September 2022

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Cardano Developer Emurgo Undaunted By Bear Market As It Shells Out $200M In Investments

The crypto bear market has been brutal, but it has not stopped development in the Cardano ecosystem in any way. The network recently celebrated the completion of its Vasil hard fork, and even though the price of its native token ADA has failed to move in tandem with the development, Cardano developer Emurgo is not discouraged as it reveals a massive fund for developments on the network.

$200 Million To Cardano Projects

CoinDesk caught up with Ken Kodama, founder of Emurgo, at the Token 2049 conference, where it was released that the Cardano developer would be diving deeper into funding for the ecosystem. It was revealed that Emurgo was planning to inject $200 million into the ecosystem for projects built on the network. 

The fund is particularly targeted toward projects that are currently being developed on the Cardano network as well as projects that exist on other networks but plan to integrate support for the blockchain over time. It has also earmarked $100 million out of this fund to go towards investments in Africa, a region where Cardano development has been ramping up in recent months.

ADA price trending at $0.43 | Source: ADAUSD on TradingView.com

The founder explained that the fund was actually coming out from Emurgo’s capital and was meant to go towards the expansion of the network over the next few years. It is especially important now that the upgrade is completed and developers are able to build on the network now. 

Emurgo’s investment into the ecosystem will no doubt help its DeFi growth, which has been struggling through the bear run. With such funding, it will be easier to onboard more builders to the network by providing sound financial support.

Standing Up Against Competitors

Cardano has often received harsh criticism in the space as a lot of investors believe that the network is not growing fast enough. The most recent of these came from Ethereum maxi Evan Van Ness who referred to the blockchain as a “zombie chain.”

In his post, Van Ness pointed out that Cardano saw fewer transactions compared to Uniswap, even though the latter has a much lower market valuation. However, these are two projects that differ greatly in their mode of operation and revenue generation, so this is not the best example for it.

Nevertheless, Cardano continues to lag behind other networks in terms of decentralized finance activity. But it is worthy of note that the network received smart contracts capability much later than its competitors, and the investments in the space have shown a commitment to building out its DeFi dominance.

Cardano’s total DeFi TVL is currently sitting at $76.79 million, accounting for 0.14% of the total DeFi TVL of $54.74 billion. The price of the digital asset is trending at $0.43 with a total market cap of $15 billion. 

Featured image from The Cryptonomist, chart from TradingView.com

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Portland Trail Blazers Cut Jersey Patch Partner Deal With Staking Firm StormX

Amidst CeFi chaos, it’s been a relatively quiet year for Seattle-based staking platform, StormX. Despite signing a multi-year deal jersey patch sponsorship with the NBA’s Portland Trail Blazers last year, that deal has come to a close according to the team on Friday. StormX is yet to comment on the matter.

Let’s review the brief details that we’re hearing through the wire in the last 24 hours regarding the matter, and how things got to this point.

StormX: Past And Present

In July 2021, in the midst of high-flying sports sponsorships being sold left, right and center, the Portland Trail Blazers secured their second-ever jersey patch sponsor with staking platform StormX. It was considered a regional play, as StormX is based just a few hours north of Portland in Seattle, Washington. At it’s time, despite StormX’s relatively quiet public image, it was the first-ever crypto jersey patch in the NBA.

When the deal was established last year, it was reportedly a five-year deal. However, the Trail Blazers seemed to have cut it short – which could be for a number of reasons. Respected Portland sports reporter Casey Holdahl first broke the news that the deal was finished, and that the Blazers are actively searching for a new jersey patch sponsor as the NBA season tip-off is now less than 30 days away.

StormX (STMX) native token has seen a substantial decline since establishing their partnership with the Portland Trail Blazers last year. | Source: STMX-USD on TradingView.com

Speculation: What Happened?

Of course, the market confidence in crypto, particularly around CeFi and staking platforms at large, is much lower than it was a year ago. The fall of Terra Luna, along with CeFi crypto earning platforms, like Voyager and Celsius, have substantially dampened consumer confidence and could have led the Trail Blazers to get cold feet on the future viability of the relationship.

