That would be nice! since they were the first country to adopt the use of bitcoin, they should be the first to create such a city that everything you need about cryptocurrencies will be there. I think they've done the job well that's why they want to further expand their innovations with the help of bitcoins. everything was working out well with El Salvador, investors should be aware of possible profit when they finalized their decision about creating that Bitcoin City, I'm sure the first to invest will be the first to earn.

I agree that this is not just a nice move but another great one from the El Salvadorian President Nayib Bukeleand his Government. They have continued to prove to others that this can be done and particularly even mapping out some of the investment to be completed like the schools and the veterinary hospital. I believe they will get all the support they need to fulfill this move from the institutions that are connected to it.

Unlike many other projects that have been speculated and talked about for years, I am pretty sure that this project will succeed only because its location is El Salvador. Because everything their president has announced and promised so far has come true, from Bitcoin becoming a legal tender, to building a mining farm that uses geothermal energy from volcanoes.

Some call him a dictator, a man who abuses his powers, and a lunatic who will ruin the country - but I think it's the most exciting country when it comes to Bitcoin, something most of us can only dream of. Although at first, I was a bit skeptical about all this, now I see that these are not just empty words and promises - I hope to visit Bitcoin City one day

El Salvador has the guts to implement that project despite all of the negative comments from the world biggest lenders like the World Bank and IMF, it seems that El Salvador has not deterred, and maybe if that project will become successful I think some of neighboring Latin American countries will follow that Bitcoin strategy and the chain of global cryptocurrency adoption will increase if that happens I think China will realize their mistake about banning Bitcoin and cryptocurrencies. 

The main pace of Bitcoin is really growing rapidly in El Salvador, going quite smoothly even though at first they had problems and they were able to overcome it so easily. Not a few are contradictory but the government there is so pro against the adoption of Bitcoin. So as a form of appreciation and achievement that they carried out for the first time Bitcoin was legalized and until now we certainly see El Salvador's contribution to being the first country that can develop even more rapidly in the future.

So these are the project’s highlights, as far as I can make it to date:

-   The city will be built between La Unión and Conchagua.
-   It will consume geothermal energy.
-   It will be essentially free from tax (no tax on income, capital gains, property, payroll, city taxes, CO2 tax). The only tax that will apply is the VAT (Value Added Tax), being this tax used to pay for the city’s infrastructure, maintenance, and to pay out for the city bonds (see further down).
-   Free from CO2 emissions.
-   It will start to be built next year, near the Conchagua volcano (… easy there …)
-   It will have all the full-fledged services that you’d expect in a city.
-   It will be initially funded through tokenized bitcoin bonds for a facial value of 1.000M $, out of which 500M $ will be invested in bitcoin, and the other 500M $ will go towards infrastructure, energy and mining. Nevertheless, I've read that they estimate needing 300 000 BTCs (17 774 M$) to fully fund the public infrastructure, without there bein and explanation as to how to fill the gap between the initial funding and the x17 needed figure.

I kind of get the feeling that @Bukele is betting heavily on "bitcoin going up forever". The fact that half of the income from the bonds will be used to purchase bitcoin, gives me the impression that part of the plan is to do what we’ve already seen before: use bitcoin as a source to finance part of the project, but not being transparent on the plan of action if the price were to go south instead of north. The tax plan is not aligned with anything we’re used to, and if seems a wonder how the budget will be set and met.

There are still many details to be portrayed, and I’m personally perplexed and wondering if this is an act of madness or bravery …

See :
https://www-criptonoticias-com.translate.goog/comunidad/adopcion/nayib-bukele-anuncia-bitcoin-city-primera-ciudad-bitcoiner-mundo/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=nui

https://twitter.com/nayibbukele

If he would have said 5-10 billion, yeah, maybe he had a plan.
For half a billion you're not going to build a city, not in Salvador.

I was going through projects in Salvador and seems that most projects are at the same cost the cheapest in central Europe., around $400 million for 100km of near highway standard roads.
I've checked also a few prices on apartments and the cheapest ones stand for 40k, Let's assume you manage to get construction for only 20k, you will still only be able to build only 20k apartments in that city for all the money.
The first stage of the Berlin powerplant, just 50MW was $120m back in 1999 , Hellisheiði Power Station in Iceland with 300MW was around 1 billion only the plant.

No, with 1 billion you're not going to build a city, a village with hot baths yeah, but not a city.

Yep, It didn’t add up, until I found a couple of references (*) to the total amount needed for the public infrastructure being that of x17 (I believe I added that to my post as you were writing your post). Now I’m left wondering how they’ll go from one figure to the other, and what the timeframe is for the complete project. I guess we’ll see more of this over time.

(*) for example, this one:
https://www-businessinsider-es.translate.goog/bitcoin-city-primera-ciudad-financiada-criptomoneda-968367?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=nui

Very good Lucius, I have seen before that you were not entirely positive towards ES
and Bukele. Your turnaround could be a sign that many more will change their minds.

We have to remember that El Salvador are breaking new ground with their Bitcoin
adoption, they are also doing it alone, no other country is helping (as far as we know anyway).

I hope as their plans progress that the country as a whole can benefit not just the elite.

El Salvador showed a lot of things we didn't expect to be the most loyal country in Bitcoin. And they deserve to spark a Bitcoin city where Bitcoin's presence is welcomed in this country. Whereas previously Bitcoin was an enemy that the government of a country had to fight. But El Salvador opened our eyes, that Bitcoin can live among us without needing to attack each other. Because the merger of the government with Bitcoin actually became the beginning of a pilot country to open the world's eyes wide to the existence of Bitcoin.