EL

Valdorff

> Yes, says right there on lido.fi/scorecard Actually... this risk isn't there. The closest is "Node operators are disincentivized from acting maliciously" but the focus is on obeying withdrawals. EL/MEV theft is not discussed. That said - I absolutely adore their scorecard. Beats the everliving pants off anything RP have for one-stop risk clarity. > Of course you did, but it's easier to suggest malice on your competitors' part instead I'm not saying Lido NOs are malicious. In fact, since they _haven't_ taken the 6x larger paycheck since the merge, there's some damn strong evidence that they're trustworthy. I _am_ saying that the system relies on trust. If one of their NOs kept all of the MEV, it would affect the APR of stETH by about 1/3 (the EL share) of 1/29th (the amount held by one NO). This is a bit over 1% of APR. It would also demonstrate that the NO coming out most ahead is the one doing the inappropriate thing and would make it more challenging to continue the social contract. > base the entire security and tokenomics on its market value As I've previously noted to you, rETH security does not depend on RPL market value.

MinimalGravitas

> Someone put 0x686f77206d7563682069732074686520666973683f ( **"how much is the fish?"** ) as extra-data in the EL Holesky genesis.json, and not in the CL genesis.ssz > Misconfiguration, network failed to launch. *https://twitter.com/protolambda/status/1702691543629328474* And the reference for those that aren't well versed in German techno/happy-hardcore... https://youtu.be/cbB3iGRHtqA?feature=shared&t=40

Bitcoin_Maximalist

The fact that you love him is clearly visibly because you want him to study Bitcoin. Good brother. https://www.youtube.com/watch?v=8Mhu6dxj7qk&list=FLDpqF5SBL-UGRWe6EL7ySuA&index=11

Extremely_Peaceful

Leave him alone. Keep your family and finance separate. That said: https://www.youtube.com/watch?v=8Mhu6dxj7qk&list=FLDpqF5SBL-UGRWe6EL7ySuA&index=11

BoomBoomTucki

EL Salvador should teach their kids about MOONS, too

AdZealousideal3461

Wow wow 1 Billion dollars in EL Salvador is so much and could have solved many burning Crisis. Embracing technology is good but not cutting own bellies. Hope he gets good return.

anthony_blues

EL Salvador gov is full supporter of decentralised technology and crypto even I gues they were the first who give the equal status of crypto currency to their fiat currency they are so liberal towards crypto currency

Every_Hunt_160

Bitcoin *can* be a daily use coin with the lightning network The issue isn’t the fees for Bitcoin. It’s adoption. The volatility doesn’t help its case as well. In EL Savador most businesses don’t want to accept Bitcoins anymore after seeing its price fall 70% from when they first rolled out Bitcoin in 2021. All these are way bigger issues than gas fees.

Impossible-Injury932

That's my new street name "EL" for Exit Liquidity, funny as chit , best.

Every_Hunt_160

Bitcoin adoption and hype in EL Savador is exactly as OP said: it’s just the foreigners who are not citizens that are the ones making a lot of noise, the locals don’t really benefit much from it

Every_Hunt_160

People on cc/sub: EL Salvador is going to be rich! All their citizens have benefitted from Bitcoin adoption! Reality: OP’s post

DingDongWhoDis

The Bank of Italy partnered with Algorand for surities/banking guarantees. The National Bank of Australia launched a stable coin on ALGO. EL Salvador is developing blockchain infrastructure on ALGO. Nigeria is said to be looking to record IP on ALGO, and Algorand is involved [with India](https://www.prnewswire.com/in/news-releases/algorand-foundation-announces-broad-reaching-partnerships-in-india-to-grow-web3-301740349.html). Related, might as well mention Travel X plane tickets in Argentina already booking over a million tickets, and honorable mention of [HesabPay migrating to Algorand. ](https://www.algorand.foundation/news/hesabpay)

Impossible-Injury932

Yep, it happened to me and continues. My rap name is EL , as in exit liquidity.

vattenj

Even if it is regarded as a currency, foreign currency exchange profit still need to pay capital gain tax. You must live a country like EL Salvador which recognize it as legal tender to avoid that

simplicity92

wow. Finally someone got a full crypto licensed. But EL Salvador is one of the only country who recognize BTC as legal tender

Fun_Evening_2487

EL Salvador could definitely make something of Bitcoin.