However, the timing is still a bit interesting. As independent Portland sports reporter Sean Highkin reporter noted, the StormX patch was featured on player jerseys as recent as earlier this week for the team’s media day. There are a number of pacific northwest based companies that could serve as viable replacements for the StormX deal, but with no verified leads around what brands might be interested or in conversations with the club, it’s impossible to say who could fill the role for the team next.

The Blazers statement has been brief, stating only: “As we tip-off the 2022-23 season, we will launch a search to identify a new jersey-patch partner as we’ve ended our current relationship with StormX. We’ll share additional information in the near future on this exciting new opportunity.”

Featured image from Pexels, Charts from TradingView.com

The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
This op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike.

OpenSea Delisting Bug Impacts Another Major NFT Collection

Another OpenSea bug strikes again. It’s a less-than-ideal way to end the week for the once blue chip NFT collection, Azukis. Holders of Azuki NFTs were awakened on Friday to an email from OpenSea that allegedly advised NFT owners that many Azuki NFTs were being delisted. The once blue chip collection has had a substantial fall from grace, but still commands high respect with a consistent floor price around 10 ETH lately.

While re-listings for the project appear to be happening throughout the day on Friday, the error represents another occurrence of ‘accidental delisting’ of a major project on OpenSea. Let’s take a look at more details from the situation and what we can expect next.

An OpenSea Flaw, Or Azuki’s Fate?

Speculation was in no short supply on Friday within the NFT community, as some individuals believed that it could be a major impact on the collection – rather than a mistake on OpenSea’s part. However, the official Azuki Twitter account and product manager Demna were swift in keeping an open line of communication with the community:

We have reached out to @opensea about the delisting emails sent to Azuki holders, awaiting response. Our working theory is that we are facing a similar error/issue as this one. Check Discord for live updates, @DemnaAzuki will also be tweeting as we work to resolve this issue. https://t.co/azJhiXzEE0

— Azuki (@AzukiOfficial) September 30, 2022

Demna has described the issue as a ‘technical error’ on OpenSea, and the NFT marketplace released a statement of their own on Friday morning, proclaiming that there was a “error in our Trust & Safety flagging system” that caused Azukis to be delisted, but that their team worked quickly to resolve the issue.

Ethereum (ETH) based NFT collection, Azuki, had to deal with some hiccups on Friday following an accidental delisting on OpenSea. | Source: ETH-USD on TradingView.com

Not The First Time…

As the Azuki Twitter account referenced, this isn’t the first time we’ve seen this happen with a blue chip collection on OpenSea. Back in June, Bored Ape Yacht Club faced a similar dilemma, with OpenSea briefly delisting some of the BAYC collection. Overall, this isn’t a new issue or an issue that’s particularly clear to understand, however it’s ramifications can be substantial. Luckily for Azukis, the floor price before and after the delisting debacle on Friday was relatively unmoved, dropping from just above 10ETH to just below 10ETH, and currently sitting at 9.97ETH at time of publication.

Nonetheless, it’s still been a substantial fall from grace for a once high-flying project. At one point earlier this year, the project had a daily average sale price just shy of 40ETH, but in recent months, some Azukis have sold for a fraction of that, at times logging daily average sales between 6ETH and 7ETH.

Featured image from Pexels, Charts from TradingView.com

The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
This op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike.

Texas and Vermont State Regulators Object to Celsius Seeking Permission To Sell Stablecoin Holdings

Regulators from two states are objecting to bankrupt crypto lender Celsius seeking permission to sell their stablecoin holdings.

According to recent court documents, the Vermont Department of Finance alongside two regulatory agencies from Texas are filing objections to Celsius asking the bankruptcy court if it can sell its remaining stablecoins.

The Texas agencies say that Celsius should not be granted permission because they have not disclosed how many stablecoins will be sold as well as how the sales would benefit its creditors.

Furthermore, Texas says that an examiner to review Celsius’ crypto holdings has been hired by the government, and it would be “inappropriate” for them to sell assets while the assessment is unresolved.

“The debtors fail to disclose in the motion how much stablecoin will be sold, and how the monetization of the stablecoin ultimately benefits the bankruptcy estate and the many consumer creditors of the debtors…

Finally, the United States Trustee is currently in the process of employing an examiner to review, inter alia, the cryptocurrency holdings of the debtors. The request to sell certain of these cryptocurrency assets while this examination is pending is inappropriate.”

