Bitcoin Volcano Bond for El Salvador
What did I just witness?
The is coming. The first one will be the “Volcano Bond.” Backed by #Bitcoin and with a special Bitcoin Dividend. Excited to make this a reality with , , and . 🤝🌋🇸🇻
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?
Blockstream @BlockstreamWe'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://t.co/rDaCDdewSo https://t.co/3VAC6MISSl
8. Click for thread
1/ I’m back at my hotel now with wifi so going to use this thread to share videos I took of the city announcement. First, entrance
More details, from the video:
₿itcoin Gandalf @BTCGandalf12/ more #bitcoin bond details https://t.co/mkAVgSLS61
Here's announcing the Bitcoin City project for El Salvador. A city with 0 income tax, 0 CGT, 0 property tax, 0 payroll tax Funded with 10% sales tax, and Bitcoin bonds. joined to talk about structure and using liquid.
Costa Rica wants to introduce a 13% VAT and 15% capital gains tax on . El Salvador is issuing $1bn #bitcoin bond and building a city free of income and capital gains tax. Winners and losers define themselves.
"En no tendremos impuesto sobre la renta, para siempre. Sin impuestos sobre las ganancias, cero impuesto sobre la propiedad, ni impuestos sobre las contrataciones, cero impuestos municipales y cero emisiones de CO2", Presidente .
El Salvador’s Bitcoin city will offer 0% income tax, 0% CGT tax, 0% property tax, and 0% payroll tax. Remember Biden and Yellen wanting to tax your unrealized gains? Nation state game theory in full swing 🍿