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Nicolas Burtey Profile
Nicolas Burtey

@nicolasburtey

12,003
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3,903
Following
443
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6,093
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CEO @GaloyMoney

Stuck in the Mempool
Joined January 2009
Don't wanna be here? Send us removal request.
@nicolasburtey
Nicolas Burtey
3 years
The country of El Salvador gets all the attention as being the first country to adopt #bitcoin , but it’s important to know that there is a small team, in a small village, that sparked all this. Those people don’t get the recognition they deserve. This thread brings more context.
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@nicolasburtey
Nicolas Burtey
3 years
First #bitcoin bond. Crazy when you think about it.
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@nicolasburtey
Nicolas Burtey
2 years
🤯 when you realized the president of the second country adopting #bitcoin has a PhD in mathematics. Here is his dissertation:
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@nicolasburtey
Nicolas Burtey
3 years
- South Africa - Vietnam - Cyprus - Cuba - Zimbabwe - Morocco - Philipines - Uk - Urugay - Mexico - Nigeria - Senegal - Ghana - Peru Individual from those countries reaching out to see how they can replicate the success of @Bitcoinbeach . Gradually, then suddenly.
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@nicolasburtey
Nicolas Burtey
2 years
44 central banks discovering ⁦ @Bitcoinbeach ⁩, and Lightning. Many eyes opening conversations on the potential of #bitcoin
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@nicolasburtey
Nicolas Burtey
2 years
Bitcoin is 1y old as legal tender is El Salvador 🎉 Adoption through @BTCBeachWallet is growing rapidly
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@nicolasburtey
Nicolas Burtey
2 years
In: 🇸🇻🇨🇫 To go: 🇦🇫🇦🇽🇦🇱🇩🇿🇦🇸🇦🇩🇦🇴🇦🇮🇦🇶🇦🇬🇦🇷🇦🇲🇦🇼🇦🇺🇦🇹🇦🇿🇧🇸🇧🇭🇧🇩🇧🇧🇧🇾🇧🇪🇧🇿🇧🇯🇧🇲🇧🇹🇧🇴🇧🇦🇧🇼🇧🇻🇧🇷🇮🇴🇧🇳🇧🇬🇧🇫🇧🇮🇰🇭🇨🇲🇨🇦🇨🇻🇧🇶🇰🇾🇹🇩🇨🇱🇨🇳🇨🇽🇨🇨🇨🇴🇰🇲🇨🇬🇨🇩🇨🇰🇨🇷🇨🇮🇭🇷🇨🇺🇨🇼🇨🇾🇨🇿🇩🇰🇩🇯🇩🇲🇩🇴🇪🇨🇪🇬🏴󠁧󠁢󠁥󠁮󠁧󠁿🇬🇶🇪🇷🇪🇪🇸🇿🇪🇹🇫🇰🇫🇴🇫🇯🇫🇮🇫🇷🇬🇫🇵🇫🇹🇫🇬🇦🇬🇲🇬🇪🇩🇪🇬🇭🇬🇮🇬🇷🇬🇱🇬🇩🇬🇵🇬🇺🇬🇹🇬🇬🇬🇳🇬🇼🇬🇾🇭🇹🇭🇲🇭🇳🇭🇰🇭🇺🇮🇸🇮🇳🇮🇩🇮🇷🇮🇶🇮🇪🇮🇲🇮🇱🇮🇹🇯🇲🇯🇵🇯🇪🇯🇴🇰🇿🇰🇪🇰🇮🇰🇵🇰🇷🇽🇰🇰🇼🇰🇬🇱🇦🇱🇻🇱🇧🇱🇸🇱🇷🇱🇾🇱🇮🇱🇹
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@nicolasburtey
Nicolas Burtey
2 years
Placing my bets: the next bitcoin bull cycle will start when the first volcano bonds is complete
@BitcoinMagazine
Bitcoin Magazine
2 years
BREAKING: 🇸🇻 El Salvador submits bill to enable launch of the #Bitcoin volcano bonds 🙌
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@nicolasburtey
Nicolas Burtey
3 years
It's probably a good time to share some insights about our community banking application, the @bitcoinbeach wallet. this is, to our knowledge, the first community bank build on @Bitcoin and @lightning . and this is no surprise that this is build in #ElSalvador @nayibbukele
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@nicolasburtey
Nicolas Burtey
2 years
After spend a day with those central bankers, I can say: still a lot of education to do. Vast majority have no idea of the potential of bitcoin. But with El Salvador adopting #bitcoin , they now have a reason to dive into it
@nayibbukele
Nayib Bukele
2 years
Planting seeds in 44 countries. 3 days to go… #Bitcoin is good for the world 🌍
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@nicolasburtey
Nicolas Burtey
3 years
Today I got charged $25 because I got lazy on my bank account and let it overdraft. ain't got much fiat around you know. This week, 20000 El Salvadorans have been using @Bitcoinbeach wallet and paid a total of 13879 sats, or $4.98 for using @lightning . This is why #bitcoin wins
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@nicolasburtey
Nicolas Burtey
3 years
I spent time in late 2020 in El Zonte, El Salvador. It’s a village of 3,000 people. I was so excited when I arrived that I was looking at the first tienda to buy something in @lightning . Bought some milk, eggs and vegetable for $4.