SuperbCantaloupe1929

Another source : https://twitter.com/BitcoinMagazine/status/1683847962554773505?t=av8ox-7feTgQUSzO2EL-9g&s=19

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bkcrypt0

Exactly. I'm tracking real estate focused tokens here if interested (don't own any so not shilling): [https://coinmarketcap.com/watchlist/61e6d3b4f7d6ba1fefb728b9](https://coinmarketcap.com/watchlist/61e6d3b4f7d6ba1fefb728b9) Includes PRO, LA, EL and RET at the moment.

ElegantComedian8804

You obviously don't have to respond as its personal, but hsre goes anyways: do you not have any fiat/cash (even 5%), set aside for emergencies (medical, domestic) etc.... If you live outside of EL Salvador obviously

Faults93

https://www.binance.com/en/activity/referral-entry/CPA?ref=CPA_00EL7OSYCA

ThisIsTheGwei

I finally bit the bullet and spun up some validators using [eth-docker.](https://eth-docker.net/) The process took a weekend to learn (command line naive, never used Linux, not in tech, etc.). I work full-time 50-75 hrs/week. Maintenance for my validators have been maybe 5 minutes/week. I literally just look for updates for EL/CL clients and run the update command if necessary. It takes less than a minute to update and restart. Otherwise everything is on autopilot. Occasional power outage issues which resolves with a reset (autostart EL/CL on login). I bought a UPS as well and learned how to program it to safely shut down if there's a power outage and power back up once power is restored. I bought a NUC, 2TB SSD, some ram, and a USB keyboard/mouse, spent maybe $1000. It's already paid itself off rather easily. Nothing but profit from here given minimal electricity usage and already fast internet (fiber). The time taken to invest in the validators will probably pay off very well in a few years.

Bkwrzdub

> ) or the vending machine blasting Michael saylor mantras? NO!!! make the mummy's voicebox Saylor!!! LO-EFFING-EL!

badfishbeefcake

is there another county who followed EL Salvador steps?

Giga79

Check out the Eigenlayer. If you're familiar with merge mining, it is essentially the same thing only for POS. The issue with paying nodes is they have nothing at stake, and very low requirements. If you can spin up 1000 nodes using one machine and generate more money than by running 1 validator, that's what you'll do and this does nothing to improve throughput or decentralization. Using Eigenlayer you're able to use your L1 ETH stake as collateral for validating other networks in parallel with ETH, only by signing on for some additional slashing criteria. This solves the nothing at stake issue. If you're *maliciously* re-staking into an L2 or an archival node you will lose substantial amounts of money. This opens the door for any/all insecure networks to lease Ethereum's validators at very low cost, and is the best option for a fully decentralized L2. If the market values specific nodes at all they can very easily put a price on them this way. It will be the most efficient path. You can incentivize a validator with an additional *0.05%* likely. Archival nodes will be very useful (necessary) but very expensive to maintain, I expect the market (or Rollup's) will come up with an incentive via EL once the base layer starts purging data. Running a node is not altruistic today either. It is the only way to verify your transaction made it into the blockchain untampered. Don't trust, verify. This is moot for most people but if you want to use any cryptocurrency *trustlessly* you must run your own nodes, it serves you more than anyone else in the network.

Knotley-Hunt-Brick

They should just use low volatile p2p like LTC, Doge BTC as reserve currency is for flexible countries like EL SAVADOR.

King_Esot3ric

What a dumb fucking article full of FUD. They base their entire argument on that graph, and then at the end of the article state that the graph is an estimate and probably not accurate… EL OH EL

Head-Search-4301

EL SALVADOR is your safe heaven fiendo.