Vermont is filing its objection on the grounds that Celsius would have to illegally operate within its borders to sell the stablecoins. The state also says Celsius has not made it clear what it would do with the proceeds of the sales.

“It is not at all clear what the debtors intend to do with the proceeds of any such sales, whether the relief requested extends to Stablecoin-denominated assets such as retail loans to consumers, and the degree to which debtors’ use of sale proceeds will be supervised by the Court.

To the extent debtors’ planned activities include the offer or sale of securities in Vermont or the exchange of money, debtors cannot proceed lawfully without appropriate securities registration and/or licensure as a money transmitter.”

Celsius, which has 11 different types of stablecoins valued at around $23 million, initially asked the bankruptcy court for permission to liquidate its holdings earlier this month. The firm said selling the tokens would help fund its operations.

“The debtors, in an exercise of their reasonable business judgment, believe that the sale of their stablecoin consistent with past practice and in the ordinary course of business is an efficient way to generate liquidity to help fund the debtors’ operations.”

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The post Texas and Vermont State Regulators Object to Celsius Seeking Permission To Sell Stablecoin Holdings appeared first on The Daily Hodl.

Trading Giant Robinhood Enables Transfers for Recently Listed Ethereum (ETH) Challenger

Customers of the trading giant Robinhood can now execute external transfers of the Ethereum (ETH) competitor Avalanche (AVAX).

Robinhood first launched crypto transfers in and out of its platform in July, adding trading support for AVAX and XRP rival Stellar (XLM) last month and unlocking transfers for Avalanche on Thursday.

AVAX is trading at $17.31 at time of writing. The 17th-ranked crypto asset by market cap is down 0.46% in the past 24 hours and more than 2% in the past week. It also remains down more than 88% from its all-time high of around $145, which it hit in November of 2021.

Robinhood also provided an update on its crypto wallet rollout, noting wallets should still be available to customers by the end of the year. The company says beta testing starts this month.

The California-based firm opened a waitlist for beta testers in May after announcing that it was launching a multichain, non-custodial crypto wallet that will allow users to trade crypto, access decentralized apps (DApps), do yield farming and store non-fungible tokens (NFTs), among other functions.

Robinhood CEO Vladimir Tenev noted in August that the number of people who wanted to get early access to the retail trading platform’s Web3 wallet had already surpassed 1 million.

Robinhood has had a difficult year, letting go of 9% of its staff in April and another 23% of its workforce in August.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Trading Giant Robinhood Enables Transfers for Recently Listed Ethereum (ETH) Challenger appeared first on The Daily Hodl.

Microstrategy Is Seeking a Full-Time Lightning Network Engineer to Build a SaaS Platform

The mobile software, cloud-based services, and business intelligence (BI) firm Microstrategy is seeking a full-time Lightning Network software engineer, according to a job listing published this week. The developer, if hired, will build a Lightning Network-based software as a service (SaaS) platform for the company so it can be used for ecommerce use cases and connect with enterprises looking for payment solutions as well.

Microstrategy Looks to Hire Lightning Network Software Developer

After the company purchased 301 bitcoin (BTC) to hold on its balance sheet, the BI firm Microstrategy published a job listing on the web portal smartrecruiters.com. Microstrategy’s job offer is for full-time employment as a Bitcoin Lightning Software Engineer and the chosen individual will be in charge of creating a Lightning Network (LN) SaaS platform.

“As a Bitcoin Lightning Software Engineer at Microstrategy, you will build a Lightning Network-based SaaS platform, providing enterprises with innovative solutions to cyber-security challenges and enabling new ecommerce use-cases,” Microstrategy executive Chen Wan explains.

The interested person must have a Bachelor’s degree in computer science or a related field and a “Master’s degree or Ph.D. in computer science/engineering is a plus,” Wan’s job summary details. Furthermore, the candidate should have a “strong knowledge of data structures, algorithms, operating systems, distributed systems, and other fundamental computer science concepts,” the job listing adds.

