Autonomía digital y tecnológica

Código e ideas para una internet distribuida

Linkoteca. Archivo de navegación

“It will have zero income tax forever, zero capital gains tax. Invest here and make all the money you want. We’re fine,” Bukele said.

This announcement closed “Bitcoin Week,” a large Bitcoin conference that drew hundreds of foreign investors. The tax-free, “techy,” and ecological Bitcoin City — the first of its kind — will be funded by Bitcoin bonds and powered by geothermal energy from a nearby volcano. Crypto mining, the process of creating new bitcoin through intensive cryptographic puzzles, is a notoriously energy-intensive process that has been criticized for increasing global emission rates in vulnerable areas.