Positive-Gazelle2603

lol get out of reddit and visit EL Salvador an you will see

Responsible_Cod_1453

EL Mao what's best it will pass coz it's more money for the government

ThrillingTurtle

FADE IN: EXT. NEW YORK CITY - DAY The city is bustling with people going about their day. Suddenly, the sky darkens, and a giant shadow covers the city. The camera pans up to reveal Elon Musk, AKA Doge Daddy, on a giant spaceship shaped like a Doge coin. DOGE DADDY: "Attention, citizens of Earth! Your crypto overlords have arrived!" Cut to Satoshi Nakamoto, AKA Satoshi Nakamoto, in a secret underground bunker. He receives an alert on his computer. SATOSHI NAKAMOTO: "It's happening." Cut to Vitalik Buterin, AKA The Prodigy, sitting in front of a computer screen, analyzing the situation. THE PRODIGY: "We need to act fast. Musk is summoning an army of Doge shills to promote his latest scam coin." Cut to Michael Saylor, AKA Michael Whaler, in his office, holding a massive bag of Bitcoin. MICHAEL WHALER: "I'm ready to hold the line." Cut to Nayib Bukele, AKA El Presidente, standing at the edge of a volcano, ready to unleash his powers. EL PRESIDENTE: "This is going to get hot." Cut to Gary Gensler (Pre 2022), AKA The Educator, addressing a crowd of people about the dangers of crypto. THE EDUCATOR: "We need to educate the public about the risks involved in investing in cryptocurrency." Suddenly, the scene is interrupted by a news report. NEWS ANCHOR: "In other news, Warren Buffett, AKA The Veteran, has acquired a significant stake in several crypto companies." Cut to Warren Buffett, AKA The Veteran, sitting in his office. THE VETERAN: "I've been around long enough to know a good investment when I see one." Cut to Jim Cramer, AKA Zoltar, watching the news report. ZOLTAR: "I see great things in the future of crypto." Cut to Sam Bankman-Fried, AKA The Fraudster, walking into a bank with a briefcase full of cash. BANK TELLER: "How can I help you?" THE FRAUDSTER: "I'd like to make a deposit." Suddenly, the bank explodes, and The Fraudster disappears. Cut back to the heroes preparing for battle. SATOSHI NAKAMOTO: "We need to stop them before it's too late." THE PRODIGY: "I have a plan." MICHAEL WHALER: "Let's do this." EL PRESIDENTE: "It's time to unleash the power of the volcano." THE EDUCATOR: "Let's educate the world about the dangers of these villains." Cut to the villains, preparing for battle. DOGE DADDY: "Let's show these plebs the power of the Doge army." THE VETERAN: "I've been waiting for a challenge like this." ZOLTAR: "I see victory in our future." THE REGULATOR: "I will enforce the rules of the land." The heroes and villains face off in an epic battle, with each side unleashing their powers. Satoshi Nakamoto's unknown abilities are revealed, and he single-handedly takes down Doge Daddy's spaceship. The Prodigy solves the blockchain trilemma, weakening The Veteran's immortality. Michael Whaler holds the line against The Fraudster's disappearing act, and El Presidente unleashes a massive eruption from the volcano, taking down Zoltar. The Educator convinces the public to stop investing in crypto, causing The Regulator to lose his powers. In the end, the heroes emerge victorious, and the villains are brought to justice. Satoshi Nakamoto reveals that he had been working behind the scenes, gathering information on the villains and their plans. He thanks the heroes for their bravery and teamwork in stopping the villains' evil plans. As the heroes celebrate their victory, The Educator suggests they continue working together to educate the public about the risks and benefits of cryptocurrency. They all agree to work together and ensure that crypto is used responsibly and for the greater good. FADE OUT.

Tasigur1

[Who can relate to this? xD](https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRHNvBjWzijJpM2rvj8-0oZl-fC2EL2AeS40n0DZUYf9A&s)

cantreadcantspell

partial withdrawals are automated, provided you've set an EL withdrawal address. full withdrawals are automated after you issue an exit message.

Parush9

Could be good timing for them could learn thing or two from EL Salvador who went balls deep during last run & still doing well .

Treckhide

Move to EL Salvador. Easy.