The Lightning Network is a second layer (L2) scaling solution for Bitcoin that was first introduced in 2015. At the time of writing the LN capacity is 4,905.29 BTC or $95.2 million in USD value. There are 17,203 LN nodes right now and 84,928 payment channels, according to statistics on September 30. The number of LN Tor Nodes is approximately 12,305 and the percentage of LN Tor capacity is 69.3%.

Microstrategy’s engineering job says that the chosen person will build software solutions leveraging the Bitcoin (BTC) blockchain and Lightning Network, as well as “other decentralized finance (defi) technologies.” Furthermore, contributing to the Bitcoin Core codebase and other types of open source cryptocurrency coding projects is “a plus.”

What do you think about Microstrategy’s job offer? Let us know what you think about this subject in the comments section below.

Telco giant Deutsche Telekom launches Ethereum validator

Deutsche Telekom will run an Ethereum validator node via its subsidiary T-Systems Multimedia Solutions and has also partnered liquid staking pools provider StakeWise.

German telecom giant Deutsche Telekom has announced support for the Ethereum network, revealing plans to run a validator node on the world’s largest proof-of-stake (PoS) blockchain.

An announcement from the telecommunications giant on Thursday stated that the company move is part of its wider objective of expanding its activities across the blockchain technology and crypto ecosystem.

Deutsche Telekom joins Ethereum staking

According to Deutsche Telekom, its validation infrastructure will be handled by its subsidiary, T-Systems Multimedia Solutions (T-Systems MMS). T-Systems MMS will thus operate a validator node on Ethereum, taking part in the network’s staking mechanism.

Deutsche Telekom also announced that its subsidiary would be partnering liquid staking pools provider Stake Wise, this marking the telco’s entry into liquid staking. 

The StakeWise app allows ETH holders to participate in network validation without having to operate a validator node themselves. This in turn lowers the entry barrier for anyone looking to invest in the cryptocurrency.

After collaborating with Flow, Celo and Polkadot, we are now taking the next decisive step in the blockchain world and are doing pioneering work here with Ethereum. As a node operator, our entry into liquid staking and the close collaboration with a DAO is a novelty for Deutsche Telekom,” said Dirk Röder, Head of Blockchain Solutions Center at T-Systems MMS.

The German telco behemoth’s move comes a few weeks after Ethereum successfully transitioned from the proof-of-work mechanism used on the Bitcoin network.

The Merge, as the Ethereum software upgrade that ushered in the PoS mechanism was called, is set to see energy consumption for Ethereum fall by 99.95% – making the blockchain a more eco-friendly network.

The post Telco giant Deutsche Telekom launches Ethereum validator appeared first on CoinJournal.

Immutable X (IMX) gains over 50% in recent weeks even as most crypto-assets continue to slump

As most coins in the crypto market continue to slump, Immutable X (IMX) has been posting incredible gains over the last week or so. Recent chain news has driven much of this surge but can IMX keep this going? Here are some highlights:

Immutable X (IMX) announced it had raised $200 million to fund the expansion of its ecosystem.

Despite the rally, Immutable X (IMX) still remains significantly lower compared to its ATH

At press time, the coin was trading at around $1.8.

Data Source: Tradingview

Immutable X (IMX) – Price prediction

The recent 50% surge for Immutable X (IMX) came as a welcome surprise for investors. The market over the last few days has been very volatile and it’s been harder every day to find some good news across the board. But despite this, we expect IMX to pull back slightly. 

In fact, at the time of writing, the coin had lost around 5% over the last 24 hours, trading at $1.85. The most important thing to watch right now is the $1.95 mark. If indeed, IMX can find enough bullish uptrend to test or even cross that threshold, then we could see more gains coming in the near term. 

But there still remains a significant risk of a sell-off. When coins rally like this, they will plateau at some point. For IMX, it seems that the point is $1.8. A break below that could lead to more losses.

Is Immutable X (IMX) worth it?

There is no doubt that Immutable X (IMX) has fallen sharply since it reached all-time highs a few months back. The coin has also been on a bearish trend for the most part of this year. 

While this can be a problem for the short term, from a long-term point of view, Immutable X (IMX) still remains a decent buy with significant potential.