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@nicolasburtey
Nicolas Burtey
3 years
So please give them a big shoutout because they need it! For the journalists that are reaching out, I think this is a story that requires more attention. This experiment was key in @nayibbukele adopting the #bitcoin standard and not go for another useless CDBC.
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@nicolasburtey
Nicolas Burtey
3 years
Spending #bitcoin at the beach. 2949 sats
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@nicolasburtey
Nicolas Burtey
2 years
Bitcoin is too difficult to use, they say. @francispouliot_ at the local market
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@nicolasburtey
Nicolas Burtey
3 years
You like Volcanoes 🌋 and want to bring freedom to money? We have 2 open positions now, and more to follow. Join us as part of our founding team, and help us change the world for the better! The position is fully remote, so wherever you are, reach out.
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@nicolasburtey
Nicolas Burtey
2 years
“Oh you were in El Salvador? And working on bitcoin? I want to get there some day. So cool” Discussion with US border patrol. I bet this is the type of enthusiasm that shows how quickly the narrative is changing for El Salvador
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@nicolasburtey
Nicolas Burtey
3 years
Bitcoin and lightning were accepted in many places at this point in El Zonte at this point! My payment was instant, from the @Bitcoinbeach wallet to the @walletofsatoshi . This was magical. A time I’ll always remember. I was feeling the future of payment as it was happening.
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@nicolasburtey
Nicolas Burtey
2 years
Ready to orange pill Central Africa Republic
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@nicolasburtey
Nicolas Burtey
3 years
But this tienda didn’t accept bitcoin overnight. It really started with @jorgebitcoines . Before focusing on bitcoin adoption with @bitcoinbeach , Jorge was working in a restaurant, Olas Permanentes (the best in town if you ask me)!
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@nicolasburtey
Nicolas Burtey
2 years
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@nicolasburtey
Nicolas Burtey
3 years
prolly nothing 👀
@BitcoinMagazine
Bitcoin Magazine
3 years
NEW - CBS 60 Minutes will be making a feature on Bitcoin Beach and the adoption of #bitcoin in El Salvador 🙌
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@nicolasburtey
Nicolas Burtey
11 months
one thing is for sure. nation states are mining. but no one seems allowed to talk about it publicly - yet.
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@nicolasburtey
Nicolas Burtey
3 years
@romanchimbera gave me my first surfing lessons. Him and many others have been evangelist to bring adoption in this village. Salim has been doing support relentlessly day and night lately.
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@nicolasburtey
Nicolas Burtey
2 years
I just showed a lightning transaction of $0.21 from $CashApp, funded by an US bank, to @BTCBeachWallet , in El Salvador to a bank executive. He was blown away.
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@nicolasburtey
Nicolas Burtey
3 years
This is a tremendous amount of work! It's said that on average people need to have 7 touch points to start considering something. So it was an everyday job for 2 years. Yes this has been work in progress since 2019.
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@nicolasburtey
Nicolas Burtey
2 years
There is a member of the IMF in this #bitcoin conference in Central African Republic 😅 I want to say, this day will be in the books
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@nicolasburtey
Nicolas Burtey
3 years
The first shop/tienda to adopt bitcoin was Jorge's mother. She probably didn’t have much choice 😂. From then, the next step was to convince the ~50 commerces in town, 1-by-1, to accept bitcoin.
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@nicolasburtey
Nicolas Burtey
2 years
happy 5k Lightning!
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@nicolasburtey
Nicolas Burtey
3 years
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@nicolasburtey
Nicolas Burtey
3 years
we just reached 10k users, and yesterday we cleared more than 7k transactions, 99.8% cleared off chain.