No_Composer_2618

Its only after adopting BTC,EL Salvador started to be in headlines consistently.

gloriousexecution

A few years from now EL salvador will be one of the richest countries just by holding BTC.

reed5point0

Sure thing. You're using CDC as a reference which is one of the main contributors to getting the COSMOS IBC launched so I'll start there with tokens also on the IBC. > AKT - AKASH - Akash is a decentralized cloud computing platform that allows developers to deploy and manage applications in a serverless environment. It is built on top of the blockchain technology and enables users to rent out their unused computing resources in exchange for the platform's native token, AKT. > > Sentinel - DVPN -DVPN stands for "Decentralized Virtual Private Network". It is a type of VPN that uses blockchain technology and peer-to-peer networking to provide users with a secure, private, and decentralized way to access the internet. > >Jackal - JKL - Jackal Protocol is a blockchain and storage network designed to make cloud storage safer. Let's branch out to some cooler ones that use NFTs and other Data. These could be independent L1 networks, or tokens on ETH (ERC20) >VeChain - VET - VeChain's main utility is its ability to provide users with real-time information about the location, condition, and history of goods as they move through the supply chain. This is achieved through the use of digital identifiers, called "VeChain IDs", which are attached to physical products and track their movement and status on the blockchain. > >Chainlink - LINK - Chainlink provides a solution to this limitation by allowing smart contracts to securely access and utilize off-chain data and systems, such as weather data, stock prices, and payment systems. This is achieved through a decentralized network of nodes, called "oracles", that retrieve and verify data from multiple sources and then deliver it to the smart contract in a tamper-proof manner. > >LTO Network - LTO - "EL Tio" -LTO Network's solution for land rights management is based on the concept of "legal transfer objects" or LTOs. LTOs are digital representations of physical objects, such as land parcels, that can be used to securely and transparently manage ownership and transfer rights. In the context of land registry, LTOs can be used to record and verify the ownership and transfer of land parcels, as well as any liens, encumbrances, or other legal restrictions. LTOs can also be used to automate the process of title registration and transfer, reducing the time and cost associated with traditional land registry systems. LTOs on Chain land rights are created through a process of "anchoring" or linking digital data to physical assets. This is achieved through a combination of digital signatures, cryptographic hashes, and timestamps, which provide a secure and tamper-proof record of ownership and transfer rights. > >TLDR; On Chain Land Deeds

sashei

Hey there, I'm from DeFi Kingdoms, and would like to take a few minutes to address some of the things you mentioned in your thread and in the comments. First, about the initial launch: DeFi Kingdoms originally had many early investors from within the Harmony One ecosystem when they launched on 23rd August 2021. In fact, the developers were too busy launching the initial interface and many bought only after the initial price increase of JEWEL - there's enough blockchain proof of that. The initial liquidity was the agreement with a 3rd party investor, which has been addressed many times already. The investor was not allowed to withdraw the LP at any point, but was allowed to trade any staking rewards in return for the risk of providing the initial liquidity - since if the project would have failed, the investor would have lost his investment. The LP are still staked and untouched. Regarding the mining quest exploit: yes, there was an unintended workaround of moving locked tokens that allowed players to unlock more tokens than they would have by questing normally. However, different than your post claims, no team-member was involved in the exploit. Furthermore, the amount of tokens that was being unlocked by this workaround was a fraction of what was being unlocked via the actual gameplay (through the yield farm and the questing). Again, there is plenty of blockchain data to support this. Also, Frisky Fox was involved in Lootswap before he started DeFi Kingdoms, but he left before things went down with Lootswap and was not involved in any scams. Now, to the state of the project now. It is certainly not in shambles, and development is flourishing with one of the best communities in crypto space. DFK is having thousands of active users doing millions of transactions on DFK Chain and Klaytn. We released our PvP minigame DFK Duels almost a year ago, and just last month released a PvE Sandbox alpha-preview of our upcoming PvP feature. Originally DeFi Kingdoms launched as a DEX with a gamefied interface. Over the last years we developed and launched many features: our Hero NFTs, Summoning, a variety of Quests, Pet Hatching, DFK Duels, Alchemist, Dark Summoning and many more. And even more exciting features are coming soon - a full list of all our releases can be found in our roadmap https://docs.defikingdoms.com/roadmap. We've not only been busy adding features to the game itself, but have always been trying to pioneer things in the crypto space. For example, together with the great support from Ava Labs we launched the first subnet on the Avalanche Chain, which hosted our first expansion and enabled our players to experience DeFi Kingdoms Multichain. After the Harmony Bridge Exploit, we moved our original world Serendale to Klaytn at the end of last year, which is one of the fasted growing Asian blockchains, focusing on gaming in particular. We've partnered with Synapse and LayerZero to enable seamless bridging of ingame tokens, Pets and Heroes between chains. We've been working closely together with many partners in the crypto space: Coinbase, Covalent, Dappradar, Blockpit, Rome, Liquify, Kaika, Swapscanner, POKT and more; and other projects like LE7EL or Ethlas decided to integrate our assets into their games, and our community built interactive games that use our assets on their own like Fight Klub. I invite anyone to check us out and to join our Discord server and see for themselves - we have an amazing community and urge anyone to see for themselves.

