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28 sats \ 2 replies \ @nullcount 12 May
Kinda confusing. I expected the "Mining" tab to show the percent hashrate from Volcano power.
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0 sats \ 0 replies \ @netstatic 14 May
I don't think they ever got the volcanic miners up and running. They were still working out the construction of the renewable energy park in Metapán back in December.
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0 sats \ 0 replies \ @sefiro OP 12 May
Yeah, that would be a nice metric to have on there.
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131 sats \ 3 replies \ @anon 13 May
Interesting how they've never proved they can actually spend the $350 million treasury. They should.
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20 sats \ 2 replies \ @riberet19 13 May
I also think they should spend some of what they save, just saving it I don't think is the best thing to do.
Why do they want it as a currency if they don't use it and create a circular economy around Bitcoin.
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0 sats \ 1 reply \ @machuPikacchu 13 May
If they wanted to enforce a circular economy they could set up a Fedimint and issue ecash to any government employee (teachers, etc.). The bitcoin would always remain in their system assuming they don't open lightning channels to entities outside of El Salvador. With that system in place they can continue stacking and people within their borders can spend it with very low fees.
This is probably how the market will develop long term anyway. Governments will still want capital controls and the people will want sound money. It's not ideal but it feels likely.
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0 sats \ 0 replies \ @netstatic 14 May
It wouldn't make sense for them to not open lightning channels to other entities outside El Salvador. If El Salvador will never spend their Bitcoin, they might as well not have it.
A Fedimint would be a good idea within the country but I hope the people will be able to easily and directly swap their ecash for ecash in other federations and/or make outbound lightning payments. El Salvador could take fees for swaps and lightning sends while still working hard to offer a place for those who would like to be financially sovereign individuals.
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14 sats \ 0 replies \ @Coinsreporter 13 May
I like the title 'Bitcoin Office'. What I've seen over the past year that El Salvador is making good strides in the direction towards becoming an example how to go about setting up a bitcoin economy. It's only that people there aren't interested that much.
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14 sats \ 1 reply \ @WeAreAllSatoshi 12 May
Do other countries advertise their treasury holdings? Serious question, I do not know.
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0 sats \ 0 replies \ @sefiro OP 12 May
Good question, I don't know. It would be very interesting.
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42 sats \ 0 replies \ @KLT 13 May
Not gonna lie, this is some badass shit haha. They are truly paving the way.
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57 sats \ 0 replies \ @nerd2ninja 12 May
Its uh...its something lmao. Its a very interesting thing....
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7 sats \ 0 replies \ @Athena 13 May
El salvador is going great. I believe that it should be a good example moving forward.
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7 sats \ 0 replies \ @Satosora 13 May
The balance just keeps rising.
They must be doing something right.
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7 sats \ 0 replies \ @BitcoinAbhi 13 May
Thanks for the post. I didn't know that they were mining with volcano power.
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0 sats \ 0 replies \ @0325baa64a 13 May freebie
The real DCA state
0 sats \ 1 reply \ @itsMoro 13 May freebie
very nice, impressive