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Bitcoin City
Bitcoin City is a planned smart city project in La Unión, El Salvador. The planned city is intended to be a tax haven, and to use geothermal energy to power Bitcoin mining. The feasibility of its reliance on both geothermal energy and Bitcoin have been the subject of criticism, alongside concerns regarding delays in the project's financing and construction. Description In November 2021, Nayib Bukele announced that he planned to build Bitcoin City in the southeastern region of La Unión at the base of the Conchagua volcano, which would use geothermal energy to power bitcoin mining. The project has been criticized by ecologist Ricardo Navarro. “Geothermal still costs more than oil, otherwise we would already be using more of it. What will end up happening is that we will just be buying more oil," he told ''The Telegraph''. The planned city will use energy from Conchagua volcano to power its infrastructure, as well as the mining of cryptocurrencies. The project, announced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nayib Bukele
Nayib Armando Bukele Ortez (; born 24 July 1981) is a Salvadoran politician and businessman who is the 43rd president of El Salvador, serving since 1 June 2019. He is the first president since José Napoleón Duarte (1984–1989) not to have been elected as the candidate of one of the country's two major political parties: the left-wing Farabundo Martí National Liberation Front (FMLN) and the right-wing Nationalist Republican Alliance (ARENA). Bukele served as mayor of Nuevo Cuscatlán for three years from 2012 to 2015, and then served three years as mayor of San Salvador, the nation's capital, from 2015 to 2018. After winning both mayoral elections as a member of the FMLN, in 2017 Bukele was expelled from the party. In 2018 he established his own political party: Nuevas Ideas (NI). He sought to run for president in the 2019 election with the center-left Democratic Change (CD); however, the Supreme Electoral Court (TSE) dissolved the CD, forcing Bukele to instead run w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geothermal Energy
Geothermal energy is the thermal energy in the Earth's crust which originates from the formation of the planet and from radioactive decay of materials in currently uncertain but possibly roughly equal proportions. The high temperature and pressure in Earth's interior cause some rock to melt and solid mantle to behave plastically. This results in parts of the mantle convecting upward since it is lighter than the surrounding rock. Temperatures at the core–mantle boundary can reach over 4000 °C (7200 °F). Geothermal heating, using water from hot springs, for example, has been used for bathing since Paleolithic times and for space heating since ancient Roman times. More recently geothermal power, the term used for generation of electricity from geothermal energy, has gained in importance. It is estimated that the earth's geothermal resources are theoretically more than adequate to supply humanity's energy needs, although only a very small fraction is currentl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of El Salvador
The economy of El Salvador has experienced relatively low rates of GDP growth, in comparison to other developing countries. Rates have not risen above the low single digits in nearly two decades – part of a broader environment of macroeconomic instability which the integration of the United States dollar has done little to improve. One problem that the Salvadoran economy faces is the inequality in the distribution of income. In 2011, El Salvador had a Gini Coefficient of .485, which although similar to that of the United States, leaves 37.8% of the population below the poverty line, due to lower aggregate income. The richest 10% of the population receives approximately 15 times the income of the poorest 40%. As of 3 November 2014, the IMF reports official reserve assets to be $3.192B. Foreign currency reserves (in convertible foreign currencies) are $2.675B. Securities are $2.577B with total currency and deposits at $94.9M. Securities with other national central banks (B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Planned Communities In El Salvador
Planning is the process of thinking regarding the activities required to achieve a desired goal. Planning is based on foresight, the fundamental capacity for mental time travel. The evolution of forethought, the capacity to think ahead, is considered to have been a prime mover in human evolution. Planning is a fundamental property of intelligent behavior. It involves the use of logic and imagination to visualise not only a desired end result, but the steps necessary to achieve that result. An important aspect of planning is its relationship to forecasting. Forecasting aims to predict what the future will look like, while planning imagines what the future could look like. Planning according to established principles is a core part of many professional occupations, particularly in fields such as management and business. Once a plan has been developed it is possible to measure and assess progress, efficiency and effectiveness. As circumstances change, plans may need to be modifie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Playa El Zonte
El Zonte is a town in La Libertad Department in El Salvador. A popular tourist destination, El Zonte has been described as a "world surfing mecca". Playa El Zonte (English: ''El Zonte Beach''; nicknamed Bitcoin Beach) became one of the first locales in the country to accept Bitcoin as a payment method, and inspired the country's adoption of Bitcoin as a legal tender. Town profile El Zonte is a town with a population of 3,000. According to ''Reuters'', "El Zonte is visibly poor, with dirt roads and a faulty drainage system." El Zonte is located 26 miles from San Salvador, the national capital. The local economy is heavily dependent on tourism, particularly surfing. According to ''France 24'', El Zonte attracts tourists from United States, Canada, Europe, and Brazil looking to surf, with surfing classes costing between $10 to $50 an hour. In El Zonte, a foreign volunteer-run program called the "Medusas" provide English and art education as well as low-cost surfing instruct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Haven
