The post An Excerpt From Bitcoin Circular Economies: The Beginning appeared on BitcoinEthereumNews.com. When people picture a tropical beach with volcanic sands, warm waters and dreamy surfing waves, they are describing El Zonte, in El Salvador. It’s hard to think that this natural paradise was once the battleground of Latin America’s most savage and violent gangs for decades. According to a UNICEF report, the homicide rate in 2015 was 103 per 100,000 inhabitants. The result was thousands of children orphaned and vulnerable to be recruited by the drug cartels, where the only option for a better life seemed to be to migrate to the United States. Chimbera was born in the community of El Zonte, where opportunities were divided by a road which separated the beach from the mountains. “In the past if you were born on the beach, you were a fisherman, like my father and grandfather. If you were born in the mountains, you were a farmer; while women were mainly housewives. The only hope for a better future for young people was to emigrate to the United States or Canada. We learned with sadness that the opportunities were there, the land of freedom where dreams supposedly came true. Paradoxically, these words come from a smiling face. It is very easy to fall in love with Román Martínez’s smile; known as “Chimbera” to his closest friends and family. His contagious joy comes from someone who knows in depth the darkest sides a society can fall into. His smile tells a story of collective overcoming, where a group of people believed that a better future was possible and, without expectations but with tireless determination, transformed a fishing village in one of the poorest and most violent countries in the world into a hub of technological innovation and human development. Something unusual in modern history. Chimbera looks to the sky before continuing to… The post An Excerpt From Bitcoin Circular Economies: The Beginning appeared on BitcoinEthereumNews.com. When people picture a tropical beach with volcanic sands, warm waters and dreamy surfing waves, they are describing El Zonte, in El Salvador. It’s hard to think that this natural paradise was once the battleground of Latin America’s most savage and violent gangs for decades. According to a UNICEF report, the homicide rate in 2015 was 103 per 100,000 inhabitants. The result was thousands of children orphaned and vulnerable to be recruited by the drug cartels, where the only option for a better life seemed to be to migrate to the United States. Chimbera was born in the community of El Zonte, where opportunities were divided by a road which separated the beach from the mountains. “In the past if you were born on the beach, you were a fisherman, like my father and grandfather. If you were born in the mountains, you were a farmer; while women were mainly housewives. The only hope for a better future for young people was to emigrate to the United States or Canada. We learned with sadness that the opportunities were there, the land of freedom where dreams supposedly came true. Paradoxically, these words come from a smiling face. It is very easy to fall in love with Román Martínez’s smile; known as “Chimbera” to his closest friends and family. His contagious joy comes from someone who knows in depth the darkest sides a society can fall into. His smile tells a story of collective overcoming, where a group of people believed that a better future was possible and, without expectations but with tireless determination, transformed a fishing village in one of the poorest and most violent countries in the world into a hub of technological innovation and human development. Something unusual in modern history. Chimbera looks to the sky before continuing to…

An Excerpt From Bitcoin Circular Economies: The Beginning

When people picture a tropical beach with volcanic sands, warm waters and dreamy surfing waves, they are describing El Zonte, in El Salvador. It’s hard to think that this natural paradise was once the battleground of Latin America’s most savage and violent gangs for decades. According to a UNICEF report, the homicide rate in 2015 was 103 per 100,000 inhabitants. The result was thousands of children orphaned and vulnerable to be recruited by the drug cartels, where the only option for a better life seemed to be to migrate to the United States.

Chimbera was born in the community of El Zonte, where opportunities were divided by a road which separated the beach from the mountains. “In the past if you were born on the beach, you were a fisherman, like my father and grandfather. If you were born in the mountains, you were a farmer; while women were mainly housewives. The only hope for a better future for young people was to emigrate to the United States or Canada. We learned with sadness that the opportunities were there, the land of freedom where dreams supposedly came true. Paradoxically, these words come from a smiling face. It is very easy to fall in love with Román Martínez’s smile; known as “Chimbera” to his closest friends and family. His contagious joy comes from someone who knows in depth the darkest sides a society can fall into. His smile tells a story of collective overcoming, where a group of people believed that a better future was possible and, without expectations but with tireless determination, transformed a fishing village in one of the poorest and most violent countries in the world into a hub of technological innovation and human development. Something unusual in modern history.

