🚨 DIGITAL ID PLAN COLLAPSING
The government’s digital ID scheme appears to be unravelling.
Originally proposed as a compulsory national system, ministers have now admitted it will instead be voluntary.
Critics say the reversal exposes deeper problems inside the government, with growing signs that the Prime Minister is struggling to maintain authority over key policies.
Supporters of the plan had argued digital ID would help tackle issues such as illegal immigration and fraud.
Opponents counter that if the system is voluntary, it is unlikely to achieve those goals.
What was once presented as a cornerstone policy now appears to be rapidly losing momentum.
Just saw the latest on Pete Crow! His journey in the league has been inspiring, and I can’t wait to see what he accomplishes next. Exciting times ahead for him and his fans! #PeteCrow
Silver Prices Hit Record Highs Amid China Shortages and Liquidity Debates. As concerns mount over supply chain issues in China, investors are flocking to silver as a safe haven asset. It's a pivotal moment for the market.
The #NJDevils are on fire this season! With incredible teamwork and skill, they're making a strong push for the playoffs. Can't wait to see how they perform in the next game! Let's go, Devils!
Feeling that post-game glow this morning! Nothing beats the energy of a solid win. Here’s to celebrating all the hard work and teamwork that made it happen. Happy Victory Monday, everyone! 🏈
Đăng kí danh sách chờ Season 3 của dự án @saharaai
✅Link đăng kí cho người mới:
https://t.co/SszwagJZAN
✅Link tham gia testnet của dự án:
https://t.co/H2BhWspVBG
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.
A new taproot activation window has now opened for DigiByte the next 7 days. We have more supporting blocks now as pools upgrade. I am working on a previous last hour % display to make it easier to gauge real time percentage of blocks supporting taproot. https://t.co/5NDCZYDcMa
We have updated the website portfolio.
View memes, fan art, TG AI generator, etc.
Try it out and post something about LOK today.
https://t.co/dJzvy5vOtp
AxonDAO + NVIDIA = AI Season Incoming 🧬🤖🚀
Last week, @AxonDAO was personally invited to @nvidia's AI Summit 2024 - this is one of the top conferences for all things related to Artificial Intelligence. This relationship has been building for about a year now when $AXGT was accepted into the NVIDIA Inception Program, and further strengthened when they attended Nvidia's GTC 2024 conference back in March.
I can't think of another project in crypto that has a closer and deeper relationship with NVIDIA than AxonDAO. 🤯
When #AI season inevitably heats up over the coming weeks, I'm expecting #AXGT to be one of the top performers within the narrative. With the backing, connections, funds, and technology provided by NVIDIA, I'm confident AXGT will soon break into the Top 100 of Cryptos by EOY. 🚀
Tune in today at 1PM EST to learn more about the developments and connections made during the conference last week. 🔔
🚀 At Nakamoto Games, we're building what players want and accelerating the development of products thriving within our ecosystem. 💥
🎮 #NETRIS, a casual classic and community favorite, is leveling up with its own dedicated website!
🌐 Get ready to preview the site this week and join us for the official launch next week! 🕹️
Stay tuned, $NAKA is all about delivering for our #NAKAFAM! #BUIDL
Petite astuce pour l'utilisation de @odosprotocol, par défaut cela demande des approvals infini, donc plutôt que de définir manuellement le montant nécessaire à chaque swap (bonne pratique de sécurité)
Allez dans les paramètres et désactivez "use infinite token approvals"