to check back with El Salvador. Their Bitcoin experiment is well underway, and it’s already showing results. Are these results positive or negative? You be the judge of that. We’ll just present the facts, the tweets, and the photos. Can you believe everything the people we’re quoting say? Of course not. Everyone has an agenda. However, a clear picture is emerging. And...

Oct 10 2021

ETH’s Vitalik Buterin Blasts El Salvador’s Bitcoin Law. Is He On To Something?

It seems like Vitalik Buterin was dying to comment on El Salvador’s Bitcoin Law. A pseudonymous user posted this unpopular opinion on Reddit: El Salvador President Mr Nayab Bukele should not be praised by Crypto community.”...

Oct 04 2021

News From El Salvador, Early October: The Chivo Ecosystem’s Stress Test

Another month, another Bitcoin mined using volcanic power. That’s what’s happening in El Salvador, the little country that could. Plus, Moneygram alters its business. Problems and solutions with Chivo ATMs and the Chivo ecosystem as a whole. Stars in Bitcoin Beach and direct reports from the ground. This edition of our now regular news roundup comes full of action and heartwarming stories, so...

Sep 16 2021

The Village And The Strongman: The Unlikely Story Of Bitcoin And El Salvador

Tracing Bitcoin’s journey in El Salvador, from new hope in a small village to a new law by an increasingly authoritarian government.I. As Fast As LightningI was standing in a small coffee shop just off of an unpaved street, in a Central American village with no traffic lights, an hour’s drive west on curvy jungle roads from the nearest major city....

Sep 02 2021

News From El Salvador, Early September: TV Spot, Chivo Leaks, And BTC Smiles

El Salvador ’s Bitcoin Law goes into effect on September 7th. Legal tender day is just around the corner, and you know what that means. It’s time for another news roundup! How’s the growing excitement treating El Salvador? Is there any pull-back from the general public? Does El Salvador ‘s first Bitcoin tv spot explain the technology clearly? Does the image below show...

Aug 07 2021

CNBC Is As Clueless About El Salvador’s Bitcoin Law As Most Mainstream Media

This analysis of the Bitcoin Law will not age well. In a recent episode of CNBC’s “Beyond The Valley” podcast, they tried to cover the risks inherent in El Salvador’s decision to make Bitcoin legal tender and failed miserably. This is a technology-focused specialized podcast. Could they be this clueless? Or did they have an agenda and tried to muddy the waters with...

Aug 06 2021

News From El Salvador, Early August: Optimism, Donations, And Meetups

The outpour of Bitcoin-related news from El Salvador, AKA Bitcoin Country, slowed down. It’s the calm before the storm. The Bitcoin Law goes into effect in September. Nevertheless, things are happening and Bitcoinist is here to report on them. Who else but us reports on the little things that add up and end up changing the world? Nobody else in the crypto-space, that’s...

Aug 03 2021

Lightning Network 101: How And Why It Works

It’s all about the Lightning Network in Bitcoin land. This decentralized micropayments system unlocked Bitcoin’s scalability problem and unleashed the possibility of hyperbitcoinization into the world. Not only that, since this Layer 2 solution was created with the Bitcoin ethos in mind, it offers similar security guarantees. It all runs over the Bitcoin blockchain, even though it only touches it for final settlement....

Jul 30 2021

Aljazeera Vs. El Salvador’s Bitcoin Law: The Good, The Bad, And The Ugly

It’s time to turn our heads to the Arabic world. How does the Qatar-based international news station Aljazeera sees El Salvador’s Bitcoin Law? Are they as lost as western media or can they handle themselves in the cryptocurrency space? Well, their journalistic report is balanced and complete. Aljazeera gives you the good and the bad. They’re still confused about a few concepts, but...

Jul 28 2021

The American Press Vs. El Salvador: Forbes and Vice, Good Cop Bad Cop

Did El Salvador’s Bitcoin story lose steam? Perhaps. However, Forbes and Vice are on the case. The press is still monitoring the situation and Bitcoinist is still monitoring the press. With that dynamic in mind, we compiled the best and worse of the latest press coverage of El Salvador’s Bitcoin Law. You'll be offended. You'll be pleasantly surprised....

Jul 16 2021

The Bitcoin Beach Wallet Special

In this episode of “The Van Wirdum Sjorsnado,” host Aaron van Wirdum speaks with Bitcoin Beach Wallet developer Nicolas Burtey.Watch This Episode On YouTubeListen To This Episode:...

Jul 15 2021

Interview: Bitcoin Beach And The El Salvador Bitcoin Law

Leaders from Bitcoin Beach, the community in El Salvador, discussed their work and the recent legal tender law.Watch This Episode On YouTubeListen To This Episode:...

Jul 12 2021

That JPMorgan Report On El Salvador Doesn’t Even Mention The Lightning Network

How embarrassing! As more details about JPMorgan ’s “The Bitcoinization of El Salvador” report come to light, the reality of the situation settles. Traditional organizations don’t have a clue that the Lightning Network exists and is up and running. More so, Bitcoin is legal tender in El Salvador because and only because El Zonte is a living and breathing example of the Lightning...

Jul 10 2021

News From The El Salvador Experiment, Mid July: More ATMs and CNN

This week was low on high-profile people news but high in community building and hard work. Everyone seems to be waiting to see where the chips fall before making any decisions. Except for the people of El Zonte, they can’t stop and won’t stop building. As the big September date approaches, we’ll see where everyone in the world lands in relation to the...

Jul 08 2021

Scaling Lightning: To El Zonte… And Beyond!

The path forward for Bitcoin is clear, with a revolution in the ability to transfer value occurring right in front of us.Here’s a philosophical question for Star Wars fans: when Luke fired two proton torpedoes down the thermal exhaust port and destroyed the first Death Star, was it the end of the story or the beginning? On the one hand, the Rebel...

Jul 06 2021

An Answer To Wired’s Hit Piece On Bitcoin And El Salvador

Once upon a time, Wired was a staple of cutting-edge-technologic culture. Their name carried weight. Their journalism was a sight to behold. Then, global media company Condé Nast bought the magazine. It immediately devalued the brand, but that wasn’t the real damage. Their texts disappeared from public consciousness. Nobody cared about what Wired had to say anymore. And now, we know...

Jul 03 2021

News From El Salvador, Early July: Bukele, El Zonte, And The ATM Factory

The Bitcoin train is moving fast in El Salvador. The law that makes it legal tender goes into effect in September, but the first Bitcoin company is already up and running. Also, a member of the US government and Reuters have President Bukele in their minds. Plus, concrete improvements in El Zonte, the land of Bitcoin and the Lightning Network. Related Reading |...

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