The post Immutable X (IMX) gains over 50% in recent weeks even as most crypto-assets continue to slump appeared first on CoinJournal.

MicroStrategy looks to hire a Bitcoin software engineer

MicroStrategy wants to hire a Bitcoin software engineer to build a software-as-a-service (SaaS) platform on the Lightning Network.

MicroStrategy, a top business intelligence firm that’s the largest corporate holder of Bitcoin (BTC), is looking to hire a software engineer to help build a Lightning Network-based enterprise platform.

Bitcoin software engineer to build SaaS platform 

On Friday, the US-based technology company announced it was on the hunt for an individual who will be tasked with developing a software-as-a-service (SaaS) platform. 

According to the firm, the new platform will offer innovative solutions around cyber-security challenges to enterprises as well as enable new e-commerce use-cases.

The engineers at MicroStrategy are working on some exciting new Lightning apps to help our enterprise customers secure networks, monetize websites, and deploy wallets en masse using Bitcoin,” MicroStrategy Executive Chairman Michael Saylor tweeted, urging those interested in joining the team to apply for the position.

Among other qualifications, one is required to have experience in developing software solutions that leverage the Bitcoin blockchain and Lightning Network, or decentralised finance (DeFi) technologies.

Saylor left his role as MicroStrategy CEO early last month to become the Executive Chairman, stating at the time that he was taking the step to focus more on the company’s Bitcoin strategy. 

Just this month, the company purchased an additional 301 bitcoins to bring its total holdings to 130,000.

The post MicroStrategy looks to hire a Bitcoin software engineer appeared first on CoinJournal.

Stop Drinking the Elite’s Kool-Aid

This article is the core story in Bitcoin Magazine’s “The Orange Party Issue”. Click here to subscribe now.

A PDF version of this article is available for download in Spanish and English.

On September 7, 2021, El Salvador became the first country in the history of the world to adopt bitcoin, the world’s new currency.

Remember those words, as they will be engraved in the history of money.

But as of today, in these early times, opinions are stuck in the buckets of it being a bold move, a smart move, a dumb move, or simply a gamble.

Of course, it was none of the above. It was the only obvious move, the only logical one. For those who understand, the real question is not if other countries are going to adopt bitcoin, but when.

We are so early in this paradigm shift, that a logical, common sense move is controversial; it has many people cheering it on, and many, many detractors.

On this occasion, I will not analyze the supporters, but the detractors. They can be separated into three groups:

The ones who genuinely think it was the wrong decision.The ones who think it’s a good decision, but for the wrong reasons.The ones who are afraid of our decision.

Now, the interesting part is that the first and second groups exist mostly because of the third.

Why?

Because the most vocal detractors, the ones who are afraid and pressuring us to reverse our decision, are the world’s powerful elites and the people who work for or benefit from them.

They used to own everything, and in a way they still do; the media, the banks, the NGOs, the international organizations, and almost all the governments and corporations in the world.

And with that, of course, they also own the armies, the loans, the money supply, the credit ratings, the narrative, the propaganda, the factories, the food supply; they control international trade and international law. But their most powerful weapon is the control of the “truth”.

And they are willing to fight, lie, smear, destroy, censor, confiscate, print, and do whatever it takes to maintain and increase their control over the “truth”, and everything, and everyone.

Just think about the hundreds, if not thousands, of articles about how El Salvador’s economy was supposedly destroyed because of its “bitcoin gamble”, about how we are inevitably heading to default, that our economy has collapsed, and that our government is bankrupt.

Most of you have surely seen this, right? They’re all over. Every financial publication, every major news organization, every newspaper in the world, all the credit rating agencies, and all the international financial organizations are saying the same thing, as if they were in a choir.

But is any of this true?

Well, you just need to read their articles and listen to their “experts” saying that all of this happened after El Salvador lost around $50 million because of bitcoin’s plummeting price on exchanges. Since we are not selling any bitcoin, this statement is obviously false. But for the sake of making a more profound analysis, let’s say it was entirely true, which of course it’s not, but bear with me.

Really? A whole country’s economy was destroyed by a $50 million loss?

