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Bitcoin isn’t suitable as a real currency — El Salvador is making a mistake

The Next Web Monday, 14 June 2021
Bitcoin isn’t suitable as a real currency — El Salvador is making a mistakeNayib Bukele, president of El Salvador, has got himself a pair of laser eyes – on his Twitter profile at least. Laser eyes are something social media users give themselves to show they love cryptocurrency – and Bukele proved his crypto-enthusiasm last week by having El Salvador become the world’s first nation to make Bitcoin legal tender. El Salvador’s parliament passed Bukele’s proposed legislation on June 9, after he announced his plan just a few days earlier. The law will take effect in September. Some Bitcoin fans have leapt on this as a step towards much broader acceptance. But the…

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Video Credit: TomoNews US - Published
News video: Volcanic Bitcoin Farming to Begin in Central America

Volcanic Bitcoin Farming to Begin in Central America 04:34

SAN SALVADOR, EL SALVADOR — After becoming the world's first country to recognize bitcoin as legal tender Wednesday, El Salvador plans to build bitcoin mining factories that use geothermal energy from beneath its volcanoes, according Reuters. "Our engineers just informed me that they dug a new...

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