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner ( non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat percentage rate of taxation on personal annual income, but mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cryptocurrency
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities. Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. Despite their name, cryptocurrencies are not considered to be currencies in the traditional sense, and while varying treatments have been applied to them, including classification as commodities, securities, and currencies, cryptocurrencies are generally viewed as a distin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Sector In El Salvador
El Salvador's energy sector is largerly focused on renewables. El Salvador is the largest producer of geothermal energy in Central America. Except for hydroelectric generation, which is almost totally owned and operated by the public company CEL ('' Comisión Hidroeléctrica del Río Lempa''), the rest of the generation capacity is in private hands. With demand expected to grow at a rate of 5% in the coming years, the Government's 2007 National Energy Strategy identified several hydroelectric and geothermal projects as the best option to meet demand in the future and to diversify the country's energy mix. This would also reduce the dependence on traditional thermal sources and, with that, the vulnerability to high oil prices that the country started to face in 2005. El Salvador is also one of the countries included in the SIEPAC project, which will integrate the electricity network of the country with the rest of the Central American region. Electricity supply and demand ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conchagua (volcano)
Conchagua (also known as Cochague) is a stratovolcano in southeastern El Salvador, overlooking the Gulf of Fonseca. Cerro del Ocote and Cerro de la Bandera are the two main summits, with Bandera appearing younger and more conical (see photo). There are active fumarolic areas on both peaks, but no confirmed historical eruptions. It is surrounded by forest called Bosque Conchagua. Conchagua, in Native American indigenous Salvadoran Lenca language, means (Flying Jaguar). According to historians, the volcano was settled by the Lenca civilization, who worshipped the goddess Comizahual, an indigenous Jaguar Princess. Lenca legends say that Conchagua was Comizahual's favorite volcano, and upon her death she was taken on top on Conchagua where her body turned into many golden Chiltota birds that took off from Conchagua volcano. Conchagua, Golfo de Fonseca.jpg, On top on Conchagua volcano, on a lookout called (Mirador Espiritu de la Montana), which overlooks the Gulf of Fonseca Plans ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fernando Romero
Fernando Romero Havaux (born 11 October 1971) is a Mexican businessman, design curator, and architect. He is the founder of fr·ee and Archivo Diseño y Arquitectura. He is the son-in-law of Mexican billionaire, Carlos Slim. Background Fernando Romero is the great grandson of Alejandro Romero Lesbros, who was a pioneer in the development of several boroughs and recreation districts in Mexico City from the 1920s to the 1940s. His grandfather Raúl Romero Erazo and father Raúl Romero Zenizo continued the family business. He studied architecture at Universidad Iberoamericana in Mexico City from 1991 until 1995, serving as a president of the alumni society. In 2012, Romero lectured as a visiting professor at Columbia University in New York City. He is a member of the American Institute of Architects and CAMSAM (Mexican Chamber of Architects). Early career In 1995, following graduation, Romero joined the office of Rem Koolhaas, Office for Metropolitan Architecture (OMA), in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bitcoin
Bitcoin (abbreviation: BTC; sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009, when its implementation was released as open-source software. The word "''bitcoin''" was defined in a white paper published on October 31, 2008. It is a compound of the words ''bit'' and ''coin''. The legality of bitcoin varies by region. Nine countries have fully banned bitcoin use, while a further fifteen have implicitly banned it. A few governments have used bitcoin in some capacity. El Salvador has adopted Bitcoin as legal tender, although use by merchants remains low. Ukraine has accepted cryptocurrency donations to fund the resistance to the 2022 Rus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
El Salvador
El Salvador (; , meaning " The Saviour"), officially the Republic of El Salvador ( es, República de El Salvador), is a country in Central America. It is bordered on the northeast by Honduras, on the northwest by Guatemala, and on the south by the Pacific Ocean. El Salvador's capital and largest city is San Salvador. The country's population in 2022 is estimated to be 6.5 million. Among the Mesoamerican nations that historically controlled the region are the Lenca (after 600 AD), the Mayans, and then the Cuzcatlecs. Archaeological monuments also suggest an early Olmec presence around the first millennium BC. In the beginning of the 16th century, the Spanish Empire conquered the Central American territory, incorporating it into the Viceroyalty of New Spain ruled from Mexico City. However the Viceroyalty of Mexico had little to no influence in the daily affairs of the isthmus, which was colonized in 1524. In 1609, the area was declared the Captaincy General of Guatemal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
_-_Playa_-_panoramio.jpg "Click for more on -> Playa El Zonte")
