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เข้าร่วมเมื่อ 25 พ.ค. 2023
What Happened to El Salvador’s $17BN Bitcoin City
**What Happened to El Salvador’s $17BN Bitcoin City**
El Salvador’s ambitious plan for a $17 billion Bitcoin City, spearheaded by President Nayib Bukele, captured global attention when it was announced in 2021. The city was intended to be a futuristic metropolis powered by geothermal energy from nearby volcanoes and financed entirely by Bitcoin bonds. Bukele’s vision aimed to transform El Salvador into a crypto hub, drawing investment and innovation while offering a tax haven for crypto enthusiasts.
However, as of 2024, the project has seen little progress. Plagued by the volatility of Bitcoin prices and skepticism from international financial institutions, the country’s Bitcoin experiment has faced numerous challenges. While the cryptocurrency experienced massive growth at times, it also crashed, significantly affecting the value of the Bitcoin bonds intended to fund the project. Furthermore, construction on the city has been slow, with little visible development beyond the initial concept.
Despite the setbacks, Bukele remains committed to his Bitcoin revolution, although critics argue that the project's delays and financial risks have raised concerns about its long-term viability. With the global cryptocurrency market still fluctuating and doubts growing about whether Bitcoin City will ever fully materialize, El Salvador’s bold experiment continues to hang in the balance.
#BitcoinCity #ElSalvador #NayibBukele #CryptoHub #BitcoinRevolution #GeothermalEnergy #Cryptocurrency #BitcoinBonds #FinancialRisk #VolcanicEnergy
El Salvador’s ambitious plan for a $17 billion Bitcoin City, spearheaded by President Nayib Bukele, captured global attention when it was announced in 2021. The city was intended to be a futuristic metropolis powered by geothermal energy from nearby volcanoes and financed entirely by Bitcoin bonds. Bukele’s vision aimed to transform El Salvador into a crypto hub, drawing investment and innovation while offering a tax haven for crypto enthusiasts.
However, as of 2024, the project has seen little progress. Plagued by the volatility of Bitcoin prices and skepticism from international financial institutions, the country’s Bitcoin experiment has faced numerous challenges. While the cryptocurrency experienced massive growth at times, it also crashed, significantly affecting the value of the Bitcoin bonds intended to fund the project. Furthermore, construction on the city has been slow, with little visible development beyond the initial concept.
Despite the setbacks, Bukele remains committed to his Bitcoin revolution, although critics argue that the project's delays and financial risks have raised concerns about its long-term viability. With the global cryptocurrency market still fluctuating and doubts growing about whether Bitcoin City will ever fully materialize, El Salvador’s bold experiment continues to hang in the balance.
#BitcoinCity #ElSalvador #NayibBukele #CryptoHub #BitcoinRevolution #GeothermalEnergy #Cryptocurrency #BitcoinBonds #FinancialRisk #VolcanicEnergy
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The Idea is ahead of its time.
word playyyy 🔥🔥🔥
That's easy. Billionaire's don't want to live in a cesspool like NYC..
nice to the point video. maby the background music is quit load. your story dont need that
Costs to build. The uncertainty of the downtown office CBD sub market post pandemic. Lots of land to sprawl out in most metros.
China will own the world. And they say I need to drive an EV to save the planet, what's the point
Only 144 million for the bridge insanly cheap
I hear that people complain because they cast shadows on Central Park and deny it of sunshine.
*57th St Manhattan is midtown. Business. Crosstown city buses. No opulence or luxury exists there, so please stop* 57th was the only place these builders could buy small restaurants or stores for the air rights so they could go super high, and for them to still make a profit. No person who knows NYC is looking to buy a luxury apt on 57th St! For that much money Central Park should be outside your door, not just a view. And these are the following three main Avenues, *not streets* 5th Ave • Central Park South • Central Park West Billionaire row is a joke. No one calls it that ever except on social media. Those buildings are going bankrupt and will eventually have to come down. NYC’s wealthy are about stealth wealth I guess they thought it was going to be bought by oligarchs, the Saudi rich • wealthy Chinese .. idk who they built these buildings were going to get 100 percent occupancy from The only super tall that was a *stellar success* and was sold out before it was finished: 220 Central Park South. Architect was Brooklyn born Robert A.M. Stern. The former dean of architecture from Yale His building is limestone, not flashy bronze glass or white cement cubes. It doesn’t stand out except for its height. And it’s across the street from Central Park. When you leave your building you don’t exit on 57th St, one of Manhattan’s main thoroughfares for traffic and buses: M57 or M31 NYC crosstown buses goes by there quite often! Stern designs a building the way the great pre war architects did (Emery Roth or Rosario Candela) large spacious rooms designed for a family to enjoy together. Not some donut shaped apt with a “grand salon” and a bunch of other rooms that make no sense. Hopefully in a decade they will be gone. *The view! The view of Central Park. Look it’s the park! Where else can you have such a view!* It gets dark at 4pm in NYC and I’m sorry but Central Park is not lit up. So your view will be darkness. Dumber builders there could never be
How does reflected sunlight become a "death-ray? How does a reflected light ray any more intense than a direct ray? I suggest that this concept is a perception managment action that is designed to provide clever and believable, diversionary cover for the influence of more insideous forces.
It doesn't just get reflected, it get's concentrated. I use the same principle for cooking, e.g. with a parabolic mirror.
@@SolarCookingGermany I appreciate that thought, but it is an old concept. The geometry of the building does not come close to being parabolic.
@@realityAXIS Parabolic mirror was just an example. But even if it's not parabolic, there is still a curvature that concentrates enough sunlight to reach boiling point.
