Breaking News: El Salvadors's BTC Bill passes by supermajority by apshamilton

View this thread on: hive.blog | peakd.com | ecency.com

bitcoin · @apshamilton · Jun 9 '21 (edited)

$13.44

Breaking News: El Salvadors's BTC Bill passes by supermajority

I'm listening in real time on the Twitter Spaces chat with over 22,000 people on it (biggest ever).

The El Salvadoran BTC Bill, which makes it legal tender and mandates BTC acceptance where ever technically possible has passed by a super majority of the Congress. 
It passed by 62 votes for with 19 against (I think).
That is a huge super majority of the 84 member Congress. 
It is 6 votes more than the President's party controls.

History in the making!!!!

Here is the Bill as passed.

https://twitter.com/nayibbukele/status/1402446890466217985/photo/1


Here is my deep dive analysis of this https://peakd.com/elsalvador/@apshamilton/el-salvador-and-btc-deep-dive-on-momentous-impacts


![EL Salvador BTC Law.jpg](https://files.peakd.com/file/peakd-hive/apshamilton/23tcNngfynqXZNJwfuKsuB2UfocLSThBye6kL3BJKWSv8vsAUVMZG8EEbvZVJ7MottV73.jpg)


**[Please vote for my Hive witness.](https://vote.hive.uno/@apshamilton)** (KeyChain or HiveSigner)

[Witness Vote using direct Hivesigner](https://hivesigner.com/sign/account-witness-vote?witness=apshamilton&approve=1)

👍 edicted, tarazkp, geekgirl, apshamilton, kevinwong, sanjeevm, mangos, nathanmars, brianoflondon, hive.curation, xels, hamismsf, marcusantoniu26, jpbliberty, vikisecrets, geneeverett, papilloncharity, amirl, cryptoandcoffee, borran, gamer00, ausbitbank, brofi, centerlink, dylanhobalart, mattclarke, kristall97, louisthomas, arcange, combination, truthbot, gohive, shmoogleosukami, fingersik, wakeupnd, ninnu, tombstone, break-out-trader, jelly13, xmauron3, sbi3, borislavzlatanov, mrsquiggle, hivehydra, bearone, pataty69, podping, breezin, krystle, warnas, kaminchan, vcclothing, jk6276, alphaccino.art, palasatenea, urs, maxer27, laruche, maxuvd, felix.herrmann, bozz, luppers, ozelot47, networkallstar, and 124 others

`author`	apshamilton
`permlink`	breaking-news-el-salvadorss-btc-bill-passes-by-supermajority
`category`	bitcoin
`json_metadata`	"{"app":"peakd/2021.05.5","format":"markdown","description":"El Salvador BTC Bill passes","tags":["bitcoin","leofinance","elsalvador","proofofbrain","legal"],"users":["apshamilton"],"image":["https://files.peakd.com/file/peakd-hive/apshamilton/23tcNngfynqXZNJwfuKsuB2UfocLSThBye6kL3BJKWSv8vsAUVMZG8EEbvZVJ7MottV73.jpg"]}"
`created`	2021-06-09 06:03:42
`last_update`	2021-06-09 09:05:24
`depth`	0
`children`	12
`last_payout`	2021-06-16 06:03:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	6.992 HBD
`curator_payout_value`	6.444 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	1,069
`author_reputation`	186,516,695,188,555
`root_title`	"Breaking News: El Salvadors's BTC Bill passes by supermajority"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	104,223,255
`net_rshares`	23,378,757,419,953
`author_curate_reward`	""

properties (23)vote details (188)