Yes, El Salvador is a relatively poor country, but in 2021 alone, we produced $28 billion in products and services. Pushing the idea that a $50 million loss — less than 0.2% of our GDP — would destroy or even put our country’s economy in trouble is far more than stupid; it is revealing.

You would think the economic geniuses at Bloomberg, Forbes, Fortune, Financial Times, Deutsche Welle, BBC, Al Jazeera, The Guardian, The New York Times, The Washington Post, etc., would have enough analysts and editors well versed in these topics to tell them not to publish that nonsense. You would think these absurd articles wouldn’t pass those editorial boards, but they do. And sometimes they even get a very large space, like a full-page spread in The New York Times.

So the argument that we have lost $50 million worth of bitcoin is false, because we simply have not sold any bitcoin. And even if we were to accept that argument as true, then it would be ridiculous to conclude that an economy of $28 billion per year will go bankrupt or into default because of a 0.2% “loss” in one year, when in 2021 our economy grew 10.3%, or by $4 billion. This is using the IMF’s own numbers!

And even if you want to accept that absurd argument as true, which would mean you ignore math or basic logic, still, you will have yet to ask yourself why these worldwide media corporations would give so much time and space to such a small country like El Salvador.

Were they talking about El Salvador before? Did they care about what happened in our country? Did they report the $37 billion (with a b) that the previous governments stole from our country’s treasury?

Ask yourself these questions; a few years ago, did you know where El Salvador was located on a map? Did you know the name of the previous president of El Salvador? Did you know about their failed economic policies?

The answer to those questions added to the incredible absurdity of portraying, in hundreds of serious financial publications, that an economy that produces $28 billion a year will go bankrupt for a debatable $50 million loss. That is all the proof one should need to see that they are trying to fool you.

In fact, these are the real numbers, which are public information and can be found and double-checked quite easily:

In 2021, our GDP rose 10.3%, income from tourism rose 52%, employment went up 7%, new businesses up 12%, exports up 17%, energy generation up 19%, energy exports went up 3,291%, and internal revenue went up 37%, all without raising any taxes. And this year, the crime and murder rate have gone down 95%.

These are real numbers, facts that cannot be distorted by narrative. The only number that can be changed with their rhetoric is our bond prices, since they depend mostly on the official narrative and the credit ratings of their agencies; more “truth” than the truth.

They have said over and over again, in more than a hundred self-accredited publications, that we are not able to pay our debts and are heading for default. We were even ranked as the country with the highest risk of default in the world. El Salvador with more risk than Ukraine. Yeah, exactly.

So to counter that narrative, we did exactly the opposite of not paying our debts; we offered to pay in advance. And that is why this month we will be buying all of our 2023 and 2025 bonds, that the holders want to sell of course, at market price.

They have also told you that there are huge anti-Bitcoin protests in El Salvador; they have been anything but huge. Furthermore, why would my government have a 85-90% approval rating according to every poll conducted in the last year, including several polls conducted by the opposition and several by independent international polling firms, if we were handling things so badly?

By the way, what’s your president’s approval rating?

So if you are in group one or two of the detractors, my message to you is this; stop drinking the elites’ Kool-Aid and take a look at the facts. Even better, come ask the people, see the transformations for yourself, walk in the streets, go to the beach or to our volcanoes, breath the fresh air, feel what it really means to be free, see how one of the poorest nations in the continent and the previous murder capital of the world is changing to rapidly become the best place it can be.

And then, ask yourself; why are the world’s most powerful forces against those exact transformations. And why should they even care?

You see it now, right? The reason for all of this is because we’re not simply fighting a local opposition, or the usual roadblocks any small country may face, but the system itself, for the future of mankind.

El Salvador is the epicenter of Bitcoin adoption, and thus, economic freedom, financial sovereignty, censorship resistance, unconfiscatable wealth, and the end of the kingmakers, their printing, devaluating, and reassigning the wealth of the majorities to interests groups, the elites, the oligarchs, and the ones in the shadows behind them, pulling their strings.

If El Salvador succeeds, many countries will follow. If El Salvador somehow fails, which we refuse to, no countries will follow.

They know this very well and that’s why they are fighting us so hard.

Will you play their game?

Or will you become aware of the real game?