₿Hodl

#npub177sswc2cwq3wswajldvsfqude82du7l8a3wu8stfnfxxj8sv93wstuqyve

[BTC_TR @btc_tr_]

Tu veux pas rester dans le brouillard? Viens allumer ta switch.

🟠 Organisé par des Bitcoineux de la gang à @BullBitcoin_
🛡️ Bitcoin seulement. Les shitcoins restent à la porte.

✊ Liberté. Vérité. Responsabilité.

[MAGS 🔑⛏️🚒 @Crypto_Mags]

The IMF has imposed conditions that El Salvador stop accumulating Bitcoin as part of its $1.4billion loan. They will be restricted from Bitcoin purchases and mining. This has several implications for "Bitcoin Country".

𝗖𝗼𝗻𝘁𝗲𝘅𝘁 𝗼𝗻 𝗜𝗠𝗙 𝗟𝗼𝗮𝗻𝘀

This request aligns with the IMF’s broader historical pattern of using loans as leverage to shape the economic policies of borrowing nations in a way that prioritizes Western financial interests.

The @IMFNews (and World Bank) has historically imposed economic conditions that force developing nations to prioritize foreign debt repayment and economic policies favoring multinational corporations over domestic economic sovereignty. These conditions often limit a country’s ability to pursue independent economic strategies, such as nationalizing resources, setting up protective trade policies, and now, in the digital age, adopting Bitcoin as a reserve asset. See @gladstein and @jperkinsauthor bodies of work for more context on how the IMF operates and their economic aftermath.

𝗪𝗵𝘆 𝗪𝗼𝘂𝗹𝗱 𝘁𝗵𝗲 𝗜𝗠𝗙 𝗢𝗽𝗽𝗼𝘀𝗲 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗔𝗰𝗰𝘂𝗺𝘂𝗹𝗮𝘁𝗶𝗼𝗻?

Bitcoin represents an alternative to the global dollar-based financial system, which is dominated by the IMF, World Bank, and Western financial institutions. If El Salvador successfully accumulates Bitcoin and demonstrates its use as a sovereign reserve asset, it could set a precedent for other developing nations to reduce reliance on the IMF’s financial mechanisms.

The IMF traditionally structures loans to ensure that the borrowing country remains within the dollar-based global economy. Bitcoin adoption could reduce El Salvador’s reliance on the U.S. dollar, challenging the traditional financial architecture in which the IMF plays a central role.

If El Salvador complies, it may remain dependent on traditional financial institutions and the dollar based system for a longer timeframe. By limiting Bitcoin accumulation, the IMF forces El Salvador to stay within an economic system prone to inflation, capital controls, and external geopolitical shocks.

El Salvador’s Bitcoin experiment, spearheaded by @nayibbukele, challenges the traditional debt-based system and represents an alternative development model that the IMF may perceive as a threat.

Much is at stake: if El Salvador were to succeed in integrating Bitcoin successfully, it could encourage other countries to follow suit. The IMF’s condition is likely a preemptive measure to prevent this trend from gaining traction.

𝗘𝗹 𝗦𝗮𝗹𝘃𝗮𝗱𝗼𝗿 𝗦𝘁𝗮𝗻𝗱𝘀 𝗮𝘁 𝗮 𝗖𝗿𝗼𝘀𝘀𝗿𝗼𝗮𝗱

El Salvador already has a strategic geopolitical advantage compared to other countries that have accepted IMF loans in that they have accumulated over 6,000 Bitcoin.

The US Federal and State governments, other Western countries, and sovereign wealth are increasingly contemplating adding Bitcoin to reserves. As one of the first movers, El Salvador is in a unique position to repay it's debt with potential Bitcoin price appreciation with rising global adoption, unlike other developing countries that continue to take on debt (and loan conditions) via IMF loan restructuring.

Further, El Salvador has implemented soft Bitcoin initiatives like education (see @bitcoinofficesv initiatives), which position its people and businesses towards individual adoption and accumulation (vs at a national level). These are more likely to survive government terms and changing policies, and also build businesses that can compete globally in a growing Bitcoin economy.

When El Salvador adopted the Bitcoin Law, it appeared that Bitcoin could be an alternative pathway for developing countries becoming more economically sovereign instead of taking on IMF and World Bank loans. The disappointment observed by Bitcoiners in seeing the conditions imposed by the IMF are understandable. But it may not be black or white, time is needed to assess the lasting success of El Salvador’s efforts to become Bitcoin Country.

[₿Hodl @BHodl_]

@libremediaqc Joue avec des $hitcoins, fini comme un $hitcoin. #BitcoinOnly

[Walker⚡️ @WalkerAmerica]

DUMP YOUR SHITCOIN AND STUDY BITCOIN

[Simply Bitcoin @SimplyBitcoin]

Wrapped Bitcoin is not #Bitcoin

[Breadman @BTCBreadMan]

A little bit louder for the retards in the back:

EVERYTHING IN CRYPTO EXCEPT BITCOIN IS A WORTHLESS FUCKING SCAM

[₿Hodl @BHodl_]

@tyler Nostr is freedom of speech, not X. On X, a single men can decide to silent you just like that. If your not blue checked, you're kind of shadow banned.

[Bitcoin Coalition Canada @BTCcoalition_ca]

Dear Premiers @fordnation @WabKinew @francoislegault, just to our south, the states of Ohio and Pennsylvania have now both introduced legislation to establish Strategic #Bitcoin Reserves. The window of opportunity for Canadian provinces to also do so is narrowing quickly.

[Sebastien Ruel @basruel]

🫡

[BTC Sessions 😎 @BTCsessions]

Hello #Bitcoin newcomers! If you need step-by-step hand holding, here's a thread with a few resources I've put together. Share & tag anyone this might help!

First off, you can subscribe to my YouTube channel that I've been running since 2016.
https://t.co/K2uO6TfqDX

[Saifedean Ammous @saifedean]

Central Bank fiat shitcoins are down more than 70% since this warning. All the fiat investments that gave you positive returns only did so in terms of these stupid fiat shitcoins, not in terms of real money: bitcoin.

[₿Hodl @BHodl_]

@nymproject Ask for KYC.

[Orange Pill Podcast @orangepillpod]

Max Keiser full @TuckerCarlson interview

[₿Hodl @BHodl_]

@TomBenoit_ On as pas besoin d'avoir votre permission pour utiliser Bitcoin. Ni la permission de quiconque. Heureusement, merci Satoshi!

[BULLBITCOIN.COM @BULLBITCOIN_]

👀

[₿Hodl @BHodl_]

Hey! If you don't see me posting on X, it's because I prefer nostr.

npub177sswc2cwq3wswajldvsfqude82du7l8a3wu8stfnfxxj8sv93wstuqyve

[Gustavo | Aureo @gustavojfe]

I’m hosting a final bitcoin meetup in Montreal this summer with the @BullBitcoin_ team.

August 17th 4PM at Jarry Park

Bring your own meat and drinks, a BBQ will be provided.

Get ready to party.🥳

RSVP: https://t.co/TQpmHbbYVP

[ValentinoZ @vazertuche]

1/ My brain is completely exploding with the possibilities that this Concurrently Secure Blind Schnorr signatures paper combined with FROST will give to Bitcoin. The fact that the authors have introduced predicate blind signatures has literally blew my brain apart.

[Max Keiser @maxkeiser]

👇