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@nicolasburtey
Nicolas Burtey
1 year
I would like to report 2 typos: - Lightning should read more like 5 seconds, or even maybe 1 second. - Lightning deposit should be free, not $7.
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@binance
Binance
1 year
#Binance has completed the integration of Bitcoin ( #BTC ) on the Lightning Network and deposits and withdrawals are now open. More details here 👇
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@nicolasburtey
Nicolas Burtey
3 years
Education for #bitcoin has been top of mind for our @bitcoinbeach wallet in El Salvador. To such an extend that 1 tab in our mobile app is dedicated to education! A thread and call for help to make it better.
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@nicolasburtey
Nicolas Burtey
3 years
Bullish on the anon core devs who will be joining bitcoin core in 2022
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@nicolasburtey
Nicolas Burtey
3 years
3 days before you can buy a Tesla with #bitcoin Are you ready @elonmusk ? #LeyBitcoin
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@nicolasburtey
Nicolas Burtey
3 years
. @bitcoinbeach wallet on the home page of wall street journal
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@nicolasburtey
Nicolas Burtey
3 years
#bitcoin is hope. But there is tremendous pressure right now. Adopting a new currency has a lot of ups and down. They know better than anyone because they lived it already. They know that when some greedy folks will scam others, they'll get all the blame.
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@nicolasburtey
Nicolas Burtey
3 years
People are creatures of habit. Why should they change it? How do I know this bitcoin thing is not a scam? Private key?! Sat?!!? “I lost 20% yesterday. I knew it was a scam”. The list is long!
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@nicolasburtey
Nicolas Burtey
3 years
#Bitcoin gets all the blame for it, because it’s new, misunderstood and easy to attack. When was the last time the Fed got blamed after a bank heist for printing bills and facilitating transfer of value? 🤔
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@nicolasburtey
Nicolas Burtey
2 years
Largest hotel in Bangui now accepting #bitcoin and Lightning. Who’s coming next to Central Africa Republic? We need more bitcoiner here.
@SebGouspillou
Seb Gouspillou
2 years
L’excellent hôtel ***** Ledger de Bangui #RCA 🇨🇫accepte désormais (enfin!) #bitcoin . @jc_busnel autocolle l’histoire, séquence émotion!
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@nicolasburtey
Nicolas Burtey
11 months
Today we’re announcing a partnership with Distribuidora Morazán, supplier of 40,000 merchants in El Salvador. I believe this is one of the most significant development in the adoption of bitcoin in El Salvador this year. Let me explain.
@BWBJN1633
Blake
11 months
As a Canadian living in El Salvador this is extremely exciting. Great work @nicolasburtey @Nuraelb @blinkbtc Never a dull moment at @AdoptingBTC
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@nicolasburtey
Nicolas Burtey
2 years
The Starbucks I went today, in San Salvador, didn’t want to take my bitcoin anymore 😟 Starbucks-NGMI-mood
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@nicolasburtey
Nicolas Burtey
2 years
Feel like I’m alone thinking this is a bullish week for bitcoin
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@nicolasburtey
Nicolas Burtey
3 years
@milessuter spent a lot of time in El Zonte, he knows the challenge ahead. This is why he’s now focused on education. This is needed, and fast! If you can help, reach out to him.
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@nicolasburtey
Nicolas Burtey
3 years
And to make things more challenging, there are real scams. People get scammed for many reasons. Met a beautiful man online living abroad that suddenly needs some money because his sister has an emergency surgery? #bitcoin is more convenient? Things like that happen everyday.
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@nicolasburtey
Nicolas Burtey
2 years
🤯 Dr Yamb Ntimba: up to 85% of export (ie: gold) made by Central African Republic are been kept in the treasury of France You bet #bitcoin will be useful for this country
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@nicolasburtey
Nicolas Burtey
3 years
if you're wondering why the @mempool space is empty right now, maybe an answer is simply because lightning, a scalable solution built on top of lightning, works.