Chimbera looks to the sky before continuing to reflect on dreams. “We believe in God and in the law of attraction of different things, but it is fundamental to believe in something that moves you to commit and work every day for that dream.  In the beginning, the dream was to help kids have more opportunities in the community, keep them out of delinquency and get them to start dreaming.” The problem, Román highlights, is that many times they tell you “fight for your dreams” but they don’t give you the tools or the knowledge to be able to achieve them. “That’s how our dream began: Jorge meeting with the children on the street, supporting them and inspiring them to dream of a better future.

It’s hard not to get emotional with Jorge Valenzuela as he tearfully explains why they decided to create Hope House. “We sought to give these children the opportunities that our friends didn’t have and the reason why many of them are no longer here with us.” Like most of the residents of El Zonte, he too has a story to tell. Some twenty years ago, Jorge made his living from farming. He had a heart for surfing and the waves, but the sad reality around him forced him to keep his feet on the ground. At that time, the job market only offered two options: to become a gang member or to be hired as private security on a property. The sad and violent reality of those years presented a dead end. “There was a lack of employment, educational and personal development opportunities in general. Faced with this, many sought to emigrate and look for them elsewhere,” Jorge explains clearly.

During those years, in the mornings, when the sun began to peek over the mountains, Jorge knew what he wanted to do. He would take his board and go down to the black sand beach. There, on his back, with his board stuck in the sand and his eyes on the horizon, Hirvin was waiting for him. Together they learned to read the sea, to feel the direction of the wind. They used to warn strangers about the treacherous currents that dragged the unsuspecting out to sea, and over time they began to pass on their knowledge of the sea and surfing to the youngest members of the community. Patience is the greatest virtue of surfers, for those who know how to wait are the ones who manage to ride the perfect wave. Both spent their afternoons sitting on their boards, looking for the best strategy to get ahead, to help their community. It was there, floating in the sea, where Hirvin and Jorge identified an area with enormous potential. “We took tourism as a main tool, as a window that would connect us with other countries, to whom we could show the beauty of our land and invite them to visit our community”. They were confident that they could generate new jobs in the town. “I was a surf instructor at the time and I felt that this sport would be fundamental for everything that happened later in El Zonte,” says Jorge.

No one could have imagined that on that beach, surrounded by humble houses and dirt roads, the world’s first Bitcoin circular economy would emerge. Soon, Jorge and Hirvin’s paths would cross with the person who would change their lives. “For some twist of fate, people like Mike, Melissa, Carlos and Alex decided to move to El Zonte and dedicate their time and effort to help our community,” recalls Jorge. The beach and surfing were their rallying point. “We were kids, I remember they started teaching us English, they put us in contact with the tourists that were arriving, and that cultural exchange was what began to change our minds. This allowed us to dream, something we were not used to in El Zonte. They showed us that, no matter the circumstances, if we have dreams and commit to them, things can change.” Jorge evokes the figure of Mike Peterson and, in a moment, he realizes that his life could have been very different if he had not met him.

With Mike’s incorporation into the project, they began to systematize the community work on the beach. The idea was simple: create opportunities and hope for young people. Empower them as leaders and give them the necessary tools so that they do not have to emigrate or get involved in gangs. Fill the “children’s love tank,” as Jorge defines it in his own words. “When we were little they taught us some words in English, they helped us to read and write better, but it was when my daughter, who is 17 today, was born that I understood that we had been children with an empty love tank.” A community where children grew up without parents or older siblings present to give them love, support and an example to follow. “We all have a tank, it can be empty or it can be filled with love and hope. That’s what the kids in our community needed.”

Mike wasn’t just a blue-eyed gringo who came to El Zonte and fell in love with its beaches and people. Peterson arrived as a surfer but soon became a dream maker.

Discover more in Bitcoin Circular Economies
This excerpt is just the beginning. Dive deeper into how Bitcoin is transforming communities worldwide in Bitcoin Circular Economies. The e-book is available now, and the paperback is open for pre-order for only $21 for a limited time.