voter	rshares	pct
tombstone	97,674,361,304	4.5%
kevinwong	1,388,412,789,414	25%
kosimoos	533,742,154	50%
ausbitbank	303,341,298,729	25%
krystle	40,196,374,378	20%
arcange	144,524,486,398	2%
sharker	7,084,374,360	9%
raphaelle	1,843,110,088	2%
kibela	2,370,400,058	9.9%
bidnat	663,758,036	3%
borran	333,288,738,956	34%
anech512	9,767,262,898	33%
mattclarke	210,480,066,814	15%
uwelang	3,060,072,826	0.35%
wakeupnd	99,451,139,168	50%
networkallstar	18,904,037,589	100%
r0nd0n	8,309,912,799	3.5%
dylanhobalart	227,018,148,532	100%
gamer00	325,679,222,152	42%
mangos	1,313,583,727,139	28%
felix.herrmann	27,817,889,481	25%
breezin	40,977,737,689	100%
walterjay	3,047,090,635	0.35%
taskmanager	127,881,052	8%
tarazkp	1,649,138,829,932	20%
ambyr00	9,334,938,741	6.3%
borislavzlatanov	53,073,355,087	100%
eirik	14,990,738,608	100%
louisthomas	176,281,982,373	100%
freebornsociety	2,111,811,319	10%
dickturpin	6,650,617,031	10%
fingersik	100,173,790,125	100%
gamersclassified	12,483,075,725	7.5%
mikepedro	1,832,712,864	25%
gohba.handcrafts	6,423,339,502	7%
urs	34,058,800,659	50%
amirl	421,660,426,025	100%
xels	644,383,600,918	100%
scooter77	10,993,901,119	25%
bearone	47,184,712,750	15%
maxer27	30,974,240,119	33%
teamaustralia	12,142,260,150	45%
centerlink	258,833,326,098	50%
papilloncharity	423,123,868,846	33%
geekgirl	1,612,959,270,347	100%
kaminchan	36,997,185,731	17%
shebe	842,418,202	6%
nathanmars	1,295,378,187,609	100%
sanjeevm	1,370,314,237,198	50%
vikisecrets	451,837,046,856	30%
helgapn	7,460,639,116	100%
geneeverett	431,843,409,341	100%
onethousandwords	859,431,347	25%
chrisdavidphoto	9,207,582,178	15%
mrsquiggle	48,633,122,597	33%
webcoop	3,500,021,973	25%
saltiberra	6,528,922,803	50%
nurhayati	1,145,907,887	25%
marcusantoniu26	546,982,110,792	100%
masterwu	1,669,094,132	15%
pataty69	45,745,703,345	100%
liverpool-fan	713,513,026	10%
lauch3d	4,414,979,751	100%
der-prophet	13,615,338,782	100%
thevillan	618,547,268	2.5%
lordnigel	557,449,453	27%
felipejoys	775,034,436	100%
cryptwo	5,821,679,131	45%
funtraveller	2,897,768,324	99%
jordan.white306	587,250,167	25%
tmholdings	3,457,604,155	8%
girolamomarotta	247,631,851	20%
bengy	1,043,562,123	1.5%
edicted	1,687,314,274,883	25%
bec-on-the-block	1,456,990,358	25%
warnas	38,708,621,476	10%
philnewton	1,339,958,969	18.75%
shmoogleosukami	104,328,917,426	50%
upfundme	558,267,325	6%
bozz	21,091,654,075	3%
tatylayla	1,284,867,026	100%
positiveninja	9,314,699,479	25%
evlachsblog	7,092,538,795	25%
vcclothing	36,917,586,344	40%
sapphic	5,473,734,181	25%
koenau	1,261,878,927	7.5%
bobaphet	2,994,781,029	10%
terrybogan	4,247,517,693	15%
mumma-monza	5,596,109,699	25%
cryptoslicex	702,848,989	25%
break-out-trader	83,961,028,005	100%
lifeofryan	4,378,505,392	25%