Elie0_0

If so, EL Salvador is the place to go for Crypto

SimbaTheWeasel

She poorly worded her post. I think she’s only basing judgement on how each country is treating crypto. I doubt she actually believes that EL Salvador’s government is better than the US

SimbaTheWeasel

EL Salvador is riddled with high amounts of crime and murder per year. Still a lot of 3rd world problems going on over there that’ll take time to progress from

Parush9

IMF did all they could to stop EL Salvador. Can’t believe despite all the shit they had to deal internally they are slowly making progress everyday.

coinmarshal

MicroStrategy and EL Salvador, the 2 are something else. They are the hero of the space

scabbymonkey

I am planning this myself. DCA no matter what the price is for the next 10yrs at least. Maybe less. I am heading to El Salvador this summer to take a look around. See if I like it. Then move to a bitcoin friendly country ( like El Salvador ) and just move a little at a time. There will be no US or EL Salvador taxes as I self custody. I will only pay taxes on my SSI and 401K if its still available.

Imaginary-Adagio2231

Texas gonna be EL Salvador of USA

Dragonfruit1375

how's her English? i guess there would be non-native EL speakers here too

nusk0

I'm surprised by this. Will this be the first EL Salvador embassy in the US?

No_Dream5562

Its not about the amount of BTC Salvador holding,it’s about the precedent EL Salvador is setting which goes entirely against IMF and other global financial institutions

No_Dream5562

EL Salvador writing history

bullishonthebit

Weren't these the guys that told EL Salvador "no!" .

HomieApathy

Article focuses on UK, CAR, UAE, EL SAL & BRA,

PenNo7343

Correct you says right bro EL Salvador made this not government

FldLima

After california man, get ready for EL Paso Man

BTCPriest

Taxing bitcoin is not sustainable in the long run. You don't pay taxes on currency exchange either. The more countries make bitcoin legal tender the clearer it gets: Bitcoin is money. And it actually already is currency. So from my point of view it's not taxable actually. It will be interesting to see how the IMF acts mid-term and long-term with more countries to join EL Salvador's footsteps. If I understand it correctly, the IMF had to hold bitcoin to stick to their mandate already. If they don't it's a breach of contract and they could get sued. Tl;dr: In the long run I don't see bitcoin be taxed. It's a usual currency exchange.

OisinT

Am I correct that the EL element of Shanghai will allow for those of us who staked ETH for BETH (etc.) Can convert back to ETH? Last few weeks have been a but bum clenching with BETH on Binance given all the FUD.

AESTHTK

I see Aptos as genuine EL innovation, and it would make an excellent L2. Why they chose to roll it as an L1 and try to do consensus as well only they (and their VCs) will ever know.

AESTHTK

Don’t worry, apparently that was never meant to even be an EL and they never actually gave up on it and it was always meant to actually have been sidechains the whole time! You just aren’t paying enough attention. I suggest you go read some more outdated research papers. https://twitter.com/iohk_charles/status/1608288782297571330

Dogwise

Bitcoin will hit $100,000 in 2022 PREDICTED BY: EL SALVADORAN PRESIDENT NAYIB BUKELE, JAN. 1 2022

C_J_King

Seriously… I think captions could easily be different. It’s a STORE OF VALUE It’s INFLATION PROTECTION Look at EL SALVADOR! All the while, slowly becoming the lonely man on the hill. Hell, even Michael Saylor is selling. Bitcoin is the Netscape of blockchain.

Vladimus44

>If bitcoin doesn't go back up, those losses will be realized and even greater than they currently are so yeah that's not a good argument. Yep. Which is why this is called a paper loss and not a loss. Because it hasn't been realized yet. It's not an "arguement". It's a basic understanding of definitions and words. Which you clearly struggle with. >Also TOURISM? REALLY? WHEN EL SALVADOR CENTRAL BANK THEMSELVES STATED THEIR GROWTH WAS FOR THE EXACT REASONS I LISTED >HOLY FUCK YOU ARE DUMB Yea. No question. You are extremely emotionally unstable and definitely crazy.

