Exactly, this BTC coin has something unique and technologically innovative and if talking about the future development and adoption of BTC, it seems that it is becoming more and more real and on the other hand, in this moment many people prefer to choose digital currencies because banks and governments do not have direct control over them but like any investment, may involve the risk of losing money. So, beware of Fomo and stay calm and hold at times like this.

On Twitter, a video of a child paying with Bitcoin using his card at a shopping center in El Salvador, I also saw it earlier.

The ice cream is definitely delicious.

Using bitcoin as a means of payment is easier and more convenient.
The child definitely knows the advantages of using bitcoin as a means of payment.

Salvadoran company Volcano Energy announced yesterday that it has received $1 billion in financial commitments to build a Bitcoin mining farm with a total capacity of 241 megawatts (MW). The plant is to be built in the northwest of El Salvador in the El Shiste region near the city of Metapán. One of the investors is the stablecoin issuer Tether, which just a few days ago announced its involvement in Bitcoin mining in Uruguay.
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Not only during the war in Russia and Ukraine, people were helped far and wide by Bitcoin, but also when the global corona virus took the form of a pandemic, many donations were made through Bitcoin. Even when Turkey's highest magnitude earthquake hit the city of Turkey and many people died under the rubble, a large number of people donated through Bitcoin. Bitcoin is a reliable digital currency, which can be used in all fields. The popularity of bitcoins is gradually increasing and the popularity of the dollar is gradually decreasing. Just as El Salvador has approved Bitcoin as a legal tender by keeping their country's currency, many developing countries around the world are making plans around Bitcoin. For a long time, the dollar has been used as the international currency worldwide, so it will take a long time for bitcoin to take the place of the dollar, but at some point, bitcoin will definitely be more popular than the dollar.

Dollar will be there. You need a dollar to scale/calculate your Bitcoin value. Both could be the same in terms of popularity. But I do not think Bitcoin will take over the dollar anytime soon. Do we expect it? I don't know. But where there is a good side, the opposite exists as well. But we don't know the future. You could be right as well.

In today's world the number of people who use dollars is very high but the popularity of Bitcoin is also very high now if you compare it with the past few years. So what is the reason behind the popularity of Bitcoin or who is using Bitcoin? Dollar users are Bitcoin users. Now maybe they are giving more importance to dollar than bitcoin but after few years it will be seen that bitcoin has taken the place of dollar. We always hear positive news about Bitcoin. Starting from the transaction of buying and selling houses through Bitcoin, many large transactions are currently being done by people through Bitcoin. Those who are doing big transactions with Bitcoin could do their transactions with Euros or Dollars if they want but they are relying on Bitcoins instead of doing them, in this case it is definitely safer for those people to use Dollars or Bitcoins from Europe as a means of transaction.  

People now look for security of money as well as people now prefer to use digital money. It is only a matter of time that the use of the dollar will decrease and the use of Bitcoin will increase at a later date. Maybe we won't see it, but our next generation will see the highest use of bitcoins compared to the dollar.

I think it's all because of the media. a few years ago people didn't really think about what was developing in the media, or even access to social media was very limited to certain communities. but today we can see the development of social media, the use of which I am sure exceeds that of people who read newspapers or magazines.
This also happens with the use of Bitcoin, such as in El Salvador, where videos that are made and published spread very quickly. everyone in the community and even those who were previously unaware of Bitcoin also read and viewed the information.

The widespread use of Bitcoin does not necessarily replace the role of the dollar now or even in the future. We all know the problem with the value of Bitcoin because we cannot label an item that is bought and sold for 1 Bitcoin. I mean we will still do it with $ and then we convert to Bitcoin.
people think more about Bitcoin as an asset, that's what happens and is understood by most people today. So when they see 1 Bitcoin, then it's not 1 Bitcoin. but some reed thousand dollars.

First Bitcoin Mining Pool from El Salvador


After launching their Bitcoin mining project in June this year in El Salvador, Vulcano Energy has announced a new deal with Luxor Technologies to set up the country's first Bitcoin mining pool in America and is working towards making the project a reality.

The news comes from an email from Martinez that says Bitcoin Miner's main goal is to decentralize Bitcoin mining and take advantage of El Salvador's regulatory transparency. We decided to launch one from Salvador. The only country with regulatory transparency and a business climate that provides stability and predictability for Bitcoin trading. This kind of risk-taking of El Salbad is widely read as we can understand from this news.

This volcano has developed a bitcoin mining facility in the western section of Shanta Anna using wind and solar energy sources. And this bitcoin mining project will generate renewable energy with a capacity of 241 megawatts and will be partially used to mine bitcoins and provide cheap electricity to local communities. So that the people of El Salvador are always interested in using this electricity resource and the project will always try to provide the right level of service.

The main interesting point is that the Bitcoin network currently has a hash rate of 458.441 Ehash/s. Despite Bitcoin's low price since 2021, the hash rate and interest of miners to participate in the network has continued to increase. And since the labor force of attraction is in the right mind so far, if the price of Bitcoin increases, the miners' willingness to labor must increase. And the people of El Salvador will try again to increase their project to a more accurate level.

Source link: https://www.forbes.com/sites/digital-assets/2023/10/04/the-first-bitcoin-mining-pool-from-el-salvador-is-here/?sh=1a39646468b1

El Salvador has taken the lead in terms of bitcoin adoption even upto level of being used as their legal tender. The advantage to this is that it creates a safe heaven for investors to invest and also gives a sense of security to the investments committed. A new technology finally finds its safe heaven in El Salavdor, let's give the country just one decade and see what it's decision has made it become.

Dubai is growing rapidly because it opened its arms to blockchain, El Salvador took a step ahead to make it evenake it a legal tender, I can only but imagine the impact on its economy over the years to come