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Showing posts from 2022

A second chance for Detroit: the urban renaissance of the "Motor City" in ten spots

The urban image of Detroit since the end of the 20th century had become the archetypal example of decadence and abandonment: Ruined buildings, vacant lots, and uninhabited streets recreated a dystopian panorama that some defined as the great failure of capitalism and the "Dream American". Detroit at sunset. Photo:  Nic Redhead Such a statement was not - to some extent - an exaggeration. From the 1950s (population peak) to 2010, Detroit had lost more than one million inhabitants in its urban area, as the product of the closure of the automobile industries. It generated empty districts and a serious problem of insecurity and violence that turned the Motor City into one of the most dangerous urban areas in the United States and the world . In 2013, Detroit seemed to hit rock bottom, becoming the first major U.S. city to declare bankruptcy and with a future that did not look promising. However, despite its severe economic crisis and with the effects of the Pandemic still present

Bitcoin City, the "crypto-oriented" urban dream of El Salvador

With an area of 21,041 km2 in area and around 6.5 million inhabitants, El Salvador is one of the smallest and least populated countries in Latin America. However, over the past few months, this Central American nation has made headlines in the world press due to its decision to implement Bitcoin as legal tender in the country. This venture, promoted by President Nayib Bukele, was followed by a bolder proposal that goes beyond the strictly financial sphere. On 20 November 2021, in a massive event, the Salvadoran president announced the creation of "Bitcoin City", a new urban development planned from scratch and whose economy will be mainly oriented towards cryptocurrency mining and financial services. Bitcoin Beach in El Salvador. Source Bitcoin City will be located at the foot of the Conchagua volcano, 180 km from the capital San Salvador. This location is not fortuitous, as it is planned to take advantage of the geothermal energy produced by the volcano, which will cover the