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@nicolasburtey
Nicolas Burtey
2 years
✅ Life goal achieved: Orange pilling the IMF
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@nicolasburtey
Nicolas Burtey
3 years
Witnessing a country being orange-pilled in real time is beautiful #Bitcoin
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@nicolasburtey
Nicolas Burtey
3 years
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@nicolasburtey
Nicolas Burtey
2 years
When you add your lightning address on #nostr
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@nicolasburtey
Nicolas Burtey
3 years
The elephant in the room for the Bitcoin Standard in El Salvador: - How to manage the USD part in a multi wallet environment. - Why $100 sent will likely not appear as $100 for the recipient. - Why it’s not such a big deal, how this will improve over time. a thread 🧵
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@nicolasburtey
Nicolas Burtey
3 years
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@nicolasburtey
Nicolas Burtey
7 months
For people wondering, yes, you can buy Starlink off the shelves here And of course pay in bitcoin Only in El Salvador …maybe time to reactivate this “buy with bitcoin” option @elonmusk 🙂
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@r0ckstardev
Uncle Rockstar Developer
7 months
With the support of @blinkbtc and @nicolasburtey , @BitcoinBerlinSV is now equipped with Starlink! @elonmusk , it would be incredible if every Bitcoin local community and gathering spot could have this.
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@nicolasburtey
Nicolas Burtey
3 years
The most frequent candidatures on the job offer we publish yesterday () come from devs working at central banks. You can't make this stuff up. #bitcoin Here is the last one:
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@nicolasburtey
Nicolas Burtey
3 years
You like Volcanoes 🌋 and want to bring freedom to money? We have 2 open positions now, and more to follow. Join us as part of our founding team, and help us change the world for the better! The position is fully remote, so wherever you are, reach out.
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@nicolasburtey
Nicolas Burtey
11 months
Met someone at @AdoptingBTC who has closed all his bank accounts He is paying 100% of his expense on bitcoin, including tax He told me he will never open a bank account ever again, like a psychopath
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@nicolasburtey
Nicolas Burtey
11 months
The person sitting next to me paid his cheviche $30: - $5 cheviche - $25 onchain fee The merchant had a chivo wallet that default to onchain and he didn’t pay attention that it was an onchain tx Time for lightning by default
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@nicolasburtey
Nicolas Burtey
1 year
if you think entrepreneurship is hard, try entrepreneurship with a focus on bitcoin if you think entrepreneurship on bitcoin is hard, try entrepreneurship on lightning with a focus on medium on exchange
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@nicolasburtey
Nicolas Burtey
2 years
@NuraElb ⁩ minting new bitcoiners in Central Africa Republic
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@nicolasburtey
Nicolas Burtey
3 years
today's the day. #Bitcoin goes from 0 to 1
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@nicolasburtey
Nicolas Burtey
6 months
Hearing more and more in bitcoin circles that monarchy is better than democracy. I’m not sure how I feel about that.
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@nicolasburtey
Nicolas Burtey
2 years
Laser eyes till $100k
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@nicolasburtey
Nicolas Burtey
7 months
We are so back
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@nicolasburtey
Nicolas Burtey
3 years
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@nicolasburtey
Nicolas Burtey
2 years
Costa Rica is getting orange pilled by the day with @BitcoinJungleCR
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@nicolasburtey
Nicolas Burtey
2 years
The #bitcoin drivers in El Salvador are awesome.
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@nicolasburtey
Nicolas Burtey
3 years
After a bogus article last week on #bitcoin transaction fees which completely omitted lightning 🤯, the new bogus article of the week, which fails to put in context why 70% of the population is unbanked in El Salvador.
@steve_hanke
Steve Hanke
3 years
If El Salvador’s #Bitcoin Law is implemented, it will be nearly impossible for El Salvadoran banks, businesses, and their customers to slip through the Financial Action Task Force’s regulatory web. Why? My latest @JohnsHopkins working paper answers that.
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@nicolasburtey
Nicolas Burtey
11 months
For everyone who has attended this third session of @AdoptingBTC , please join me to thanks @Nuraelb and @_pretyflaco for leading the on-the-ground organization I’m very grateful to have them part of my team 🙏
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@nicolasburtey
Nicolas Burtey
3 years
We were able to start this proof-of-concept-community-bank without asking permission to anyone. This is the power of bitcoin, and this is why bitcoin will succeed.
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@nicolasburtey
Nicolas Burtey
3 years
In El Salvador, #bitcoin is money for the poor. An universal right to get digital money. In the US, #bitcoin is an asset for the wealthy to hedge against inflation.
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@nicolasburtey
Nicolas Burtey
11 months
For all the lightning doomer: Bitcoin doesn’t end banks. It ends central banks. And lightning is a critical component to get banks to adopt bitcoin.