sbi3	56,886,360,610	2.06%
xiguang	10,127,438,401	100%
cryptoandcoffee	358,779,960,338	25%
niouton	5,756,100,458	20%
apshamilton	1,522,781,711,124	100%
gaottantacinque	275,427,055	100%
joaoprobst	1,348,897,459	100%
hamismsf	589,627,953,181	100%
deividluchi	1,240,757,203	25%
jk6276	36,032,906,583	15%
gasaeightyfive	359,553,868	100%
luppers	20,088,261,202	1.75%
munhenhos	9,962,715,269	100%
pboulet	745,290,230	0.7%
cribbio	513,877,977	100%
palasatenea	34,199,288,743	100%
xmauron3	60,009,102,991	100%
truthbot	107,267,368,820	100%
thrasher666	2,208,953,570	60%
brianoflondon	1,291,289,096,906	100%
steempope	440,429,700	70%
kristall97	192,618,495,091	50%
alphaccino.art	35,559,994,509	25%
jpbliberty	536,443,848,183	100%
steem-on-2020	17,741,756,006	29%
jacuzzi	1,211,386,001	1.75%
bolachasmonster	4,373,955,109	100%
crowdwitness	2,508,452,036	5%
rafaelmonteiro	869,505,746	100%
denizcakmak	971,538,966	100%
src3	8,948,774,241	12.5%
contrabourdon	4,328,902,946	1.75%
bigmoneyman	908,570,010	50%
iamangierose	530,608,702	50%
haxxdump	117,545,176	10%
iktisat	809,081,168	100%
travelwritemoney	2,060,101,570	20%
abh12345.leo	116,353,197	3.15%
leovoter	124,420,365	3.5%
onealfa.leo	1,269,094,004	3.5%
babytarazkp	4,361,304,524	50%
ozelot47	19,084,682,933	100%
ufm.pay	318,594,705	8%
maxuvd	30,893,568,239	8%
tonimontana.leo	683,848,339	26.3%
blocktvnews	619,946,523	50%
bella.bear	1,108,379,721	25%
empoderat.leo	0	3.5%
platino94	0	3.5%
fengchao	9,177,812,086	2%
laruche	30,938,653,715	0.7%
creators-voter	0	2.62%
combination	141,293,490,674	33.29%
hive-143869	1,159,217,748	0.7%
ninnu	98,624,194,133	21%
hive.curation	1,014,263,702,018	15%
kran1	1,360,438,860	100%
kran2	1,371,413,184	100%
kran3	1,360,415,061	100%
kran4	1,360,530,494	100%
kran5	1,361,774,574	100%
kran6	1,567,884,751	100%
kran7	1,361,043,074	100%
kran8	1,361,259,587	100%
kran9	1,361,393,483	100%
kran10	1,361,445,940	100%
jelly13	76,856,107,006	17%
plusvault	2,007,767,889	100%
kran11	1,359,125,813	100%
kran12	1,359,200,777	100%
kran13	1,358,337,405	100%
kran14	1,358,340,633	100%
kran15	1,359,126,504	100%
kran16	1,358,281,334	100%
kran17	1,359,452,691	100%
kran18	1,363,124,050	100%
kran19	1,364,470,685	100%
gohive	105,338,411,714	100%
kran21	1,356,159,207	100%
kran22	1,356,131,420	100%
kran23	1,356,164,412	100%
kran24	1,356,222,321	100%
kran25	1,356,198,133	100%
discohedge	4,439,064,894	8%
officialhisha	182,111,185	100%
dhedge-drips	7,114,358,191	8%
thedd	494,536,150	100%
archon-drips	5,819,609,783	8%
cbridges573	17,725,895,347	65%
brofi	301,776,275,226	8%
alokkumar121.leo	6,622,889,410	100%
onealfa.pob	0	0.75%
dividendencheck	2,435,674,610	100%
hivehydra	48,476,357,789	90%
podping	43,926,166,462	100%
amyli33	25,649,200	100%

