Tag: el zonte

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...

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 |...

Jun 23 2021

News From El Salvador: What’s Going On At Bitcoin Beach?

It feels like a movie, a modest youth outreach program at a remote beach ended up modernizing a whole country. And probably changing the whole world. Bitcoin is already legal tender in El Salvador, but that’s just the first step. The story continues at Bitcoin Beach, where an ever-growing group of Salvadorians is facing challenges and teaching children about the marvels of this...

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