Ocean Health Establishes Roots in El Salvador's Bitcoin Experiment

[ABCbits]

Ocean Health Establishes Roots in El Salvador's Bitcoin Experiment

Susie Reilly has maintained unwavering faith in the future of El Salvador and its ongoing experiment with Bitcoin adoption, despite a turbulent couple of years marked by economic instability and international criticism from organizations such as the IMF... Read more here.


IMO it's great to see them openly accept Bitcoin as payment method and it shows general public that cryptocurrency isn't only used as investment or criminal activity. Your opinion is greatly appreciated.

[yhiaali3]

El Salvador’s Bitcoin Volcano Bonds, the first of their kind anywhere in the world, have received regulatory approval from El Salvador’s Digital Assets Commission. They are set to be launched in early 2024 into a promising market.

El Salvador’s Bitcoin mining operation, which is volcano-based and renewable with emissions-free mining, is thriving. This success follows its recently announced partnership with Tether and the launch of its own mining pool, Lava Pool, in partnership with Luxor Technology.

Many of the positive developments that took place after bitcoin officially adopted in El Salvador, but this news related to bitcoin mining ("El Salvador’s Bitcoin Volcano Bonds") caused my surprise in particular..

I did not understand the mining mechanism in this way, how can it work? But, as the article says, this is a unique event that is located for the first time in the world and enjoys official governmental sponsorship.

Despite all of this, I consider the El Salvador experience still at the beginning of the road and needs a lot of time before it becomes a model that moves to neighboring countries.

[ABCbits]

El Salvador’s Bitcoin Volcano Bonds, the first of their kind anywhere in the world, have received regulatory approval from El Salvador’s Digital Assets Commission. They are set to be launched in early 2024 into a promising market.

El Salvador’s Bitcoin mining operation, which is volcano-based and renewable with emissions-free mining, is thriving. This success follows its recently announced partnership with Tether and the launch of its own mining pool, Lava Pool, in partnership with Luxor Technology.

Many of the positive developments that took place after bitcoin officially adopted in El Salvador, but this news related to bitcoin mining ("El Salvador’s Bitcoin Volcano Bonds") caused my surprise in particular..

I did not understand the mining mechanism in this way, how can it work? But, as the article says, this is a unique event that is located for the first time in the world and enjoys official governmental sponsorship.

Despite all of this, I consider the El Salvador experience still at the beginning of the road and needs a lot of time before it becomes a model that moves to neighboring countries.

I've no idea either, especially when the bill itself isn't written in English language. And i expect many buyer only care about it's yield or chance to obtain El Salvador citizenship. Anyway, it's not really related with the main news (Ocean Health) since the news merely mention that as another Bitcoin development on El Salvador.