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News From El Salvador, Late November: Post Bitcoin Week Report

  • November 27, 2021
  • Posted by: admin
  • Category: BitCoin, Blockchain, Cryptocurrency, Investments
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Time to check back with El Salvador. During Bitcoin Week, it was so hectic down there that we didn’t know where to start. Everybody in the Bitcoin space visited San Salvador and El Zonte. The highlight was that President Bukele announced the project to build Bitcoin City and to issue $1B Bitcoin bonds to finance it, but Bitcoinist already covered that. What else happened? Everything. We couldn’t even begin to cover it all. So, we’re going to feature a lot of interesting stories with a lot of interesting people and call it a day.

Related Reading | ETH’s Vitalik Buterin Blasts El Salvador’s Bitcoin Law. Is He On To Something?

These are not the usual protagonist of the “News From El Salvador” section, so brace yourself for new blood.

Volcano Mining And Blockstream’s Satellite

  • The mine powered by a volcano just got an upgrade. To kick off the week, they connected it to Blockstream’s satellite to guarantee 100% uptime. In the video news report, we see Samson Mow, Blockstream CSO, with President Bukele’s brother at the site.

  • Still at the politician level, here we have a promotional video by Milena Mayorga, Ambassador of El Salvador to the United States. In it, we can see how lively LABITCONF was, and Mayorga kicking off the event.

The Conferences And The Parties

  • If you’re interested in LABITCOINF’s talks, Bitcoin Magazine livestreamed them with an English-speaking interpreter to boot. Here’s Day One. Day Two is here. And Day Three. Now, if you want to feel the event’s vibe, check this short video out.

Also, the after-party:

BTCUSD price chart for 11/27/2021 - TradingView

BTC price chart for 11/27/2021 on FX | Source: BTC/USD on TradingView.com

Influencers During Bitcoin Week

  • Let’s play How it Started/ How it’s Going, starring Bitcoin Rapid Fire’s Jhon Valis. It started with a conservative “Bullishness on El Salvador increasing rapidly,” and a list of positive characteristics:

After the events, Valis was considering immigration. “Might move to El Salvador for the sole reason that for 2 weeks it was so refreshing to be surrounded by hope and positive visions for the future.”

  • Now, let’s play the same game with LOReBitcoin. She’s a Mexican podcaster that runs the Bitcoin Embassy Bar in Mexico City. Here, we see her arriving and interacting with the Chivo ecosystem for the first time. “My experience here has been incredible, thank you for everything dear Salvadorans. We are going to give everything to Bitcoin week,” she says. How it started:

After the event, LOReBitcoin says: “For me, the best of LABITCONF  have been all donations made to humanitarian causes. From donating La Bitcoineta to Bitcoin Beach, to the art auction to raise funds for a hospital, to the collection for the education of Builtwithbtc, just amazing”

  • Since 2018, La Bitcoineta toured Latin America spreading the Bitcoin gospel. After the events, the van is Bitcoin Beach’s official vehicle:

There’s Life After Bitcoin Week

  • The events might be over, but Bitcoin keeps working 24/7. After a week of events, four of the most well-known Bitcoin-only speakers in the space joined forces for this meetup:

And here’s a picture of the event by Darvin Otero, who Bitcoinist already featured in a “From The Ground” report. The panelists are showing the mempool, a very important tool.

Related Reading | From The Ground: The “Bitcoin In El Salvador” Documentary, What Did We Learn?

The dark shadow looming over the event was the Chivo Ecosystem. There were countless reports of the Chivo Wallet malfunctioning, receiving people’s sats but not processing the transactions. There were also reports of the Chivo ATMs doing the same and not giving people cash. We’ll cover that topic on the next “From The Ground” report, coming soon to a Bitcoinist near you.

 

Featured Image: Screenshot from this Milena Mayorga tweet | Charts by TradingView
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