While global elites promote financial surveillance through CBDCs, Bitcoin users are demonstrating the human goodwill that is made possible through 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 grouped in their private jets to a luxury ski resort in the Swiss city of Davos for the annual conference of the World Economic Forum (WEF).
Under the theme “Cooperation in a fragmented world”, 52 heads of state and many corporate CEOs, along with celebrities and prominent social activists, spoke about how to manage the risks we will face in the coming decade. Issues like the cost of living and climate change, along with the war in Ukraine, were placed at or near the top of the agenda.
US Climate Envoy John Kerry praised his fellow participants, saying, “It’s quite extraordinary that we, a select group of human beings… can sit in a room and come together and really talk about saving the planet.”
At the opening ceremony of the five-day planning meeting, Klaus Schwab, CEO of WEF, commented“Through collective responsibility, innovation, human goodwill, and ingenuity, we have the ability to turn challenges into opportunities.”
CBDC and programmable money
One of the key initiatives of the World Economic Forum aims to strengthen global cooperation through creating a collaborative village in the Metaverse, with the help of Microsoft. By involving all stakeholders in society, his plan is to create a new digitized economy.
Central Bank Digital Currencies (CBDCs) play a critical role in their projected infrastructure. Overseen by a country’s central bank, these digital forms of fiat money give issuers full 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 banner of “financial inclusion,” the IMF is now Push CBDCs as the centerpiece of the infrastructure. This specialized financial agency of the United Nations aims for centralized digital currencies to become instruments for the government and private sectors to implement specific policies, such as consumer coupons and welfare programs.
Major technology companies and financial institutions are also getting on board. At the WEF annual meeting, Bank of America praised CBDCs as the future of money. IBM embraced they too. but like him handpicked global elites in Davos, with a climate emergency message, now try to bring the public closer to your universal digital payment network, we have an alternative.
Mob-driven network
Created in the aftermath of the 2008 global financial crisis, bitcoin is the hardest form of money we’ve ever seen. By removing the need to trust a central authority, this advancement in computing makes it possible to resist censorship.
Bitcoin’s innovative economic incentives, which align everyone’s personal interests, have begun to organically reshape the economy. Now we’re seeing this play out in the southern United States. Texas has recently become the Bitcoin capital of the world. Abundant energy and low electricity rates (most from renewable sources), along with friendly regulations, are turning the state into a global mining hub. This has helped accelerate energy innovation and generate a skilled workforce.
Celebrating the birth of this freedom money, bitcoiners began to bond with each other. In the beautiful city of Austin, empowered by protocol, orange locals have begun to actively collaborate in creating a solid foundation for the economy.
PlebLab_ provides resources and support for new business development, as well as hosting many local meetings and other events. Similar trends are occurring around the world.
El Salvador’s Economic Liberty
In El Salvador, even before the country officially adopted Bitcoin, ordinary people have been working together to build on Bitcoin. In a small surf town with a population of 3,000, supported by a bitcoin donation from an early adopter (who wishes to remain anonymous), the project bitcoin beach was launched to create a resilient local economy.
Those 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, has now become one of the most notable Bitcoiners. . At 41, he understands the significance of this invention.
Adam Back, a cryptographer who was quoted in Satoshi Nakamoto’s Bitcoin white paper, admitted The adoption of Bitcoin in El Salvador as a genuine “self-conceived state orange pill”.
Bukele, who has a approval rating of over 80%, aims to create financial inclusion by expanding the freedom that Bitcoin allows, considering this as the birthright of each individual. With his policy of economic freedom, Bukele began to fight against the financial dictatorship of the IMF, thus helping the country to reclaim its independence and sovereignty.
El Salvador is already winning. You are on your way to freedom. The president recently Announced that the country made a total debt payment of $800 million despite mainstream media saying it would default due to its bitcoin investments.
The Bukele effect
In the crisis of Western liberal democracy caused by government corruption, the world is seeing great leadership emerge from a small Central American country, with a population of about 6.5 million.
Volcanic blonde, fairy godmother, and keeper of vision, Stacy Herbert, along with her partner Max Keizer, have been helping bring the orange pill into the world. As a new resident of El Salvador, she is now focused on helping El Salvador’s Bitcoin adoption efforts.
In an interview on “Bitfinex Talks”, Herbert described Bukele as the father of hyperbitcoinization and spoke about his statesmanship. Characterizing it as a second layer on top of Bitcoin, he explained how the president enacted laws to protect the rights of his people.
Under the leadership of President Bukele, the rule of law has been restored in El Salvador. the country that had the highest murder rates in the world now it is transforming rapidly become the place where everyone wants to be.
Good Human Will
The economic freedom secured by Bitcoin, later fostered by Bukele, has begun to allow for widespread human goodwill. As the path for economic prosperity has been opened, capital has begun to flow into this formerly impoverished Central American nation. Now it is driving innovation and entrepreneurship.
Using Bitcoin as a powerful philanthropic tool, businesses can engage in charitable assistance to provide services to those in need. Paxful, a leading global peer-to-peer platform, has created an educational hub in El Salvador that provides equal resources and opportunities to create real financial inclusion.
Paul ArdoinoCTO of Bitfinex, a leading digital asset trading platform, also invest in local educational efforts in El Salvador. In addition to his defense of Bitcoin, he is now building technology that can guarantee the privacy and freedom of expression required by universal human rights.
Unlike the centralized Metaverse virtual space run by tech giants, Keet is a peer-to-peer chat app that is built without any central server and can integrate Bitcoin. This allows ordinary people from all over the world to establish their own collaborative village and take full control of their communication.
orange pill party
El Salvador has now become a leading hyperbitcoinization nation. The government has established a National Bitcoin Office (ONBTC). He has happened recently digital securities law that serves as landmark legislation establishing a legal framework for all non-bitcoin digital assets, as well as those issued in Bitcoin.
The relentless optimism that is growing in this country of Bitcoin is now uniting people from all over the world.
On January 30, 2023, Keizer and Herbet, the exuberant OG Bitcoin couple, hosted an event in El Zonte to celebrate El Salvador’s victory. Tickets were sold out, with more than 100 people on the waiting list. Bitcoiners from dozens of countries flew in to join the orange party.
In the event, my first bitcoina non-profit educational organization in El Salvador increase 0.65 bitcoins auctioning off a bottle of whiskey. These funds will support the world’s first Bitcoin diploma project.
This type of community collaboration brings joy and love to people. Inspiring memes and the arts, it is animating culture, giving birth to a new global civil society.
Bitcoin can fix our fragmented world. Backed by human creativity, he begins to transform an economy driven by greed and selfish ambition into one driven by an altruistic drive that promotes human well-being.
Now we Bitcoiners, the network of sovereign individuals, can show the rest of the world how we can exercise shared responsibility. With innovation, goodwill, and ingenuity, we can meet the challenges of creating life, liberty, and the pursuit of happiness for all people.
This is a guest post by Nozomi Hayase. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
