El Salvador

China’s Walled Garden

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Time Stamp: December 14, 2022 11:40 AM - Modified On: December 14, 2022 - Published By:
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Republished By Plato

Continuing our theme of speaking with people in the world of finance and technology we asked insiders at ByteDance in Shanghai their views about blockchain technology. The results give some useful insight into one of the likely narratives of the next bull run. In previous cycles narratives have ranged from Bitcoin being digital gold to NFTs being the cutting edge of the art scene. These topics pull new users into the space and with their added liquidity the value of the market begins to rise. The present decline in value

Bonds, Bitcoin Bonds

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Time Stamp: October 12, 2022 2:03 AM - Modified On: October 12, 2022 - Published By:
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Republished By Plato

Just over a year ago El Salvador made history by becoming the first, and only country in the world to make Bitcoin legal tender. Much to the anger of the international community of central bankers, they pushed ahead with their plans, doubling down by planning a $1 billion bond release to build Bitcoin City. According to the mainstream media, El Salvador’s experiment with cryptocurrency has been an unmitigated disaster. The country is on the verge of bankruptcy, there hasn’t been widespread adoption of crypto, and the president is a ruthless

The Solution to Scalability

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Time Stamp: September 16, 2022 12:51 AM - Modified On: September 16, 2022 - Published By:
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The narrative which pervaded much of the last bull run centered around scalability issues as both Ethereum and Bitcoin experienced congestion as their popularity increased. The main problems were the speed and cost of transactions. Without addressing scalability, the concept of mass adoption was dead in the water for cryptocurrency. Solutions such as the development of the Lightning Network for Bitcoin helped its rollout as legal tender in El Salvador. For Ethereum, it was a combination of roll-ups, sidechains, and sharding that helped to maintain its growth. Whereas Bitcoin’s surge

Bitcoin Batteries

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Time Stamp: September 14, 2022 2:07 AM - Modified On: September 14, 2022 - Published By:
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In the late 19th Century, a war of great minds was waged in the US between Nikola Tesla and Thomas Edison that would shape the way electricity was delivered throughout the world. Edison proposed using direct current (DC), whereas Tesla favored alternating current (AC), proving that it was far more efficient. Their battle was more than just competing ideologies, it was also a fight between commerce and banks. Edison was backed by J.P.Morgan, the most powerful banker in the US, whereas Tesla was backed by entrepreneur George Westinghouse Jr. Dirty

El Salvador’s Ambassador to the United States to represent the El Salvador people at GBA’s Blockchain & Sustainable Economic Growth Conference

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Time Stamp: May 15, 2022 12:20 PM - Modified On: May 15, 2022 - Published By:
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Milena Mayorga, El Salvador's ambassador to the United States, will represent her nation and government at this year's Blockchain & Sustainable Economic Growth Conference organized by the Government Blockchain Association. The conference will focus on blockchain technology in business and government. It will include presentations from experts in the field and a Pitch Competition, Job Fair, and Art Show. H.E. Ambassador Mayorga is a former deputy to the Legislative Assembly of El Salvador and a former model who represented El Salvador in the Miss Universe 1996 pageant. On September 24,