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Building on human ingenuity, Bitcoiners are repairing the fragmented world

Building on human ingenuity, Bitcoiners are repairing the fragmented world, Crypto Trading News

As global elites tout financial surveillance through CBDCs, bitcoiners demonstrate the human goodwill enabled by self-sovereignty.

This is an opinion editorial by Nozomi Hayase, Ph.D., who has a background in psychology and human development.

In mid-January, world leaders flocked in their private jets to a luxury ski resort in Davos, Switzerland, for the annual World Economic Forum (WEF) conference.

Under the theme “Cooperation in a Fragmented World”, 52 heads of state and many business leaders as well as celebrities and prominent social activists spoke about how we can manage the risks we will face in the next decade. Topics such as the cost of living and climate change, as well as the war in Ukraine, were high on the agenda.

US climate chief John Kerry praised his fellow campaigners, saying: “It’s quite extraordinary that we – a select group of people … can sit in a room and come together and actually talk about saving the planet.”

At the opening ceremony of the five-day planning meeting, Klaus Schwab, Executive Chairman of the WEF, remarked: “Through collective responsibility, innovation, human will and ingenuity, we have the ability to turn challenges into opportunities.”

This is what awaits you in this article

CBDCs and programmable money

One of the key WEF initiatives aims to strengthen global collaboration by creating a collaborative village on Metaverse with the help of Microsoft. By involving all social actors, a new digitized economy is to be created.

Central bank digital currencies (CBDCs) play a crucial role in their planned infrastructure. Supervised by a country’s central bank, these digital forms of fiat money give issuers complete control as they can monitor and restrict transactions. Combined with a worldwide adoption of digital IDs, CBDCs can be used to create a Chinese-style social credit scoring system.

Under the catchphrase “financial inclusion” the IMF now states pushes CBDCs as central infrastructure. This specialized financial agency of the United Nations aims to turn centralized digital currencies into tools for government and the private sector to implement targeted measures such as consumer vouchers and welfare programs.

Large technology companies and financial institutions are also getting involved. At the WEF Annual Meeting, Bank of America hailed CBDCs as the future of money. IBM has also accepted them. But as the handpicked global elites in Davos, with a message of climate emergency, now trying to bring the public into their universal digital payments network, we have an alternative.

Pleb-powered network

Bitcoin was created after the global financial crisis of 2008 and is the hardest form of money we have ever seen. By removing the need to trust a central authority, this breakthrough in computing enables censorship resistance.

Bitcoin’s innovative economic stimuli, which balance everyone’s self-interest, have organically begun to reshape the economy. We are now seeing this in the southern United States. Texas has recently become the bitcoin capital of the world. Abundant energy and low electricity rates (mostly from renewable sources) and friendly regulations make this state a global mining hub. This has helped accelerate energy innovation and create a skilled workforce.

By celebrating the birth of this freedom money, bitcoiners began to connect with each other. In the beautiful city of Austin empowered by Protocol, Orange natives have begun to actively work together to build a strong foundation for the economy.

PlebLab_ provides resources and support for new business development and hosts many local meetings and other events. Similar trends are taking place around the world.

El Salvador’s Economic Freedom

In El Salvador, even before Bitcoin was officially launched, ordinary people worked together to build on Bitcoin. In a small surf town of 3,000 people, Project Bitcoin Beach was launched with the support of a Bitcoin donation from an early adopter (who chose to remain anonymous) to create a resilient local economy.

These grassroots efforts in El Zonte inspired El Salvador to become the first nation to legalize Bitcoin as legal tender in September 2021. Nayib Bukele, the President of El Salvador, is now one of the most notable Bitcoiners. At 41, he understands the importance of this invention.

Adam Back, a cryptographer quoted in Satoshi Nakamoto’s Bitcoin white paper, accepted El Salvador’s launch of Bitcoin as a true “self-designed government orange pilling”.

Bukele, who has an approval rating of more than 80%, aims to create financial inclusion by expanding the freedom that Bitcoin enables and sees this as everyone’s birthright. With his policy of economic freedom, Bukele began to fight against the IMF’s financial dictatorship, thereby helping the country claim its independence and sovereignty.

El Salvador is already winning. It’s on the way to freedom. The President recently announced that the country made a full $800 million debt payment despite mainstream media saying it was going to default on its bitcoin investments.

The Bukele Effect

In the crisis of Western liberal democracy sparked by government corruption, the world now sees great leadership emerging from a tiny country in Central America with a population of about 6.5 million.

Volcano blonde fairy godmother and keeper of vision, Stacy Herbert, along with her partner Max Keizer, helped the world get the orange pill. As a new resident of El Salvador, she is now focused on supporting El Salvador’s Bitcoin adoption efforts.

In an interview on Bitfinex Talks, Herbert called Bukele the father of hyperbitcoinization and spoke about his statesmanship. She characterized him as the second layer over Bitcoin and explained how the President enacted legislation to protect the rights of his people.

Under the leadership of President Bukele, the rule of law was restored in El Salvador. The country with the highest murder rates in the world is now fast becoming a place everyone wants to be.

human good will

Economic freedom secured by Bitcoin and then promoted by Bukele has begun to enable widespread human goodwill. As the path to economic prosperity opened up, capital began to flow into this previously impoverished Central American nation. It now encourages innovation and entrepreneurship.

By using Bitcoin as a powerful philanthropic tool, businesses can lend a hand to charitable causes to provide services to those in need. Paxful, a leading global peer-to-peer platform, has established an education center in El Salvador that provides resources and equitable opportunities to create true financial inclusion.

Paulo ArdoninoChief Technology Officer at Bitfinex, a leading digital asset trading platform invested in local educational efforts in El Salvador. In addition to his advocacy for Bitcoin, he is now building technology that can secure the privacy and freedom of expression demanded by universal human rights.

Unlike the centralized Metaverse virtual space run by tech giants, Keet is a peer-to-peer chat app built without a central server and capable of integrating Bitcoin. This allows ordinary people around the world to set up their own collaborative village and take full control of their communications.

Orange Pill Party

El Salvador has now become a leading nation for hyperbitcoinization. The government set one up National Bitcoin Bureau (ONBTC). It recently passed a Digital Securities Act, which serves as landmark legislation providing a legal framework for all non-Bitcoin digital assets as well as those issued on Bitcoin.

The unrelenting optimism growing in this bitcoin land is now bringing people together from all over the world.

On January 30, 2023, Keizer and Herbet, the exuberant OG bitcoin couple, provided an event in El Zonte to celebrate El Salvador’s victory. Tickets were sold out, with over 100 people on a waiting list. Bitcoiners from dozens of countries flew in to join the orange party.

At the event was Mi Primer Bitcoin, a non-profit educational organization in El Salvador behaved 0.65 bitcoin by auctioning a bottle of whiskey. These funds will support the world’s first bitcoin diploma project.

This kind of communal cooperation brings joy and love to people. It inspires memes and the arts, enlivens culture and creates a new global civil society.

Bitcoin can fix our fragmented world. Aided by human creativity, it begins to transform an economy fueled by greed and selfish ambition into one that carries an altruistic impulse that promotes human well-being.

Now we, the Bitcoiners, the network of sovereign individuals, can show the rest of the world how we can collectively take responsibility. With innovation, goodwill and ingenuity, we can meet challenges to create life, liberty and the pursuit of happiness for all people.

This is a guest post by Nozomi Hayase. The opinions expressed are solely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Source: Crypto News Deutsch

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