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Bitesize Media
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🚀 Ushering in the Age of Understanding

Tropic Square Unveils TROPIC01: An Open-Source, Tamper-Proof RISC-V Secure Element for IoT and Microcontrollers

https://www.bitesizebitcoin.xyz/news/tropic-square-unveils-tropic01

Reality Check on El Salvador’s Economic Situation and IMF Loan

El Salvador has been at the center of global financial discussions, particularly regarding its relationship with Bitcoin and the International Monetary Fund (IMF). The recent $1.4 billion loan approval from the IMF comes with strict conditions, including further restrictions on Bitcoin-related economic activities. While many in the Bitcoin community have hailed El Salvador as a financial success story, a deeper analysis suggests otherwise.

Loans Would Have Happened Regardless – Development banks had already planned lending projects with El Salvador, meaning these loans were not contingent on an IMF program.

High and Unsustainable Budget Deficit – El Salvador’s finances are under severe strain, making further government-led Bitcoin investments impractical.

Bitcoin’s Economic Impact Has Been Minimal – Despite the media portrayal, Bitcoin has not significantly contributed to El Salvador’s economy.

Remittances Remain Traditional – Over 99% of remittances to El Salvador are non-Bitcoin, contradicting claims that Bitcoin has revolutionized cross-border payments.

Sluggish GDP Growth – El Salvador's economic growth has averaged 2.8% from 2019 to 2024, well below the 6% growth needed for substantial economic improvement.

https://www.bitesizebitcoin.xyz/news/reality-check-on-el-salvadors-economic-situation-and-imf-loan

At Bitesize Media, we are determined to Usher in the Age of Understanding. As part of this mission, we want to help grassroots initiatives get the coverage they deserve.

We understand most grassroots bitcoin businesses have:

😮‍💨1. Little to no budget.

😮‍💨2. Volunteering or working on the project part-time.

😮‍💨3. Have minimal resources to get their message heard.

😮‍💨4. Don't have the marketing experience to get their message heard.

So, for a small donation to our nostr:nprofile1qqstdhxam7rxw5586xjwscsdj24fqhp93kzsh7xvjg7nnhc7mlh9aeczqf2t4 of just 21,000 sats, we want to help you get the coverage you deserve.

In return, we will offer you:

💥1. A podcast interview. Edited for you to use on your platform. Including 5 - 9 shorts, transcripts, show notes, and keywords for SEO purposes.

💥2. We will write an article about your project for you to use on your platform. We will also share the article on our website and feature you in our weekly newsletter.

💥3. Promote you on our social media platforms and consult with you about a plan to get the best out of your social media.

geyser.fund/project/bitesi…

☣️Users’ personal data is toxic waste to us. ☣️

This is the way 👇👇👇

https://video.nostr.build/8f30a2f314dc66056cfe09ee36a98ae2bf81849cb31ea41fdc8c01ebc5b06120.mp4

🚨 31,000 NEW BITCOIN MINING JOBS IN THE U.S.?

Per year!!

WHAT??

That's what a recent article headline states, which is very misleading. Since most people won't read beyond the headline, though, here's some context from Bitvocation, where we have been analyzing Bitcoin job data for over a year now.

Let’s take a closer look.

⬇️ WHAT THE REPORT ACTUALLY SAYS

The referenced study doesn’t confirm that 31,000 people work in Bitcoin mining. Instead, it uses "economic multipliers"—counting indirect jobs like utility workers and local businesses, not just mining jobs.

Not just #Bitcoinerjobs.

So, while it's great that *general employment* is growing, hopeful Bitcoiners should take this number with a grain of salt.

⬇️ WHAT OUR DATA SHOWS

📊 At Bitvocation - Career Resources for Bitcoiners, we’ve been scraping Bitcoin job listings for over a year and tracking real #hiring numbers.

📊 Our analysis shows there are less than 80 Bitcoin mining firms in the U.S., employing roughly 9,000 staff.

📊 Across ALL Bitcoin companies worldwide, fewer than 2,000 new actual #Bitcoinjobs were created in 2024—not just in the U.S., and not just in mining.

📊 Even if Bitcoin mining indirectly influenced 31,000 jobs in the U.S., the reality of actual employment in Bitcoin looks very different.

⬇️ WHY THIS MATTERS FOR BITCOIN JOB SEEKERS

🔹 The Bitcoin job market IS growing, but numbers like these can be easily misunderstood.

🔹 We want #jobseekers to be hopeful and optimistic, but as #Bitcoiners, we also believe in verifying data and setting realistic expectations.

We track real Bitcoin job openings every day and post them in the BitvocationFeed on Telegram: 👉 https://lnkd.in/d_DAQdiH as well as here on #Nostr through our nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qqsqjmqta2kqfty89f5txggxhlkxyx8w8yuxl8n4pkh0h773rzfst2sm886ed .

View our Annual Bitcoin Job Market Report here: 👉 https://lnkd.in/eP8TcwHk