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TEXXR

Chronicles

The story behind the story

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El Salvador plans to build a “Bitcoin City” initially funded by a $1B “bitcoin bond”, with $500M to build mining infrastructure and $500M to buy more bitcoin

the long-term play is starting to come into focus https://twitter.com/... Bernhard Mueller / @muellerberndt : Basically the same model MicroStrategy uses: Borrow billions of USD via legacy bonds, buy $BTC. No reason to call this “Bitcoin bonds” besides marketing. https://twitter.com/... @newsasset : Talk about going all in. When you know, you know. https://twitter.com/... Paolo Ardoino / @paoloardoino : . @Liquid_BTC has support for confidential transactions. That's what you would expect in the securities world and that's why is the perfect pick for @bitfinex securities. One of the most important features is that it reduces frontrunning by a good factor. https://blog.blockstream.com/ ... Preston Pysh / @prestonpysh : El Salvador to Issue $1B in Tokenized Bonds on the Liquid Network. Congrats to the @Blockstream team & @nayibbukele. @adam3us @Excellion. https://blog.blockstream.com/ ... Alex Gladstein / @gladstein : If you are a developing country would you rather issue $1 billion of bonds based on your renewable energy reserves or take out a $1 billion loan from the World Bank? https://twitter.com/... Jay Gould / @jaygould : .@nayibbukele announces they will sell a 10-year issue “volcano bond” carrying a 6.5% coupon to take up to $5 billion in #Bitcoin off the market within the next 60 days! https://www.coindesk.com/... Mike Daodas / @mdudas : i have no idea what any of this means lol https://www.theblockcrypto.com/ ...

CoinDesk Andrés Engler

Discussion

  • @blockstream @blockstream on x
    We're excited to share our collaboration with the Republic of El Salvador for the #BitcoinBond, an issuance of $1B USD in tokenized bonds on @Liquid_BTC for acquiring #bitcoin and building out energy and mining infrastructure in El Salvador. 🌋⚡️ https://blog.blockstream.com/ ... …
  • @nayibbukele @nayibbukele on x
    Prolly nothing. https://twitter.com/...
  • @dgisserious Danny Gold on x
    Gonna be interesting to see how El Salvador's bustling gang extortion industry deals with Bitcoin City https://twitter.com/...
  • @tomgara Tom Gara on x
    The first hypebeast president https://twitter.com/...
  • @citylab Bloomberg CityLab on x
    El Salvador wants to build Bitcoin City, which will be free of income, property and capital gains taxes. Are you in? (via @markets) https://www.bloomberg.com/...
  • @coloradotravis Travis on x
    “...by using $500 million of the proceeds to buy bitcoin and locking it up for five years, El Salvador is hoping that by taking so much of the cryptocurrency out of circulation for so long it helps contribute to bitcoin's price appreciation...” 1/2 https://www.coindesk.com/...
  • @felipedlh Felipe De La Hoz on x
    This would be comical if it wasn't going to ultimately cause a lot of hardship to the Salvadoran public, who didn't exactly sign up to be a crypto fascist experiment by bro dictator here https://twitter.com/...
  • @business @business on x
    El Salvador intends to issue the world's first sovereign Bitcoin bonds and build Bitcoin City, which will be free of income, property and capital gains taxes https://www.bloomberg.com/...
  • @shervin Shervin Pishevar on x
    Startup Cities and sovereign crypto bonds are happening. https://www.bloomberg.com/...
  • @mallownews @mallownews on x
    “Is there a chance it's just a trend?” “Not on your life, my crypto friend!” https://twitter.com/...
  • @coindesk @coindesk on x
    Along the Gulf of Fonseca, near a volcano, will live #BitcoinCity: a place with no income, property, payroll or municipal taxes, Salvadoran President @nayibbukele announced at #BitcoinWeek last night. 👇 https://www.coindesk.com/... https://twitter.com/...
  • @alphacharts365 Jack on x
    $BTC Bitcoin City. This is ambitious. https://twitter.com/...
  • @caitlinlong_ Caitlin Long on x
    CONGRATS to @Blockstream, @adam3us & @Excellion for this interesting use case for #LiquidNetwork! @Liquid_BTC 🌋🚀👏 https://blog.blockstream.com/ ...
  • @bwilliliou Beth Williams Liou on x
    🇸🇻 More on #Bitcoin City: “Likening his plan to cities founded by Alexander the Great, Bukele said Bitcoin City would be circular, w/ an airport, residential & commercial areas, & feature a central plaza designed to look like a bitcoin symbol from the air” https://www.reuters.com…
  • @hakana @hakana on x
    World Bank, IFC and EBRD, welcome to the new age of sovereign DeFi. https://twitter.com/...
  • @coincornerdanny Danny Scott on x
    So glad to see something real on #Bitcoin instead of hype and jpgs. El Salvador Issuing $1B in Tokenized Bonds on the Liquid Network. Congrats @Blockstream & @nayibbukele @adam3us @Excellion @paoloardoino @KnutsonJesse https://blog.blockstream.com/ ...
  • @ludimagistr Aaron S on x
    #BTC and mining infrastructure backed bonds, fully democratized access for lenders, 24/7 liquidity, instant coupon payment dispersal, global, confidential .. This will change credit markets forever. @FossGregfoss https://twitter.com/...
  • @nischalshetty Nischal on x
    #Bitcoin city in El Salvador 👏 It won't be a surprise to see massive crypto skill development in El Salvador. It'll benefit the country immensely. Kudos to @nayibbukele for taking such disruptive initiatives 🚀 https://twitter.com/...
  • @derekbauman Derek Bauman on x
    President Bukele said the city would not levy any earnings, property, or cap gains taxes only a value added tax (VAT). “Invest here and make all the money you want,” Bukele said in English. “This is a fully ecological city...and is [powered] by a volcano.” https://www.reuters.com…
  • @leomschwartz Leo Schwartz on x
    The question about El Salvador has been how Bukele will capitalize on the country's bitcoin holdings — the long-term play is starting to come into focus https://twitter.com/...
  • @muellerberndt Bernhard Mueller on x
    Basically the same model MicroStrategy uses: Borrow billions of USD via legacy bonds, buy $BTC. No reason to call this “Bitcoin bonds” besides marketing. https://twitter.com/...
  • @newsasset @newsasset on x
    Talk about going all in. When you know, you know. https://twitter.com/...
  • @paoloardoino Paolo Ardoino on x
    . @Liquid_BTC has support for confidential transactions. That's what you would expect in the securities world and that's why is the perfect pick for @bitfinex securities. One of the most important features is that it reduces frontrunning by a good factor. https://blog.blockstream…
  • @prestonpysh Preston Pysh on x
    El Salvador to Issue $1B in Tokenized Bonds on the Liquid Network. Congrats to the @Blockstream team & @nayibbukele. @adam3us @Excellion. https://blog.blockstream.com/ ...
  • @gladstein Alex Gladstein on x
    If you are a developing country would you rather issue $1 billion of bonds based on your renewable energy reserves or take out a $1 billion loan from the World Bank? https://twitter.com/...
  • @jaygould Jay Gould on x
    .@nayibbukele announces they will sell a 10-year issue “volcano bond” carrying a 6.5% coupon to take up to $5 billion in #Bitcoin off the market within the next 60 days! https://www.coindesk.com/...
  • @mdudas Mike Daodas on x
    i have no idea what any of this means lol https://www.theblockcrypto.com/ ...