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Presidents of El Salvador and Argentina set to meet to discuss Bitcoin

You could respect people more and fight for more freedom

Javier Milei

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politicians are all cowards and disgusting

The news of the meeting between the presidents of El Salvador and Argentina to discuss Bitcoin highlights a concerning trend of political leaders getting involved with cryptocurrencies for populist gains. While blockchain technology and cryptocurrencies offer significant innovations, it is crucial to exercise caution in the face of political intentions behind such initiatives.

The convergence of political leaders and Bitcoin may be seen as an attempt to capitalize on the enthusiasm surrounding cryptocurrencies for political gains, rather than a genuine approach to understanding and implementing emerging technologies. We caution against the possibility of politicians exploiting the topic as a tool for populism, diverting attention from more pressing and complex issues.

We urge people to critically examine the intentions behind these discussions and to stay informed about the real impacts and implications of proposed policies. The use of Bitcoin as a political rallying point requires careful consideration, as it may obscure the true challenges we face and undermine the positive potential that blockchain technology can offer when approached in a serious and informed manner.

Javier Milei's Success: A New Chapter Begins, Urging Prudence for the Road Ahead

I'm not even going to argue with you because you must be that person who has a pet politician

Considering the possibility of the Argentine President, Javier Milei, exploring the implementation of the Lightning Network in the country's economy, I see an exciting potential for technological advancements. I imagine this initiative could bring efficiency and innovation to the financial system. I'm curious to discuss this hypothesis and hear different perspectives. Who else is intrigued by this idea? 

The Potential of Lightning Network in Argentina's Economic Landscape 

Javier Milei's victory undoubtedly reflects the desire of a portion of the population for change and a different political approach. His stances may have resonated with voters seeking a more liberal economic management and a reduction in the role of the state.

However, it is crucial to exercise caution and be aware of the challenges associated with abrupt changes. Every political transformation requires a careful analysis of the long-term implications and a balanced approach to ensure stability and the well-being of society as a whole.

It's important to remember that no political leader can solve all of a nation's problems alone, and collaboration with different sectors of society is essential for the success of any government. Diversity of opinions and active citizen participation are crucial to ensuring that political decisions meet the needs and concerns of everyone.

So, while we celebrate Javier Milei's victory as a sign of change and renewal, it is crucial to maintain open dialogue, promote transparency, and ensure that adopted policies align with democratic principles and the interests of society at large. Caution and vigilance are key elements to ensure that the process of transformation is carried out responsibly and inclusively.

US senator starts accepting Bitcoin donations as he seeks reelection.

Ted Cruz, US senator, is yet another politician who is accepting donations in Bitcoin. Through his website it is possible to contribute to his campaign in dollars, bitcoins and other cryptocurrencies.

From the Republican party, the same as Donald Trump, Ted Cruz has already stated that the left hates Bitcoin because they cannot control it. At the time, Canada was freezing the bank accounts of truck drivers who were protesting against the government, which the American senator considered barbaric.



Politicians seeking to gain popularity by jumping on the Bitcoin bandwagon should be viewed with caution, as genuine support for decentralized finance must go beyond mere opportunism.(Fsociety)

An American Senator begins to accept Bitcoin donations while seeking reelection

Charlie Munger, vice president of Berkshire Hathaway, is concerned about the recent appreciation of Bitcoin, up 112% this year. In conversation with The Wall Street Journal, the billionaire called cryptocurrency “artificial money”, noting that it is not the evolution of money.

Known for being Warren Buffett's right-hand man, Munger is one of Bitcoin's biggest critics. As an example, he suggested that the US should follow in China's footsteps and ban cryptocurrencies.





Bitcoin represents financial freedom, challenging bankers and governments who resist its decentralized power. (Fsociety)

The Right Hand of Warren Buffett Concerned about Bitcoin's Valuation

Argentina may start mining Bitcoin, according to leader in the presidential race.

Sergio Massa, current Minister of Economy and leader of the presidential race, recently spoke with computer scientist Santiago Siri. At the time, Massa and Siri discussed the possibility of the government starting to mine bitcoin.

Siri highlights that Argentina could become a pro-Bitcoin country. Additionally, the government could use Vaca Muerta's surplus energy resources to mine bitcoin.

“We talked about bitcoin and cryptocurrencies with Santiago Siri, an Argentinian world reference on this topic with many ideas to contribute.”

Next, Siri highlighted that bitcoin is like a new gold of the 21st century, and that the Argentine government could use the cryptocurrency as a reserve asset:

“We had a positive meeting with the minister to study how Argentina could become a pro-Bitcoin Republic, where we can use, for example, Vaca Muerta gas to mine.

Bitcoin is like digital gold. We know that there are 21 million units and we cannot generate more. It is a very useful treasury asset and a long-term store of value, and Argentina could add it to the state's public accounts in a sovereign way.”



"Fight for freedom, equality, and autonomy. Challenge authoritarianism and seek alternatives that promote decentralization and justice. Be the change you want to see in the world." Fsociety

It's crazy how Bitcoin became a marketing tool for politicians, right?

