EL SALVADOR TO DISCLOSE ALL BITCOIN ADDRESSES AND OTHER OWNERSHIP DATA TO THE IMF.
Discussion
I wonder if the jig is up.
Wow.
Woahhh
I mean we knew once institutions, bankers, and nation states got involved itāll come to this.
Centralization by any means possible.
i yearn for the day when the imf is gone
That's just for government owned bitcoin.
REKT
Bukele, blink twice if the IMF is holding your family hostage.
These politicians just keep giving.
Insipid Muther Fuckers
Isnāt State owned Bitcoin already public?
to be fair, a creditor should confirm assets so this doesnt seem like a surprise to me when getting a loan. surprised they didnt ask for a multisig key share.
Donāt like what Iāve been seeing from Bukele recently.
Any special findings
i assume most will continue to shrug this off saying they just taking fiat debt from imf to keep stacking.
Seems more like a check chain being put on the dog
Not if the dog outlives the owner
So, the IMF is in favor of proof of reserves.. š¤
El Salvador becomes the first nation state to submit KYC information to the IMF.
When the dollar collapses El Salvador wonāt owe the defunct IMF anything. ššæāāļø
hmmmmmmmm
Fuckin WHY. BUKELE YOU JELLO SPINED FUCK
itās afraid
i love it ... the IMF is gonna get served a hot cup of "FTW" from El Salvador.
Tick Tock, Next Block... The proof is on the chain.
They can't deny, what's plain to find, El Salvador found the way.
SATs to Coins, from debts to mines; it's the IMF that should be scared.
'Cause we all know, what El Salvador knows...
The revolution is hashing our way.
Dude you don't tell thieves what you have first
not the least but surprised..
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With the help of AI
1. Bitcoin Address Disclosure (Public Sector Only)
ā¢ The government must submit a signed statement to the IMF identifying all hot and cold wallet public addresses controlled by the public sector.
ā¢ This includes wallets owned by government entities and state-controlled legal persons.
ā¢ The requirement does not apply to private individuals or businesses.
2. Chivo Wallet and Public Participation
ā¢ The government must stop using public funds for Chivo (the state-backed Bitcoin wallet) and end public participation in it by July 2025.
ā¢ The Bitcoin trust fund (Fidebitcoin) must be liquidated.
ā¢ Financial statements of Chivo must be audited by an independent expert with crypto experience.
3. Government-Owned Bitcoin and Transparency
ā¢ A framework must be put in place to manage Bitcoin and other crypto assets held by the government.
ā¢ This includes defining investment guidelines, risk minimization policies, and governance structures.
Does This Mean Bitcoin Addresses Will Be Doxxed?
For public sector wallets, yesāthe government must disclose them to the IMF. However, private citizensā wallets are not included in this requirement. This move is framed as a way to improve transparency and reduce financial risks.
Good or Bad for Bitcoiners?
ā¢ Bad for those who wanted full government adoption since it reduces the stateās direct involvement with Bitcoin.
ā¢ Good for transparency because it forces accountability on public Bitcoin funds.
ā¢ Neutral for private users as their personal Bitcoin holdings remain unaffected by these rules.
Am I the only person that sees this as the IMF investing in bitcoin. If it goes to zero they donāt get paid back.
#BitcoinAutism
š¤ generally speaking I donāt think risk is related to transparency in a business context. Systematic risk canāt be eliminated, only unsystematic risk can be and that is through diversification. The market risk premium is a reward for taking on the risk and this is the formula that most businesses use which is
capm = expected return on stock i = risk free rate(so like a long-term 10 year government bond average or something) + š½i ā (expected return on the market portfolioā š isk free rate]. Though I donāt know if this relevant to this particular situation. Could be though.
Bro I love you I really do I love your content donāt take this the wrong way but cmon lol
You people buy corn on KYC exchanges support and invest in KYC exchanges then want to be alarmed by the IMF knowing bitcoin wallets like the us govt doesnāt have the info on its citizens via KYC exchanges your company invests in lol come on good brother
Not a great look
Oof.
Why? š¤
Compliance Is DefianceĀ®
El Salvadorās plan is the fastest way to get out from IMF debt slavery. Other countries should be following their lead to get out from the yoke of the IMF and on to self sovereignty. Saludos a nostr:npub18shlmflq78l8hp5rmqpz5r8kczpy522vlxjx6mlttlg4sn2dut0s7y80vy !!
Actually there is a better way. Instead of collecting in a wallet, they could be focused on hash and building the mining industry so they can supplement and then replace taxes as the source for government revenue. then pay off the IMF debt entirely with sufficient revenue to never be subject to the IMF slavery again.