@amirl · Jun 9 '21

This is huge. I don't know why people don't get it yet.

properties (22)

`author`	amirl
`permlink`	qug0d6
`category`	bitcoin
`json_metadata`	{"app":"hiveblog/0.1"}
`created`	2021-06-09 16:27:06
`last_update`	2021-06-09 16:27:06
`depth`	1
`children`	2
`last_payout`	2021-06-16 16:27:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	55
`author_reputation`	16,700,944,058,206
`root_title`	"Breaking News: El Salvadors's BTC Bill passes by supermajority"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	104,232,941
`net_rshares`	0

@apshamilton · Jun 9 '21

$0.15

I think many people thought it wouldn't happen, that the US would stop it somehow.
Now it has happened already, so quickly, the market is now starting to react.

But most people think "small, poor country, so what" and don't understand the massive tax, accounting and geopolitical implications. 

It also creates a concentrated geographic market of 6.5 million BTC users, which is a very attractive business opportunity for any crypto related business.

It will take some time for the full implications to filter through to the market.

👍 amirl

`author`	apshamilton
`permlink`	re-amirl-qug0oq
`category`	bitcoin
`json_metadata`	{"tags":["bitcoin"],"app":"peakd/2021.06.2"}
`created`	2021-06-09 16:34:03
`last_update`	2021-06-09 16:34:03
`depth`	2
`children`	1
`last_payout`	2021-06-16 16:34:03
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.075 HBD
`curator_payout_value`	0.075 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	536
`author_reputation`	186,516,695,188,555
`root_title`	"Breaking News: El Salvadors's BTC Bill passes by supermajority"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	104,233,062
`net_rshares`	418,577,254,617
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
amirl	0 B		418,577,254,617	100%

@amirl · Jun 9 '21

The value that will be saved is huge.
Small transactions can be enabled by platform like hive - fast and free. The btc will give confidence at the infrastructure level.

properties (22)

`author`	amirl
`permlink`	qug4d0
`category`	bitcoin
`json_metadata`	{"app":"hiveblog/0.1"}
`created`	2021-06-09 17:53:27
`last_update`	2021-06-09 17:53:27
`depth`	3
`children`	0
`last_payout`	2021-06-16 17:53:27
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	168
`author_reputation`	16,700,944,058,206
`root_title`	"Breaking News: El Salvadors's BTC Bill passes by supermajority"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	104,234,236
`net_rshares`	0

@burnoutawesome · Jun 9 '21

A major achievement for the cryptocurrency community!!

properties (22)

`author`	burnoutawesome
`permlink`	re-apshamilton-202169t531890z
`category`	bitcoin
`json_metadata`	{"tags":["bitcoin","leofinance","elsalvador","proofofbrain","legal"],"app":"ecency/3.0.18-mobile","format":"markdown+html"}
`created`	2021-06-09 09:31:12
`last_update`	2021-06-09 09:31:12
`depth`	1
`children`	0
`last_payout`	2021-06-16 09:31:12
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	54
`author_reputation`	36,922,224,920,046
`root_title`	"Breaking News: El Salvadors's BTC Bill passes by supermajority"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	104,226,836
`net_rshares`	0

@felix.herrmann · Jun 9 '21

$0.08

Very nice. But to be honest, BTC is NOT usuable as...

Very nice. But to be honest, BTC is NOT usuable as legal Tender anymore right from a technical standpoint.

Hopefully they expand it to cryptocurrencies with Median tx costs of below 0,01$.

 Posted using [Dapplr](https://app.dapplr.in/3H8cnNg61psrvmkN7)

👍 brianoflondon

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
brianoflondon	0 B		246,258,348,492	20%

@apshamilton · Jun 9 '21

$0.17

They are using Lightning, which makes BTC usable for small transactions. Its free and fast (but a pain technically).

👍 brianoflondon, geneeverett, felix.herrmann

`author`	apshamilton
`permlink`	re-felixherrmann-quf95i
`category`	bitcoin
`json_metadata`	{"tags":["bitcoin"],"app":"peakd/2021.05.5"}
`created`	2021-06-09 06:39:18
`last_update`	2021-06-09 06:39:18
`depth`	2
`children`	0
`last_payout`	2021-06-16 06:39:18
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.087 HBD
`curator_payout_value`	0.087 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	116
`author_reputation`	186,516,695,188,555
`root_title`	"Breaking News: El Salvadors's BTC Bill passes by supermajority"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	104,224,322
`net_rshares`	485,176,143,745
`author_curate_reward`	""

properties (23)vote details (3)

voter	rshares	pct
felix.herrmann	15,599,607,144	14%
geneeverett	224,299,748,320	53%
brianoflondon	245,276,788,281	20%

@jk6276 · Jun 9 '21

So cool to be listening in on Twitter as history is being made.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jk6276/re-apshamilton-2mxrpb)

properties (22)