MinimalGravitas

> As if any of them would ever run another code than the eth foundation makes There are 5 main Execution layer clients: Besu, Geth, Nethermind, Open Ethereum and Erigon; and 4 main Consensus layer clients: Prysm, Lighthouse, Nimbus and Teku. They are made by different teams, based in different countries and written in different programming languages. **None of them are produced by the Ethereum Foundation.** A node operator ones one EL client paired with one CL client (for example I use Nimbus and Besu), so there's a total of 20 different combinations. Your ignorant claims just illustrate that you haven't even bothered looking into the things you're so confidently railing against.

bbrreett4

I am thinking soon to have a decent size house in the EL Salvador.

Mono_420

Ethereum devs agreed on the scope of the Shanghai upgrade today. It’s going to be: - staked ETH withdrawals - big EOF implementation - warm coinbase - push0 - limit and meter initcode - time based EL forking Nice.

FlyBloke

People put money into china being the next financial state… ha let’s go EL Bitcoin!

ShowerWide7800

You got this all wrong COMPADRE... the fact that they are not in jail will make future frauds all the more EL GRANDE.

rocasv

ok, I AM SALVADORIAN, LIVING IN EL SALVADOR, so people outside stop taking Sh17 and let me tell you OUR STORY: \- Yes, Homicide rate indeed is almost at 0, unlike other places, El Salvador is a very small country, If someone is killed, chances are we will know and we will see it, Besides, Twitter is now the #1 tool for live crime news. \- How did this happen? NOT RELATED TO BITCOIN AT ALL. Its related to security and a heavy hand on criminals. What happened exactly? He dismantle the network for this criminals, as well as impunity, before, people where afraid to report a crime, cause chances were you were going to get killed by the gang cause the judge (paid judge) will let the criminals free. So, Now judges are now under a magnifier and everything is being watch. As well as the massive part of the gangs was arrested, YES, for years the police knew who they were and where they lived, but they were unable to act cause well... Mafias, political mafias, judge mafias, etc. Now people is not afraid of reporting a crime, right now people is using cameras A LOT, they record the criminals, report them and within 24 hours they are in jain (NO JOKE) you can check Twitter and the Nayib Bukele hashtag. All this cause a snow ball effect running down in this order: \- being part of gangs were declared to be crime by itself, so now the police can caught them all without an arrest order. \--- people started (just a bit) to lose the fear and started reporting gang members. \--- Judges were notified they will be audited on their gang cases \----- more gang members arrested (including top of the estructure members) and All their assets were taken by the state \------- gangs stopped getting money since their structure was weakened and they were a bit afraid of getting caught. People notices this and started reporting gang members all over the country. \--------- Police reports they have like 40K gang members in jail. This is were everything goes crazy, People started getting cameras to have proof and and start twitting the videos. ---> since police is way less stressed now (most criminals in jail) they are able to track criminals REALLY FAST and with all their force, almost 95% of twitter reports end up being arrested by the evening, the they started arresting every violent acts, even traffic fights are follow and arrested by the end of the day. Current situation: Well, YES, We Salvadorians, ALL are enjoying peace! finally! Still some minor issues, its impossible to be 0 crime, But they whole country feels super safe, thieves and remains gangs are in fear, so they are not committing crimes, instead they are hiding. You dont believe? COME, check it out by yourself! I bet you a Bitcoin. ​ Sadly, is very likely Nayib is killed by the US Government, They are declared enemies since he passed the Bitcoin law last year. many US Gov members already threaten him already. ​ AND this is the "El Salvador Lecture" done by a local Salvadorian.

