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Showing posts with the label El Salvador

How To Cut Your Country's Crime Rate By 97%.

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A Salvadoran convict, looking like maybe he regrets some of his life choices. Republic of The Savior The last time I wrote about El Salvador here, back in 2021, I used the English translation of the country's official name:   Republic of the Savior . I used that title, because El Salvador was being seen then as a savoir of Bitcoin: Its President Nayib Bukele had made Bitcoin official tender in the country and announced he was going to use geothermal energy to fuel Bitcoin mining (at the time, there was a lot of concern about fossil fuels being used to power Bitcoin mining).  I’ve just instructed the president of   @LaGeoSV   (our state-owned geothermal electric company), to put up a plan to offer facilities for   #Bitcoin   mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos 🌋 This is going to evolve fast! 🇸🇻   pic.twitter.com/1316DV4YwT — Nayib Bukele (@nayibbukele)   June 9, 2021 Some Bitcoin maximalists speculated that this would make El S