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The Download: How AI capitalizes on catastrophe, and the Bitcoin cities of Central America

Crypto millionaires are pouring money into Central America to build their own cities El Salvador’s Conchagua Volcano, home to a lush ecotourism retreat amid its sun-dappled forest, is set to host a glittering new Bitcoin City, the country’s president announced in November 2021. A vast construction project to remodel virgin forest into a vibrant metropolis could soon be underway. While some politicians and residents believe in crypto’s potential to jump-start the economy, others see history repeating itself. As El Salvador’s experiment takes shape in the form of Bitcoin City, a similar development is already underway in Honduras—but backlash from locals […]