`author`	jk6276
`permlink`	re-apshamilton-2mxrpb
`category`	bitcoin
`json_metadata`	{"app":"leofinance/0.2","format":"markdown","tags":["bitcoin","leofinance","hive-167922"],"canonical_url":"https://leofinance.io/@jk6276/re-apshamilton-2mxrpb"}
`created`	2021-06-09 06:14:24
`last_update`	2021-06-09 06:14:24
`depth`	1
`children`	1
`last_payout`	2021-06-16 06:14:24
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	159
`author_reputation`	186,343,216,411,417
`root_title`	"Breaking News: El Salvadors's BTC Bill passes by supermajority"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	104,223,728
`net_rshares`	0

@apshamilton · Jun 9 '21

Yes. The President spoke so amazingly about freedom and answered the people saying BTC is used by criminals so well.

properties (22)

`author`	apshamilton
`permlink`	re-jk6276-quf81r
`category`	bitcoin
`json_metadata`	{"tags":["bitcoin"],"app":"peakd/2021.05.5"}
`created`	2021-06-09 06:15:27
`last_update`	2021-06-09 06:15:27
`depth`	2
`children`	0
`last_payout`	2021-06-16 06:15:27
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	116
`author_reputation`	186,516,695,188,555
`root_title`	"Breaking News: El Salvadors's BTC Bill passes by supermajority"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	104,223,787
`net_rshares`	0

@lauch3d · Jun 9 '21

rehive.

Ecuador and Katar left the OPEC, especially Katar would be interesting since they want to go from Oil to Gas which offers stranded energy in form of methane flaring for bitcoin mining. But neither Katar nor [Ecuador](https://www.bce.fin.ec/index.php/boletines-de-prensa-archivo/item/1035-comunicado-oficial-sobre-el-uso-del-bitcoin) are regulatory open for Bitcoin. But laws can change I guess?

properties (22)

`author`	lauch3d
`permlink`	quftex
`category`	bitcoin
`json_metadata`	{"links":["https://www.bce.fin.ec/index.php/boletines-de-prensa-archivo/item/1035-comunicado-oficial-sobre-el-uso-del-bitcoin"],"app":"hiveblog/0.1"}
`created`	2021-06-09 13:57:00
`last_update`	2021-06-09 13:57:00
`depth`	1
`children`	0
`last_payout`	2021-06-16 13:57:00
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	403
`author_reputation`	35,293,764,570,552
`root_title`	"Breaking News: El Salvadors's BTC Bill passes by supermajority"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	104,230,467
`net_rshares`	0

@thedd · Jun 9 '21

okay, 194 more and we are done.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@thedd/re-apshamilton-3xrfj2)

properties (22)

`author`	thedd
`permlink`	re-apshamilton-3xrfj2
`category`	bitcoin
`json_metadata`	{"app":"leofinance/0.2","format":"markdown","tags":["bitcoin","leofinance","hive-167922"],"canonical_url":"https://leofinance.io/@thedd/re-apshamilton-3xrfj2"}
`created`	2021-06-09 07:42:24
`last_update`	2021-06-09 07:42:24
`depth`	1
`children`	2
`last_payout`	2021-06-16 07:42:24
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	126
`author_reputation`	596,756,226,973
`root_title`	"Breaking News: El Salvadors's BTC Bill passes by supermajority"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	104,225,321
`net_rshares`	0

@apshamilton · Jun 9 '21

You don't need all countries to do this.
In fact just one country making it legal tender means that BTC is a foreign currency in all other countries.

As more countries do this BTC will be a major international currency like USD or EUR.

👍 felix.herrmann

`author`	apshamilton
`permlink`	re-thedd-qufiw3
`category`	bitcoin
`json_metadata`	{"tags":["bitcoin"],"app":"peakd/2021.05.5"}
`created`	2021-06-09 10:09:39
`last_update`	2021-06-09 10:09:39
`depth`	2
`children`	1
`last_payout`	2021-06-16 10:09:39
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	237
`author_reputation`	186,516,695,188,555
`root_title`	"Breaking News: El Salvadors's BTC Bill passes by supermajority"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	104,227,230
`net_rshares`	20,201,590,318
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
felix.herrmann	0 B		20,201,590,318	18%

@thedd · Jun 9 '21

dont need, but wont hurt either. this is only the first step and i would like this to go through global adoption.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@thedd/re-apshamilton-66uwnh)

properties (22)