New White House Economic Report of the President states: “crypto assets do not offer any fundamental value, nor do they act as an effective alternative to fiat money"
4 billion people living under authoritarian regimes disagree
1.2 billion people living under double or triple inflation disagree
200 million people in Africa forced to use the CFA frank disagree
#Bitcoin offers hope
WH report: https://www.whitehouse.gov/wp-content/uploads/2023/03/ERP-2023.pdf
Let's go Brandon
On a serious note this is mind boggling and is clearly just denialism from a crumbling system
Which 4 billion ppl are you talking about?
According to HRF’s regime analysis, 95 countries in the world are non-democratic. In other words, 54% of the world’s population — 4,203,724,799 people — are living under some form of authoritarian regime. HRF classifies every country in the world
https://hrf.org/authoritarianism-rising-on-international-day-of-democracy/
How many of them are actually using crypto though? I think it’s very likely to be less than 1%.
Highest use is among the countries that need it more
https://www.statista.com/chart/18345/crypto-currency-adoption/
I don’t trust these figures. Nearly half of Nigerias population lives in extreme poverty.
I was just on a panel with a lady from Nigeria, they have a very bad situation rn due to the Naira, so adoption is out of necessity
those do seem really strange.
Nigeria has a population of about 230 million, and there were only 1000-4000 respondents for each country on that survey.
I think it’s very likely most of those were Nigerian princes.
According to bitcoin.com 👀
You do realise that the HRF designates your precious El Salvador as a "Competitive Authoritarian Regime" a nebulous term that can best be defined as "democratic but not libcuck" so the US doesn't like them.
https://hrf.org/wp-content/uploads/2023/01/2022-HRF-Annual-Report.pdf
I'm aware. But I went there and verified. I talked to every person I met in El Salvador about the gangs and if they support the president & they do. Their stories about the gangs are awful, they don't care how he dealt with them, just that they can now leave their homes after sundown, that theyre business arent extorted for money, that theyre daughters arent raped, that they have freedom of movement, that 5 yr old kids arent being recruited by gangs, that they can finally see their families in other parts of the country, that people arent being burned alive to intimidate thr public. Safety is a basic need and he's the first leader to give it to them. The opposition even acknowledges he has a 90% rating.
I don’t think it was better policing tho, it’s more like they arrested anyone even remotely suspected to be involved in gang activity.
For the majority of the population, this policing has changed their life drastically for the better. It's not good from a human rights perspective, but they are very happy with it (from everyone I spoke to); and families from abroad are finally coming back - spoke to a number of people that hadn't been back for 5, 10, 20, even 45 years!
Thanks for this Mags. If given the choice,and similar circumstances, most people would accept the trade offs. By the sounds of it, the tyranny of the gangs was a far worst choice.
Yes, let's see in eg 10 years, but rn the people are happy about the freedom from gangs they've been given. I came I skeptical wrt the approval rating, but I talked to everyone I met (Google Translate for the win)
The main point of my previous post was that the HRF is not a neutral reliable organisation. It lumps countries like El Salvador in with China (who as a functioning authoritarian regime have successfully choked most of the use of bitcoin in the country) and non functioning African states.
Nigeria from your statista list is #16 on the fragile states index and has a sizeable black market where USD is king. In a functioning state, authoritarian or otherwise; neither foreign, nor crypto currency would be allowed to gain such a foothold.
NYC has a similar program called stop and frisk. It’s apparently not as effective after someone decided it was “racist”.
Members of the most infamous Salvadoran gang MS-13 are supposed to commit one murder to be initiated. These tattoos could potentially be considered evidence, though it's obviously a bit iffy.
Imagine if western countries put all people with suspicious tattoos in camps. It would be a massive international scandal. But it goes to show that effective policing depends on the population you’re targeting.
I guess the good news is that they said Crypto and not Bitcoin 🤷♂️
Sadly, they don’t know the difference and Biden wouldn’t know a Bitcoin if it smacked that dumb smirk off his face.
They’re scared. We’re at the “then they fight you” stage now.
Okay White House economic report!
A motley crew of talented individuals have gathered in a remote beach town in Costa Rica to plot a course to a future built on Bitcoin and nostr. Meanwhile, the US gerontocracy tilts at windmills.
WAGMI. Them, not so much.
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Thank you for bringing this up. Reading now. Happy to see they at least directly cite the Bitcoin White Paper.
Once you see the matrix it’s unreal what people believe without thinking it through!
This report summary is “I’m scared, really scared can someone help turn my computer on so I am check my AOL mail”
🔥🔥🔥⚡🐴🪓🍿😎🌱🎯
