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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (180539)	11/21/2021 7:26:55 AM
From: TobagoJack	2 Recommendations Recommended By maceng2 marcher Read Replies (1) \| Respond to of 217742

Yes, the seals are nice, and had ran across some choice ones in the past at shows. In the meantime, bit-porn Should the initiative succeed by bitcoin-money reset of national economy, what will the economists spin? Worth following … bloomberg.com El Salvador Plans Tokenized Bitcoin Bonds and Tax-Free ‘Bitcoin City’ Michael D McDonald November 21, 2021, 1:21 PM GMT+8 Nayib Bukele Photographer: Michael Nagle/BloombergEl Salvador intends to issue the world’s first sovereign Bitcoin bonds and build Bitcoin City, which will be free of income, property and capital gains taxes, President Nayib Bukele announced in the beach town of Mizata to a crowd of cheering Bitcoin enthusiasts. El Salvador plans to issue $1 billion in tokenized U.S.-dollar denominated 10-year bonds to pay 6.5% via the Liquid Network, according to Samson Mow, chief strategy officer of Blockstream. Half of the funds of the so-called “volcano bond” will be converted to Bitcoin and the other half will be used for infrastructure and Bitcoin mining powered by geothermal energy, Mow said, while sharing the stage with Bukele. After a five-year lockup period, the government will begin to sell its Bitcoins and pay an additional dividend to investors, Mow said. He told Bloomberg News on Thursday about his proposal. Blockstream models show at the end of the 10th year of the bond, the annual percentage yield will be 146% due to Bitcoin’s projected appreciation, Mow said, forecasting Bitcoin will hit the $1 million mark within five years. Mow said the lockup period on the bonds is designed to take $500 million in Bitcoin out of the market for five years, adding to the tokens’ scarcity and value. Bitcoin reached an all-time high above $68,000 earlier in November, and has declined nearly 20% in the weeks since. Bukele has more than once responded to declines in the price of Bitcoin by “ buying the dip”. As of the end of October, the country owned at least 1,100 of the tokens. The plans will make El Salvador “the financial center of the world” and “the Singapore of Latin America,” Mow said, adding he expects other countries to follow suit. “The first countries that do this will have a massive advantage. This is the beginning of nation state Bitcoin FOMO,” Mow said, referring to the term “fear of missing out”. READ MORE: El Salvador’s ‘Bitcoin Week’ Draws Faithful to Party, Preach (1) Investors will also be awarded permanent residence and be fast-tracked to citizenship, Mow said while standing next to Bukele. Bitcoin City will be built near the Conchagua volcano which will provide energy for mining, Bukele said, adding that Bitcoin bond issuance will begin in 2022. The only tax in Bitcoin City will be a 10% value-added tax to fund city construction and services, he said. In September, El Salvador became the first country to accept Bitcoin as legal tender, a move met with both enthusiasm and protests in the months since. (Updates with additional context and current Bitcoin price) Before it's here, it's on the Bloomberg Terminal. LEARN MORE Sent from my iPad

To: maceng2 who wrote (180539)	11/21/2021 6:01:47 PM
From: TobagoJack	2 Recommendations Recommended By Arran Yuan SirWalterRalegh Read Replies (1) \| Respond to of 217742

BTW, partook in group dinner Friday and at table be a china real estate guy, two tech guys, alone with wives. Subjects covered were broad and at least included kids education, common prosperity, hong kong, crypto, and and and (1) All wives at the table sported passports other than China, plus China and all had HK papers. All guys hold HK and China papers. (2) Given such, believe HK's immigration policy has been brilliant, and highly competitive. (3) All except my wife and I travelling here there everywhere on 'little jet' as opposed to 'big jet', and therefore vaxxed for whichever place they most travel to. (4) All super bullish on HK, per 'must do comparisons, and Hong Kong compares well against all other places without even trying'. (5) All agreed that the Chinese civilisation-state comes first and before all other China China China issues, and whichever political party delivers on that which comes first and before all, gets the collective nod. (6) All wished to have kids spend one year at a China university. (7) Other than schooling for the kids, none had any inkling of interest to have anything remotely to do with the USA. (8) Portuguese, Malta, Cyprus passports are considered good, because such places do not have genuine 'government' as the folks knew it. Had it not been for the travel issue, folks would be happy with papers from Philippines, Thailand, etc etc for the same reasons. (9) None at the table are fooled by neo-people MSM. People's Daily much more informative if one knew how to read the paper. (10) None had any issue with CCP common-prosperity, and all happy with the way China being run. (11) All happy they had true freedom. The freedom of choice, the freedom that must be earned. IOW, the fiction that the freedom one is supposedly born with is absolute utter BS, everywhere, and is a fiction to fool the people by the people against other people, and still works. (12) No one paid any attention to any China economic stats, and for that matter, economic stats of anywhere else. They seemed to get a feel from respective businesses, and by the sound of it, even for the real estate guy who astutely invests with the tech guys, and did not leverage up, all thought China economy just fine, power 'shortage' and all. (13) Re bitcoin, folks felt that the government crackdown for several reasons, but mainly to do with capital flight (foreign direct investment), and when ready, China might well re-engage with bitcoin if bitcoin remains a 'thing' stitched into the monetary-financial DNA of other domains. Wrestling back hash production does not have to be any explicit goal. When allowed, the industry would flourish if still a 'thing' (14) Ultra bullish on blockchain tech.