The Legendary TV Show “60 Minutes” Turns Its Eye To El Salvador’s Bitcoin Beach | Bitcoinist.com
It doesn’t get a lot of standard than CBS’s “60 Minutes.” The amazing newsmagazine appeared in 1968 and has been pushing ahead from that point onward. Furthermore, presently, they’re discussing El Zonte AKA Bitcoin Beach, where everything began. However, how could it begin? Despite the fact that Bitcoinist has composed extensively about the subject, we gained a couple of things from the “60 Minutes” report named “Bitcoin Beach: How a town in El Salvador became a testing ground for bitcoin.”
The writer in control was Sharyn Alfonsi. Despite the fact that she introduced the subject in a deferential way, she didn’t know anything about bitcoin and it showed. Individuals she talked with did, however, so the piece works analytically talking. In any case, Alfonsi’s honor shinned on all through the whole report. Does this sound deigning to you?
“So we thought it was time to try and get our heads around the complicated world of crypto-currencies, specifically the largest one, bitcoin. To do that, we went to one of the simplest places in the world, a remote town known as “Bitcoin Beach.”
And what might be said about when a traveler says the town may be the following Singapore, and she says “Singapore? It’s hard to imagine. The only traffic jams in El Zonte are caused by loose livestock”? Was that important? Regardless, Alfonsi tracked down the genuine heroes of the story and put them on “60 Minutes.” For that, we say thanks to her.
Who Did “60 Minutes” Talk To And What Did They Say?
From author and gift beneficiary Mike Peterson to the incredible Mama Rosa, the proprietor of the main business that acknowledged bitcoin nearby and the mother of Jorge Valenzuela. He and Roman Martinez were additionally consulted. They had been accomplishing humanitarian effort for quite a long time, and, when Peterson got the baffling BTC gift the triplet began the “Bitcoin Beach Initiative” and ultimately changed El Salvador for eternity.
The “60 Minutes” report didn’t get that piece of the story right, yet all the same that is okay. Bitcoinist is here to help. About the still-mysterious bitcoin whale’s gift, Peterson says:
“The stipulation was you can’t just convert it into dollars because they believe the actual usage of bitcoin would be what would benefit the people. And so for me, it was, like, wow, this is somebody that wants to actually see a circular economy generated using bitcoin and they’re willing to actually put the funds behind it.”
Then, Sharyn Alfonsi shows a few organizations that don’t acknowledge bitcoin, requests that Peterson characterize bitcoin and looks perplexed by the response, and raises instability. ‘Yes, there’s ups and down volatilities en route, however over the drawn out point of view, it’s going up in esteem against the dollar,’ Peterson answers. Alfonsi addresses with the best inquiry, “You’re not doubling down on this because you personally can get rich?”
“I will benefit if the price of bitcoin goes up, but I can’t impact that. I can’t influence that. That’s not the driving reason behind this. The reason is we want to see El Zonte transformed.”
BTC cost diagram for 04/12/2022 on Bitfinex | Source: BTC/USD on TradingView.com
Jack Mallers And Ismael Galdamez EnterThe Picture
The “60 Minutes” piece doesn’t do the best of occupations portraying how Strike was crucial for this entire story. Fortunately, Bitcoinist is here to help. In the report that concerns us today, Mallers depicts how President Bukele’s sibling reached him and requested that he come to the capital and meet with them.
“It was scary. It was really scary. I thought there were likely two outcomes – is that they were not happy with me interfering with the financial system in El Salvador or they were tremendously happy and bought into the vision that this was representative of a better world for not only El Salvador but the planet.”
To give a contrast, the “60 Minutes” piece interviews market analyst Luis Membreño. He’s a Bukele pundit, and Alfonsi appears to be strangely energetic about his side of the story. “The problem is that there’s going to be a day in which people will find out that the government is indebted, that they will increase taxes to everybody and that the party is over,” Membreño predicts.
Little does he has at least some idea that bitcoin is the hardest resource on the planet and El Salvador’s ploy will presumably pay off huge time.
To complete the image, Sharyn Alfonsi brings 19-year-old Ismael Galdamez. The young person saw an open door in the way that dealers in the space drove for quite a long time to purchase ice. Utilizing bitcoin, he purchased a major cooler and began giving ice not too far off in Bitcoin Beach. The “60 Minutes” report closes with, “Ismael is planning to move his parents and siblings into this new house in El Zonte later this month. He plans to pay the mortgage in bitcoin.”
What a delightful story.
Included Image: Sharyn Alfonsi from “60 Minutes,” screen capture from the video | Charts by TradingView
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