Every_Hunt_160

Now would be the best time for these nations to buy Unfortunately they would be too afraid and will only start adoption in the bull run like EL Savador. Remember there were several Latin American countries that were supposed to start buying Bitcoin right after El Savador adopted it, and now when BTC is over 70% down nobody is touching it with a ten feet pole.

weirdlybeardy

This is already a fuck up. They’re lightweight following in EL SALVADOR’S footsteps.

partymsl

Relative to EL Salvadors other assets this loss is not much at all. As said BTC is not that big in their reserves.

yourmom_fat_as_hippo

I know this is going to be downvoted so badly. We all are in this echo chamber, and hence, we don't realise that the decision of El-salvador to accept BTC as legal tender is as bad as an abrupt decision taken by any country to ban cryptocurrency. It was done without considering the people's opinion on the matter. Though, it's good for crypto and we are happy, the decision of taking a decision without proper consultation was very bad. Multiple sources and surveys have shown that 78% of EL-salvadorians think that government should stop spending public money on Bitcoin. link: [https://cointelegraph.com/news/77-1-of-salvadorans-surveyed-think-the-gov-t-should-stop-spending-public-money-on-bitcoin](https://cointelegraph.com/news/77-1-of-salvadorans-surveyed-think-the-gov-t-should-stop-spending-public-money-on-bitcoin) >Although there was no direct causal link between the adoption of Bitcoin and the country’s economic situation, 95% of survey respondents say their lives “stayed the same” or “\[have\] gotten worse” since Bitcoin became legal tender.

ArtyHobo

Uhhhh usually incompetence. Disclaimer 1. Agreed-upon procedures performed by KPMG were performed according to EL PG14. Agreed-upon procedures do not constitute an audit. 2. Agreed-upon procedures were performed on a defined date and therefore the described results of KPMG are only valid for this date. 3. Cybercrime or other errors due to fraud which could happen in any organisation were not part of the agreed-upon procedure by KPMG. But yeah funds are safu trust KPMG

jabiscus

REVISITING EL SALVADOR A YEAR AFTER ITS BITCOIN ADOPTION [https://bitcoinmagazine.com/el-salvador-bitcoin-news/revisiting-el-salvador-bitcoin-year-later](https://bitcoinmagazine.com/el-salvador-bitcoin-news/revisiting-el-salvador-bitcoin-year-later) ​ "We walk through the entrance to the mall into a large lobby and our faces light up. There must be at least a dozen telephone kiosks. We start asking. We don't give a damn about the rates or phone plans, all we need is connectivity. Unfortunately, however, no one wants our bitcoin. We go upstairs and then upstairs again. There are dozens of little stalls selling phone recharges, cheap smartphones, accessories and electronics. But no dice. When we say we can only pay in bitcoin they look at us in amazement. They are very polite and almost all apologize. But they react as if the very word “bitcoin” is something that belongs to a distant memory. As if it is something they haven't heard of in a very long time."

jwz9904

EL Salvador is quiet

cistacea

I am in el salvador and yes, i think the publicity element of this move was the driving motivation, and it has immensely benefited our nation. even if bitcoin crashes and burns in EL Salvador, Bukele has managed to rebrand our international image from ''the murder country'' to ''that silly bitcoin country with the silly crpyto bro president'' which is a massive leap forward for our image in the eyes of the world.

Arijan101

EL Salvador's crypto bro president, N. Bukele, had the BTC he bought with state money on FTX.🙄 This is besides the fact that his investment is now worth half then what he bought it for. You cannot make this stuff up.

khaze001

Well congratulations to EL SALVADOR, the country has dodge a bullet. The ponzi played by SBF has really affected alot of users and cost investors billions of dollars, I feel for the investors who lost their money and hope they get the courage to get back up again, we have all learned another lesson we need to track the exchanges we use and make sure they continue to be reliable and safe for our assets which from my research MEXC and binance are the best destinations

10CrackCommandments-

Can someone EL5 what "Transactions" are actually on the blockchain since it doesn't seem like anyone actually uses crypto to buy anything. Are these "transactions" just people selling tokens to each other?

StockTrix

Also from UK. I'd agree with you. But the problem is, banks are so dumb,. They'd probably lump [gate.io](https://gate.io) in with other CEXs and ban the lot of 'em - which wouldn't be good. RE: https://www.reuters.com/news/picture/santander-to-block-uk-transfers-to-crypt-idUSKBN2RU1EL

Pedra87

EL TIO with the pump... Come on boy, you still have a lot to climb!!!

Technical_Order7673

Do you need someone to carry your stuff to EL Salvador ?

Sashablinks

EL savador's love for bitcoin is cool.

Ok-Regular-302

Because the President of EL Salvador wanted some fame at global level