The Village And The Strongman: The Unlikely Story Of Bitcoin And El Salvador
Tracing Bitcoin’s journey in El Salvador, from new hope in a small village to a new law by an increasingly authoritarian government.I. As Fast As LightningI was standing in a small coffee shop just off of an unpaved street, in a Central American village with no traffic lights, an hour’s drive west on curvy jungle roads from the nearest major city.I had walked there from my hotel, passing a half dozen restaurants with sheet metal and tarp roofs, trekking carefully down a steep and muddy ravine that locals use as a path to get from the main road to the beach. It was hot and humid in El....
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Tracing El Salvador's Bitcoin story, from Bitcoin Beach to the ongoing challenges in establishing government-led adoption.
Vernon Hills, Illinois, a Chicago suburb, will sell $10,000 worth of bitcoins that police seized from criminals, according to The Chicago Tribune. The bitcoins were seized during joint police investigations with federal authorities. Village trustees authorized Nikki Larson, the village finance director, to begin the process of selling the bitcoins. Police did not reveal details of the investigation. Bitcoins Swapped For Dollars. Since the village does not have use for the bitcoins, Larson recommended that the village accept its share of the confiscated bitcoins and convert them into U.S.....
A small town located outside of Chicago is about to sell some bitcoins. The village of Vernon Hills, Illinois, is currently in possession of roughly $10,000 worth of the digital currency, according to The Chicago Tribune. That amount, seized last year during a criminal drug investigation by local police and federal agencies, is set to be sold off in the days ahead. Local officials approved a plan to use Coinbase to sell the confiscated coins during a town meeting on 24th January. While not as flashy as one of the US Marshals’ bitcoin auctions or the $19m worth sold in Australia last year,....
This From The Ground report is gold. Stephen DeLorme visited El Salvador and got the information we needed. He talked to real people, experimented with different wallets, went to all kinds of commerces. His story is full of the confusion and angst that being the pioneer carries. El Salvador is going where no country has […]