Sultán
@elsultanbitcoin
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CMO @eldoradoio | Helping +250K Latinos save in USD with stablecoins
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Pinned Tweet
Just published a halving post-mortem on
@BitcoinMagazine
covering its impact on the
#Bitcoin
mining space:
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In Venezuela today you need 465 trillion Bolívares (Bs.) to buy $1.
My family would be fucked without
#Bitcoin
.
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This year El Salvador will flip Venezuela in terms of GDP.
The smallest country in South America, beating the one with the biggest oil reserves in the world, thanks to
#Bitcoin
and democracy.
💊 🇸🇻 > 🛢️🇻🇪
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"I think the Internet is going to be one of the major forces for reducing the role of government. The only thing that's missing is a reliable form of e-cash" - Friedman
#Bitcoin
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BREAKING: Mercadolibre, South America's biggest ecomerce platform, has enabled buy
#Bitcoin
services in Brazil.
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BREAKING: El Salvador's government is looking to provide
#Bitcoin
-backed loans to small and mid-sized businesses.
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"I am convinced that we shall never haver decent money again before we take from governments the monopoly of issuing money" - Hayek
#Bitcoin
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I'm happy - Bitcoin is fucking saving my Venezuelan family!
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Accepting
#Bitcoin
in El Salvador is free and purely optional.
These are Ana and Carla, they sell pupusas and coffee on the street for $1, and because they have a
@chivowallet
you can pay them using Lightning.⚡️
🇸🇻 🌋 👍
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30 freaking trillion dollars in debt.💸
How the heck can you not own
#Bitcoin
knowing this?
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In Argentina +2.000.000 people own
#Bitcoin
, which is 5X the number of Argentinians that own legacy financial instruments like stocks or bonds.
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237 million Brazilians will now need to find a way to escape currency devaluation.
#Bitcoin
is hope for Brazil. 🇧🇷
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BOOM 🤯 now that
@DIRECTVVE
no longer provides services inside Venezuela 🇻🇪 I’m finally going offline by setting up my own
#Bitcoin
Satellite 📡 Full node connected to
@Blockstream
Eutelsat South American Satellite. I love you ❤️
#bitcoin
you’re helping my family stay alive!
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$1 is trading for 2.5 quadrillion Bolivars in Venezuela today 🇻🇪
My family and I would be fucked if we hadn’t saved in Bitcoin.
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Just got running up a
#bitcoin
satellite full node.
Using one of
@Blockstream
's Satellite Pro Kit's, I'm now downloading blocks from space in Caracas, Venezuela. 🇻🇪 ⛓️ 📡 🌌 🛰️
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Only idiots in Rio De Janeiro will pay their taxes using
#Bitcoin
, in exchange for a 10% discount.
The Brazilian Real lost 10% of its value last year, that's your discount.
Always pay in fiat, keep your BTC!
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Bitcoin will be a +$10 Trillion monetary network.
If El Salvador captures 1% of it over the next 10 years the country could grow its GDP by more than 367% or 16.67%/year.
Since the 90s El Salvador's economy has grown at a rate of ~2%/year.
Yup,
#Bitcoin
can 10x nations too!
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Venezuelans can’t send or receive international wires.
Another reason why
#Bitcoin
’s a lifesaver in the country. 🇻🇪
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🇹🇴 Tonga will be the next country to make
#Bitcoin
legal tender. Bitcoiners will then travel to the country to boost it. 🚀
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All Bitcoin custodial services should support Proof-of-Reserves.
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#bitcoin
became the first open source space-ready infrastructure after
@Blockstream
connected the most powerful monetary network to 5 satellites. 🛰
Here’s a thread 🧵 with some daylight pics and insights of my
#bitcoin
Satellite Full Node setup. /1
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My sister just texted me because she was trying to buy a juice in Caracas, Venezuela but they only accepted
#bitcoin
or Venezuelan Bolívares (Bs.) for payments. Wow!
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I'm having a baby girl. 💖
There's no words for how
#Bitcoin
has allowed us to take care of our family.
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Last weekend I started teaching my 9 years old nephew what a
#bitcoin
Full Node is. This weekend has been all about the Lightning Network ⚡.
I'm amazed by how quickly he gets it!
It's impossible to spot what next generations will achieve with Bitcoin.
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Germany is now banning energy price increases.
Same thing happened in Venezuela, and the end result is catastrophic inflation!
If you’re European you’d better be stacking some
#Bitcoin
in cold storage.