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@nicolasburtey
Nicolas Burtey
11 months
I was trying to pay for a coffee with bitcoin I got presented this form I paid in cash
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@nicolasburtey
Nicolas Burtey
4 months
Adopting Bitcoin San Salvador 2024 is going to be awesome.
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@nicolasburtey
Nicolas Burtey
4 years
Not only Square Inc have bought #bitcoin , but they outlay to every other company how to do it. white paper downloadable at congrats @milessuter !
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@nicolasburtey
Nicolas Burtey
2 years
I see a #nostr address, I follow. Like a psychopath.
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@nicolasburtey
Nicolas Burtey
2 years
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@nicolasburtey
Nicolas Burtey
2 years
If you're wondering why @BTCBeachWallet has been adding Zap this week, and we'll be rolling out more #nostr related features soon, here is the insights perfectly framed from @jack
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@nicolasburtey
Nicolas Burtey
2 years
I'm ready! 👀
@stacyherbert
Stacy Herbert 🇸🇻🚀
2 years
El Salvador has the very best working on Team Bitcoin Get ready 🇸🇻🚀
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@nicolasburtey
Nicolas Burtey
3 years
PeerSwap. A method for doing onchain swap with your peers. This condo improve dramatically liquidity on the lightning network @Blockstream @AdoptingBTC #adopt21 by @wtogami
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@nicolasburtey
Nicolas Burtey
3 years
what's better? this community banking app is fully open source: . what this means is anybody, anywhere around the world can have their own community banking app.
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@nicolasburtey
Nicolas Burtey
1 year
BoltCard is a layer 4 bitcoin payment protocol Layer 1: onchain, slow-ish extremely secure payment Layer 2: lightning, instant push payments Layer 3: lnurl, instant pull payments Layer 4: AES, more secure pull payments Each layer build on top of each other - You need onchain
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@nicolasburtey
Nicolas Burtey
1 year
Some uncomfortable truth. Lightning payments failure rate reached, in our system, an all time high in May.
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@nicolasburtey
Nicolas Burtey
3 years
@Excesscapacity we want to replicate this in 180 countries. DMs me if there a place you'd like to see this happen :)
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@nicolasburtey
Nicolas Burtey
3 years
@SpecterWallet is being used as a coordinator tool for the multi sig cold storage, this also show the power of software composability unique to open source software.
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@nicolasburtey
Nicolas Burtey
2 years
👀 Soon ™
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@nicolasburtey
Nicolas Burtey
1 year
👀
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@nicolasburtey
Nicolas Burtey
2 years
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@nicolasburtey
Nicolas Burtey
10 months
If your wallet doesn't look like this, are you really helping bitcoin adoption?
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@nicolasburtey
Nicolas Burtey
1 year
so ~36 hours before we get another country to adopt bitcoin?
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@nicolasburtey
Nicolas Burtey
2 years
It feels the number of business which accept bitcoin has slowly increase in the last 6 months in El Salvador. Some of my observations over the last week 🧵
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@nicolasburtey
Nicolas Burtey
3 years
number 2 👀 El Salvadorians like the bitcoin beach wallet
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@nicolasburtey
Nicolas Burtey
6 months
Dear Neal, Over the past 30 days, I have bought with bitcoin: - a starlink router - my cellphone bill - grass fed meat - cappuccinos at Starbucks - groceries at Walmart - pupusas (a Salvadorian “sandwich”) - hotel bills - surf board With love, A bitcoin bro ❤️
@DylanLeClair_
Dylan LeClair 🟠
6 months
♾️/21M #Bitcoin
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@nicolasburtey
Nicolas Burtey
1 year
I can confirm that no bank in El Salvador has allowed @blinkbtc to open a bank account to serve its users. It's one of the reason we have developed stablesats.
@btcexplorers
Bitcoin Explorers
1 year
Saifedean Ammous has just become economic advisor of #ElSalvador ! 🇸🇻 Here’s a little chat about the country, the @chivowallet censorship and central banking. Congratulation @saifedean & good luck!
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@nicolasburtey
Nicolas Burtey
1 year
I wish this was not a meme anymore
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@nicolasburtey
Nicolas Burtey
2 years
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@nicolasburtey
Nicolas Burtey
3 years
if you're a developper in the space and looking to give us a hands. we need you! please reach out.
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@nicolasburtey
Nicolas Burtey
3 years
Remember 2y ago when oil price was below zero?
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