Shit design shit people, mistakes are made
Hi @ArchiV1sion I was wondering if you have any plans to sell your channel. I like to buy it
is this ai generated video ? kindly share your processs of makimg this video
"Furthermore, the subjective nature of beauty has led to a lack of consensus on architectural standards. With no set rules, developers often prioritize originality, resulting in buildings that stand out but may disrupt the continuity of neighborhoods" AI - SHIT4CONTENT
Yes I Wants to See Skycrapers in All of This Planet Earth🥺
Hubris
This is just stupid.
What a waste. I live the idea. But what a waste of money when the world is literally going to shit.
I’m not surprised….I hope 1.5 km complete and use that for a lesson to learn ….3 important ingredients for human to survive 1. Oxygen 2. Water 3. Foods FYI….look at Singapore the tiny island with crowded population of 7 million people and Singapore can’t survive without the neighbors support foods water energy
im tired of 1% wasting money FIX THE PLANET GREEDYS
Crazy!
same >.<
Only 1.5k subscribers? With quality production like this I am highly surprised. Great content, wish the best of luck for you.
I saw the Same video and voice over in a youtube chanel called @beamazed
VERY PROGRESSIVE COUNTRIES LIKE FRANCE, UK AND GERMANY DO NOT EVEN HAVE SKYSCRAPERS.
Simple the faa placed a height limit of 2,000ft all over America, that and there’s a bunch of red tape.
Why are ther so many cookie cutter houses
I mean NYC is literally sinking under the weight of the buildings, so I don't think that they could go higher
One decent sized American city needs to just go full freedom and get rid of zoning and height requirements and air rights and let them build a full dystopian city of megastructures right out of bladerunner or dredd. The real reason we stopped building is because it got way more complicated and government intensive to build. It used to be as simple as buy the plot and build what you want.
Trust me sir you won’t like cities without zoning laws. I live in one and tall buildings just go out of nowhere. It’s so ugly to see the city with no dedicated zone for all skyscrapers.
Maybe in residential zone they should allow commercial buildings not taller than 8 storeys so suburbs don’t look isolated and people can just walk to buy something.
@@CommuterPOV trust me sir you have no idea what my preferences are and the fact you won’t name this supposedly terrible city you live in makes me doubt your claims validity. What you’ve described already exists in every American city to a slightly different standard.
@@CommuterPOVSo if you owned a piece of land, you would be fine with other people telling you what you can and can’t build because it could look “ugly”. If New York thought this way back in 1840, then there would be no skyscrapers there at all.
Any dreams in America are dead. Our nation and society is declining, morally and mentally. The left killed the American dream and now are out to kill the country, period.
America is building skyscrapers only to a certain height because of some historical tragedy that happened many years ago nothing can go taller than the one World Trade Centre please and heaven forbid if anything does
“Stopped” would be false
Big buildings are a dick measuring contest.
Dubai moment
New York is on a skyscraper building binge again…
What do you think the word 'indefensible' means? 😂😂😂😂😂
I thought i had heard it wrong, too 🥴
Modern architecture will never be meant for beauty or awe. The sad part is that we are not rebelling for our changes in our cities and towns. Modernism might have all the fuctionality but beautiful it will never.
This video is plagiarized. The Present Past made a video 4 months ago with the exact same title (only difference is that one ends with a question mark). Apart from making almost the same points as The Present Past, in a very similar order, starting at 0:37 you also use footage stolen from that video. The guy behind the computer is the guy who runs The Present Past. At 1:17 again use footage where the owner of that channel is in view, further proven the footage is stolen from him. Even many of the licensed clips he uses in that video are used here. The only thing this video does diffently than the one it stole from, is that this video does not explain why the drawing used at 0:23, 2:39 and 6:52 is wrong, and how the real towers, were often far shorter than depicted there. Anyone who sees this video, please watch the one made by The Present Past and dislike this video for being plagiarized content. At time of writing this video has been up for 2 days and nowhere does he even list that he used someone else's footage (Just in case he adds it to the description later to claim he credited anyone). Edit: I think that this guy typed "What happened to italy's skyscrapers?" into ChatGPT and then copied the answer as the description for this video, because the current description tries to explain why modern Italy does not have many skyscrapers, which has nothing to do with what is talked about in the video. After looking at a few more of his videos, I am fairly certain MOST of what is posted on this channel is a mix of AI scripts and plagiarism.
There's another video by a different creator that's almost identical
Mukesh Ambanis house left the chat
a topical vid on a tropical topic, just why do vid makers trash their content with sound effects at every vid splice?, like a kiddy cartoon .
Nice video
LOL what the heck are you talking about...maybe in the past..but NYC is just a shit show now.. You can't even compare to Dubai .. they have standards there
We dont built for international recognition.
Modern building these days are horrible to look at with no character. Take a look at centuries old buildings , they have artistic and character that is not just the function or the look but the sense of atmosphere which is completely lacking of today's ugly and not memorable buildings
lol who says dumbass come to Delhi
So this is what the Hollywood movies show there in the US.
first they need to build toilets
WTF IS A KILOMETER 🦅🦅🦅🇺🇸🇺🇸🇺🇸🇺🇸
Gotta thank the comments for saving my time. Skimmed through, and definitely seems like AI. Better to just go find another video on city design by a real person.
Não vejo a hora da Jeddah Tower ficar pronta
This feels painfully corporate and there definitely a agenda behind this, just more ai generated slop
Oh really Sherlock? Of course there is an agenda. Infrastructure = more efficient and profitable economy. And the transporte infrastructure they are buildkng around the world will be the base for their economy after One Belt One Road is finished. Also BRICS will be driven by this.
China nubs
Chaos Theory by BRICS in 20 years
China's global strategy? Simple. Just sit back and watch the US collapse itself with stupid leaders.