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In 2008 my Venezuelan family lost almost all of our life savings to three US banks. 🏦
The FDIC didn’t pay us shit! We went to court, banks extended the case until we bled our savings.
The financial system is dirty, only way to avoid counterparty risk is
#btc
cold storage. 🔐
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Binance powers 90% of Venezuela’s remittances. Every single informal money transmitter in the country uses
#USDTether
via Binance P2P.
If Binance fails, millions of Venezuelans will have to learn the importance of
#Bitcoin
self-custody the hard way.
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In Venezuela today you need 1.7 quadrillion Bolívares (Bs.) to buy $1.
My family would be screwed without
#Bitcoin
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PayPal requires you to have a US phone number if you're from South America.
Another reason why
#Bitcoin
will continue thriving as a global savings mechanism. 🌐
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Accepting
#Bitcoin
is optional in El Salvador, and Ana and Carla chose to accept it.
They save in BTC by receiving it as payment for their pupusas and morning coffee.☕
Here's their QR code generated with
@chivowallet
. They're happy that president
@nayibbukele
RTd them 🤛🏻
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I just received my
@Blockstream
#Bitcoin
Satellite Pro Kit.
I will be connecting to Satellite 🛰 Eutelsat 113 from Santos, Brazil 🇧🇷 very soon!
Massive kudos to
@Excellion
, the whole teams at Blockstream and
@hodlwithLedn
for this unique opportunity.
Let’s play 📡 🛰 🔥🏆🎉
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$1 is worth 2.9 quadrillion Venezuelan Bolivars rn 🇻🇪
1 sat’s worth more than a Bs.
My family and I would be completely f* if we hadn’t found
#bitcoin
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I tell my
#bitcoin
stories publicly because if you're not Venezuelan you don't understand what the collapse of a currency looks like. We're literally people filled with life-changing stories due to an enforced abnormal reality that was imposed to us.
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we’re finally entering the absolute scarcity phase of
#bitcoin
flocks of people are coming, institutions are coming, states are coming, exchanges BTC balances are being sucked by long term holders
you and i, we’re both not ready for the next parabolic move
🚀
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Headed to Brazil, São Paulo.
Plan is to:
• Run a Satellite Full Node in BR 🇧🇷
• Provide Bitcoin lessons for 🆓 in Portuguese
#bitcoin
runs through my veins.
This will be fun ✨🎉🎊
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Actually, these are 10,000 PUBLIC
#Bitcoin
Full nodes. There's +100,000 Full Nodes including the ones that are not public
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You invest in Bitcoin to include it in your portfolio. 💼
I was forced to save in Bitcoin due to my country's currency collapse. 🇻🇪
We're not same, yet Bitcoin is for everyone! 🌎
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Argentina, Bolivia, Colombia, Chile, Cuba, Venezuela now have a leftist president.
Socialist love printing money to run their social programs.
LatAm needs a
#Bitcoin
standard.
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At the hospital waiting for my first baby to see how beautiful today is! 🌞
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More than 6 million Venezuelans have left the country 🇻🇪. Most of them don't own a bank account and are struggling to become legal residents elsewhere.
Little by little these people will discover the
#bitcoin
alternative and create remarkable and inspiring use cases worldwide 🌎
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Me and my family lost almost all of our savings in 2008. They were all deposited within U.S. banks. Leaving them in Venezuela would have been worse.
After a couple of years, when I was old enough and experienced to start investing, I converted all of our savings into
#Bitcoin
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As a Venezuelan 🇻🇪 Bitcoin-only advocate, who lived through hyperinflation, I can say:
- Many Venezuelans stopped using Bitcoin, and moved to USDT after Binance P2P launched with 0 fees in the country.
The reason is twofold and simple:
1. It made live easier for P2P market
24 hours in Argentina and seeing how people move money around, from Peso to Dollar / Bitcoin / Dollars on shitcoin networks, it is clear that people in a currency crisis use whatever they can.
Sorry, while
#Bitcoin
is important here, so is Tether on Tron/Polygon/Ethereum.
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We’re both from Venezuela, and we’re here to keep pushing for
#Bitcoin
til the end. Great meeting you Ángela! 🇧🇷
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Is it really a stablecoin if it's backed by a currency that depreciates by +15%/year?
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"For us Venezuelans,
#Bitcoin
is sometimes not the solution, nor the alternative, it's the need!" 🇻🇪
🎥👉
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