Meanwhile all the Monero users are probably laughing their pants off.
Why do they need an IMF loan? They could just do the MicroStrategy play.
They could just crowd-fund.
You can look but you canāt touch š®āšØ
W(hy)TF
Makes sense, El Salvador isnāt going to stop. IMF wants to know where the loan is. š¤·š½
Big nothing burger here. Their utxo is already public
https://mempool.space/address/32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo
right? what's new?
Feel for the Americans that moved there on the vision they were sold only to get rugpulled. Especially those that paid 1 or more BTC for their citizenship or whatever they were offering several years back.
This is the normal behavior of a bank lending money.
But Bukele should also provide the citizens of ES with the same information to ensure transparency.
Phukkem. Give them a copy of the entire blockchain so they can see everyone's addresses.
MADE US FEEL DIRTY TO VISIT THE IMF WEBSITE
ENJOY THE NOISE
IMF wants to know a which BTC addresses their loan is sitting šš¤·āāļø.
IMFā¦itās time to be transparent by yourself motherfuckers!
Motherfuckers arent so stupid and use a public, transparent ledger :)
*BTC OWNED BY THE STATE
Not of citizens. Or did I miss anything?
Not happy for this outcome. Since Bitcoiners got embraced by TradFi they let down their guards. No more adversarial thinking.
Huge self-own that will likely take down some Bitcoiners.
You ridicule Monero all the way until you face the consequences of your ignorance.
#IMFgate
IMF can fuck off
fucking disgusting. not shitcoin strategic reserve disgusting, but still disgusting.
%20-%20Profi.png/:/cr=t:7.63%25,l:7.63%25,w:84.75%25,h:84.75%25/rs=w:1536,cg:true,m)
Don't they stack with Coinbase or some other nonsense like that? I was under the impression they didn't hold their own keys.
All governments are bad. ALL.
There has been not an exception EVER. And there will never be.
# š§š·
Nation state bull run canceled.
this is truly insane, barking orders to a sovereign country... I hope Bukele doesn't comply.
Knee status: bent.
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This is why projecting that a bitcoin standard and a dollar standard most coexist.
One's literally a freaking parasite
Sooner or later, most bitcoin users will have to fill the same shit for their countries authorities too. Thats the magic of saving your wealth on a public, transparent ledger.
Not sure.
It is not up to money to fix governments?
Even if you would have perfect private money what use would it be if you where left rotting in a isolation cell ?
Starve the beast.
How do you starve a beast with the monopoly on violence with a public, transparent ledger?
What does a non-transparent ledger solve with regards to a monopoly on violence ?
If you do not know who has how much and who transacts with whom - where do you apply the violence?
So show me my #Bitcoin transactions or holdings ?
I do not have a monopoly on violence. But the state has.
And the state also knows your addresses if you ever interacted with a KYC exchange. Got it?
You are mixing up so many convictions without having them thought out yourself.
Yes Monero provides more privacy, in fact too much.
And still that won't protect anyone from the government violence monopoly.
You can do some thinking for yourself or just stick with Monero if you are content.
No problem.
"You are mixing up so many convictions without having them thought out yourself." - tell me which? I did not even mention monero.
Usually people with your arguments cone up with Monero.
Next it is the only alt coin worth discussing because it think it is not an outright scam, but most seduced by it don't understand the properties they have so high valued.
So it is worth to try e plain.
Unfortunately there is a very active and toxic Monero fans base that makes discussing it impossible.
That should trigger most.
Feels like the opposition has landed a few body blows these last 6 weeks.
š
Whoa
This is very problematicā¦ I wonder why they are going along with it. Sounds like control issue similar to the reason we ended up with the fed reserve..
Exactly Fren and it's scary and truly sad
Should we wait and see if they actually comply?
They agreed already?
Of all the things the IMF forces, this one seems like an actually good idea? If youāre a creditor you should probably check that the credited has the assets they claim to.
Let's hope he's playing 4D chess here.
But most likely yet another latin american cuck bending to the IMF
and so, it begins ...
Not good for the people at all
not so much kill your heroes, more like be killed by your hero.
Latin America politics 101
For anyone that needed this news explained.
Grok told me this:
Max Keiser couldnāt loan them the money?
š²
This is deeply concerning bc Trump is likely to do the following:
āTheir real interest lies in replacing the dollar with a digital currency that they can control and linking our rights and freedom to it through mass digital surveillance.ā
This is called compliance.