El Zonte wouldn't be where it is at without @AthenaBitcoin and @EGravengaard who brought the 1st bitcoin ATM to the country. For many people in El Salvador this was the only way they could get fiat into bitcoin!! Your $50k contribution is much appreciated
$25k from @SBF_Alameda and @FTX_Official. Is anyone killing the game more than these guys these days??
Thanks so much for the support!
Huge thanks to @nicolasburtey and @GaloyMoney for their contribution of 0.66 btc!! Even bigger thanks for the Bitcoin Beach Wallet they developed that is used by so many of the folks down in El Zonte.
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Bitcoiners around the 🌎, time for us to rally together.
What follows is a story of real world bitcoin adoption in the developing world, improving lives and enabling dreams.
One that in a sudden flash turned to tragedy, and now requires our attention. First, the background:
.@Bitcoinbeach is a first of its kind global experiment, attempting to kickstart a circular bitcoin economy in the name of financial inclusion and economic empowerment within a small community on the coast of El Salvador
I spent most of 2021 in El Zonte learning about & helping the program.
Recently the bitcoin community has taken notice of El Zonte. As have bitcoin companies such as @ln_strike which launched their first non-US market in El Salvador in March nasdaq.com/articles/strik…
The history and depth of the US’ relationship with Saudi Arabia is underdiscussed. Most of my peers don’t realize how tight the relationship between our respective oligarchs is and the history of how it came to be.
The Embargo accelerated the relationship which continues to this day. It’s a major factor in our immoral foreign policy of the last 40+ years and perhaps the most foundational relationship underlying the Petrodollar / US fiat reserve currency status.
The Nixon Shock was announced in 1971, and became fully in place by 1973 - the same year as the OPEC Embargo. This broke the convertibility of dollars to gold, ringing in the era of fully fiat global currencies.