👉 Order your copy here

Source: https://bitcoinmagazine.com/bitcoin-books/an-excerpt-from-bitcoin-circular-economies-the-beginning

Market Opportunity
Waves Logo
Waves Price(WAVES)
$0.6844
$0.6844$0.6844
-1.52%
USD
Waves (WAVES) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

TD Cowen cuts Strategy price target to $440, cites lower bitcoin yield outlook

TD Cowen cuts Strategy price target to $440, cites lower bitcoin yield outlook

Despite the target cut, TD Cowen said Strategy remains an attractive vehicle for investors seeking bitcoin exposure.
Share
Coinstats2026/01/15 07:29
How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings

How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings

The post How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings appeared on BitcoinEthereumNews.com. contributor Posted: September 17, 2025 As digital assets continue to reshape global finance, cloud mining has become one of the most effective ways for investors to generate stable passive income. Addressing the growing demand for simplicity, security, and profitability, IeByte has officially upgraded its fully automated cloud mining platform, empowering both beginners and experienced investors to earn Bitcoin, Dogecoin, and other mainstream cryptocurrencies without the need for hardware or technical expertise. Why cloud mining in 2025? Traditional crypto mining requires expensive hardware, high electricity costs, and constant maintenance. In 2025, with blockchain networks becoming more competitive, these barriers have grown even higher. Cloud mining solves this by allowing users to lease professional mining power remotely, eliminating the upfront costs and complexity. IeByte stands at the forefront of this transformation, offering investors a transparent and seamless path to daily earnings. IeByte’s upgraded auto-cloud mining platform With its latest upgrade, IeByte introduces: Full Automation: Mining contracts can be activated in just one click, with all processes handled by IeByte’s servers. Enhanced Security: Bank-grade encryption, cold wallets, and real-time monitoring protect every transaction. Scalable Options: From starter packages to high-level investment contracts, investors can choose the plan that matches their goals. Global Reach: Already trusted by users in over 100 countries. Mining contracts for 2025 IeByte offers a wide range of contracts tailored for every investor level. From entry-level plans with daily returns to premium high-yield packages, the platform ensures maximum accessibility. Contract Type Duration Price Daily Reward Total Earnings (Principal + Profit) Starter Contract 1 Day $200 $6 $200 + $6 + $10 bonus Bronze Basic Contract 2 Days $500 $13.5 $500 + $27 Bronze Basic Contract 3 Days $1,200 $36 $1,200 + $108 Silver Advanced Contract 1 Day $5,000 $175 $5,000 + $175 Silver Advanced Contract 2 Days $8,000 $320 $8,000 + $640 Silver…
Share
BitcoinEthereumNews2025/09/17 23:48
BlackRock boosts AI and US equity exposure in $185 billion models

BlackRock boosts AI and US equity exposure in $185 billion models

The post BlackRock boosts AI and US equity exposure in $185 billion models appeared on BitcoinEthereumNews.com. BlackRock is steering $185 billion worth of model portfolios deeper into US stocks and artificial intelligence. The decision came this week as the asset manager adjusted its entire model suite, increasing its equity allocation and dumping exposure to international developed markets. The firm now sits 2% overweight on stocks, after money moved between several of its biggest exchange-traded funds. This wasn’t a slow shuffle. Billions flowed across multiple ETFs on Tuesday as BlackRock executed the realignment. The iShares S&P 100 ETF (OEF) alone brought in $3.4 billion, the largest single-day haul in its history. The iShares Core S&P 500 ETF (IVV) collected $2.3 billion, while the iShares US Equity Factor Rotation Active ETF (DYNF) added nearly $2 billion. The rebalancing triggered swift inflows and outflows that realigned investor exposure on the back of performance data and macroeconomic outlooks. BlackRock raises equities on strong US earnings The model updates come as BlackRock backs the rally in American stocks, fueled by strong earnings and optimism around rate cuts. In an investment letter obtained by Bloomberg, the firm said US companies have delivered 11% earnings growth since the third quarter of 2024. Meanwhile, earnings across other developed markets barely touched 2%. That gap helped push the decision to drop international holdings in favor of American ones. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, said the US market is the only one showing consistency in sales growth, profit delivery, and revisions in analyst forecasts. “The US equity market continues to stand alone in terms of earnings delivery, sales growth and sustainable trends in analyst estimates and revisions,” Michael wrote. He added that non-US developed markets lagged far behind, especially when it came to sales. This week’s changes reflect that position. The move was made ahead of the Federal…
Share
BitcoinEthereumNews2025/09/18 01:44