It’s almost midnight when I am writing this. How yall my peeps doing? I ain't give up yet. And would probably never. I’m digging more about this new future digital world and found news that popped on my twitter feeds. It was actually a news from last year but not gonna lie this kinda shocks me. It says that there is a country that legalize the bitcoin for their transaction. WHAT? Yes baby. El Savador becoming the first country that use Bitcoin as their legal tender to do the transaction. CRazy.
I mean look at that pic. Does he think he is the incarnation of an aztec sun god or what? Nice halo though :D
The President of El Savador, Nayib Bukele did a statement on twitter “Tomorrow, for the first time in history, all the eyes of the world will be on El Salvador”. This guy is cool. It’s the braveness for me. Of course this is such a brave move and attracting some controversy. A real-world experiment proponents say will lower commission costs for billions of dollars sent home from abroad but which critics warn may fuel money laundering. Polls suggests Salvadorans are skeptical about using bitcoin and wary of the volatility of the cryptocurrency that critics argue could increase regulatory and financial risks for financial institutions. Still, some residents are optimistic.
Volcano energy resources for Bitcoin City? Crazy
Crazy enough? Yes but let me tell you something crazier that probably gonna blow your fucking mind. On Nov 21st 2021 which was last year, in a rock concert, the president reveals plan for volcano-power Bitcoin City. The city will be built near the Conchagua volcano to take advantage of geothermal energy to power both the city and bitcoin mining — the energy-intensive solving of complex mathematical calculations day and night to verify currency transactions. The government will provide land and infrastructure and work to attract investors. Sounds fancy and smart omg i'm officially his fan now.
The cooler thing is there would be no property, income or municipal taxes and the city would have zero carbon dioxide emissions. He is definitely building cool things for the future and yet still aware about our earth. Damn daddy. He also said this in his statement that the city would be built with attracting foreign investment in mind, and there would be residential areas, malls, restaurants and a port. Also digital education, technology and sustainable public transportation.
Bitcoin was originally created to operate outside government-controlled financial systems. Remember? Easier and transparent. He says it will help attract foreign investment to El Salvador and make it cheaper for Salvadorans living abroad to send money home to their families. That is what he is concerned about. "This is going to make El Salvador the financial centre of the world", he said. Ok go daddy go.
I always got amazed everytime I'm learning and digging in this Crypto world. The information I get is always shocking me. Now that I know that this is the real future that we gonna achieve soon. I know I keep saying this in every article I've written, but my point here is that I'm on a mission to remind you all peeps that this is real and is happening now. You and I, we better be ready for our future. Let's fucking goooo