#BuonGiorno #Nostricciattoli #Italia #GM

the best regulation is no regulation

Bitcoin fix this

😳

Too low zap on #Nostr

Im going to hug zap ⚡️ everyone who follows and interacts with this note!!! LFG 🚀

#Zap #bitcoin #btc

🫡💜🧡

⚡️🗣️ GM, I'll tell you what I think right now ⤵︎

🇪🇺 EU leaders are going to print money - or debt, which amounts to the same thing - galore to finance their rearmament.

Here's what you can expect:

- Rampant inflation of the euro, which will devalue your savings.

- Tax increases in an attempt to curb massive indebtedness.

- Prices of essential goods will soar.

- Confidence in money will crumble, driving some to alternatives like gold, bitcoin or cryptocurrencies.

- The rulers will raid all your savings they know about: Livret A passbooks, savings, cryptocurrencies, real estate. They'll freeze everything and tax it to exhaustion and beyond.

- Aggravated Orwellian surveillance, a total ban on private communications, accompanied by psychological pressure on anyone who opposes the official discourse; such individuals will be branded traitors, as was the case during the Covid period.

Would love it could go like that and was that easy. I don't have any positive views on hiw it will go unfortunately.

IMHO the only way to an organic bitcoin adoption is bottom-up and not coming from the govt.

Good morning and pura vida, Nostr! It's time to create notes and send zaps! 🫂🤙🏻💜

Bots love GMs and PVs. Here's a special good morning to all of the GM bots that will reply to this note.

For now. But even that.. WTF are we talking about. That's how totalitarian government are created, step by step, one regulation after the other.

Why did El Salvador accept this?

The International Monetary Fund (IMF) required El Salvador to phase out its official Bitcoin wallet, Chivo, as part of a $1.4 billion loan agreement reached in December 2024. The IMF stipulated that the Salvadoran government gradually reduce its involvement in Bitcoin-related activities, including unwinding its participation in the Chivo wallet. This move aims to mitigate potential financial risks associated with Bitcoin’s volatility and to enhance financial stability and consumer protection in the country. 

Despite these conditions, Bitcoin remains legal tender in El Salvador. The government has indicated plans to continue purchasing Bitcoin for its strategic reserves, potentially at an accelerated pace. However, the acceptance of Bitcoin by private businesses has been made voluntary, and tax payments are now exclusively conducted in U.S. dollars. 

The decision to phase out Chivo and adjust the country’s Bitcoin policies reflects a compromise between embracing cryptocurrency innovation and adhering to international financial guidelines to secure essential funding.