Tag: el zonte

May 27 2022

Let’s Dissect McCormack’s “Follow The Money #1” Documentary, Pt. 3- Bukele

The spotlight is on Bukele for the final part of Peter McCormack’s documentary. Here’s the first part. Here’s the second one...

May 24 2022

Let’s Dissect The “Follow The Money #1” Documentary, Pt. 1- Salvadoran Confusion

In “Follow The Money,” the What Bitcoin Did team goes deep. The podcast is already a part of the El Salvador story, with its host Peter McCormack being the first to interview President Bukele after the Bitcoin Law’s announcement. In this new documentary,...

May 21 2022

It Was Not A Bitcoin Event. Then, Why Were The Central Bankers In El Salvador?

The week started with central bankers and financial authorities from 44 countries arriving in El Salvador. The mainstream media ignored it completely. The IMF started sweating. President Bukele started meme-ing. Everybody assumed they were there to learn about...

Apr 20 2022

National TV Exposure: “60 Minutes Overtime,” About The Bitcoin Beach Wallet

As it turns out, the “60 Minutes” report on Bitcoin Beach that we recently covered had a hidden segment. The title is “The tech behind the...

Apr 12 2022

The Legendary TV Show “60 Minutes” Turns Its Eye To El Salvador’s Bitcoin Beach

It doesn’t get much mainstream than CBS’s “60 Minutes.” The legendary newsmagazine debuted in 1968 and has been going strong ever since. And now, they’re talking about El Zonte AKA Bitcoin Beach, the place where it all started. How did it start, though? Even though Bitcoinist has written extensively...

Mar 19 2022

From The Ground: Five El Zonte Residents Talk About Their Bitcoin Experience

Hyperbitcoinization began in El Zonte. Since El Salvador declared bitcoin legal tender, the little town also known as Bitcoin Beach became a pilgrimage point for bitcoiners everywhere. That’s what this publication's From The Ground series is all about. First-hand experiences, directly from the center of the volcano. So far, we’ve brought you the...

Jan 22 2022

From The Ground: Jimmy Song On El Salvador’s New Found Pride & Bright Future

Programmer, author, podcaster, and all-around legend Jimmy Song made the pilgrimage to El Salvador. He wrote about his first impressions on his Bitcoin Tech Talk newsletter and his perspective deserves a place in the From The Ground series. Instead of...

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 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 11 2021

Visit Bitcoin Beach With This Complete Bitcoin Novice And See What You Learn

This video is fascinating. What would a complete Bitcoin novice ‘s experience visiting Bitcoin Beach be? Carol is from California, but she fell in love and moved to El Salvador. She runs the “That Expat Mom” YouTube channel and did us all a favor by visiting El Zonte. She’s admittedly clueless about Bitcoin, but eager to learn. Her husband Carlos and their two...

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 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...

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