Nayib Bukele has met with the president La Geo, a company that generates geothermal energy thanks to a volcano. This type of electricity generation is completely clean, making it 100% renewable energy. This electric power generation plant has the capacity to offer up to 95MW of completely clean energy.
Bukele would already be working on creating a Bitcoin mining farm close to this volcano-based plant. And it might not be the last, since El Salvador on its surface of 21,041 square kilometers, has 170 volcanoes of which 14 are currently active. This would allow the country to install a huge number of Bitcoin mining farms and thus generate wealth.
https://twitter.com/nayibbukele/status/1402680890057166858
The acceptance of Bitcoin as legal tender in El Salvador opens an economic door for the country and a huge door for mass adoption internationally. Lord Fusitu’a, Member of Parliament of Tonga opens the door to the adoption of Bitcoin as legal tender. In addition, several parliamentarians in Latin America are interested in Bitcoin and its adoption as legal tender.
Perhaps the most striking move is the recently published Indian Express newspaper cover stating that "India may move to classify Bitcoin as an asset." To give us an idea of how important this would be, approximately 1.4 billion people live in India.
https://twitter.com/DocumentingBTC/status/1402946040282615808
All these movements require some adjustments in Bitcoin, which currently has limitations in the ability to process transactions. Currently, Bitcoin supports between 5-8 transactions per second, much lower than other means of payment. The Taproot update could facilitate a scalability improvement in the ability to process transactions within Bitcoin. Additionally, we have Ligthning Network, a mechanism that allows instant transactions through transactions "outside" of the Bitcoin blockchain.
Una de las cosas que me pregunto es quien va a construir las presas eléctricas en los volcanes o mas bien dicho quien va a pagar por ese proyecto. Es una muy buena idea pero el costo de hacerlo debe pagarse solo ya cuando el proyecto este hecho. A ver que resultados tenemos al final pero por el momento hay que esperar otros 80 días para ver que pasa.