Anarchism and Bitcoin are two ideas that, at first glance, may seem very different, but there is an interesting connection between them worth exploring. Anarchism is a political philosophy that seeks the absence of government and hierarchy, promoting individual autonomy and the self-regulation of society. On the other hand, Bitcoin is a decentralized cryptocurrency that operates outside the control of financial institutions and governments. Both share a vision of decentralization and freedom, albeit in different contexts.

Anarchism, in its various forms, has deep historical roots and a long tradition of opposing state oppression and centralized power. Anarchists believe in the ability of local communities to make decisions without government interference, with the belief that people can effectively self-govern their lives as long as there is mutual respect and a commitment to social justice.

Bitcoin, on the other hand, emerges in response to concerns about the traditional financial system and its reliance on centralized intermediaries, such as banks and governments. By using blockchain technology, Bitcoin enables peer-to-peer transactions that are transparent and immutable, meaning they do not depend on third parties to validate or process transactions. This gives users a significant degree of control over their own money and protects against manipulations by the conventional financial system.

Exploring the Nexus of Anarchism and Bitcoin: Decentralization and Freedom

It's understandable that many of us are perplexed by the support for politicians who, instead of representing the values of Bitcoin, seem to use it as a stepping stone for their own selfish agendas. This manipulation of the crypto community for political gains is deeply problematic and is not in line with the principles of Bitcoin, which are based on decentralization, freedom, and transparency.

Support for authoritarian politicians or any form of authoritarianism is a threat to our right to autonomy and freedom. We must remember that Bitcoin and cryptocurrencies are tools that can empower people and enable financial transactions free from state control. However, when politicians exploit this technology to consolidate their own power, they betray the trust of the crypto community and deviate from the ideals of freedom that many of us cherish.

Our responsibility as members of the community is to raise awareness about the true nature of Bitcoin and resist attempts at co-optation by opportunistic politicians. We must remain vigilant and critical of leaders seeking support through empty promises or the undue appropriation of our cause. The true power of Bitcoin lies in its ability to create a more equitable and decentralized financial system, and we must unite to preserve and promote these values.

Let us always remember that the struggle for freedom and justice is ongoing. Let's continue to question, educate, and stand up for the principles we believe in, rejecting opportunism and authoritarianism whenever we encounter them on our path.

Solidarity and resistance,

[Fsociety]

Resisting Opportunism: Defending the True Values of Bitcoin

President of El Salvador accused of embezzling money to promote Bitcoin

“The documents show that the government diverted most of the staff to finance its own needs, allocating US$425 million to ‘general State obligations’”, points out La Prensa, which helped with the investigations. “Of this amount, more than US$200 million was allocated to a pet project of El Salvador’s authoritarian leader, Bukele: transforming Bitcoin into the national currency.”

“It basically says that there is an agreement in El Salvador that no BCIE money could be used to finance any Bitcoin activity. So no, we don’t finance this”, commented Dante Mossi, president of BCIE.

Nayib Bukele, president of El Salvador, is being accused of diverting 200 million dollars to his strategy of converting Bitcoin into legal tender in his country.

Continuous Doubt: Unveiling the Deception of this Man

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In Nigeria, Bitcoin played a pivotal role in overcoming financial and political obstacles, initiating a financial revolution.

Nigeria faced significant challenges when it came to traditional financial access due to limited banking services, high fees, and restrictive regulations. Corruption was rampant, and people often struggled to conduct financial transactions securely and efficiently.

Bitcoin and other cryptocurrencies quickly gained popularity in Nigeria due to their accessibility and the ability to circumvent constraints of the traditional financial system. Nigerians started using Bitcoin for international transfers, purchasing goods and services, and safeguarding their savings from inflation.

In 2020, the Nigerian government took measures to restrict access to Bitcoin, prohibiting banks from facilitating cryptocurrency-related transactions. However, this did not deter Bitcoin adoption. Nigerians found creative ways to circumvent the bans, such as utilizing peer-to-peer markets and direct trading.

Bitcoin became a symbol of financial resilience in Nigeria, allowing individuals to control their own finances and conduct financial transactions more freely and securely in a challenging environment.

Bitcoin: A Financial Revolution in Nigeria

Purchases of Bitcoin are now 'Stamped' by IN 1888.

With the change in the Tax Information Exchange Agreement (CPI), it has been demonstrated that exchanges operating with pairs in Brazilian Reais (BRL) must provide IN 1888. As a result, a significant portion of Bitcoin transactions from 2019 onwards have the purchase origin recorded in the Federal Revenue's system.

As an accountant, I would like to inform you that when buying Bitcoin peer-to-peer (P2P) on Binance, they do not provide IN 1888.

However, when converting to fiat currency, the source of the value is verified.

The government is intensifying its efforts to combat tax evasion and is increasingly cross-referencing financial system information with the Income Tax records.

Therefore, if someone wishes to declare Bitcoin without it being associated with an IN 1888, especially for purchases exceeding 30,000 Brazilian Reais, the window of opportunity is narrowing. The year 2024 is the last chance to report it on your Income Tax return. Starting in 2025, you will need to provide proof of the origin of the acquired Bitcoins.

This origin will be increasingly traceable.

A Very Important Message for Our Friends in Brazil 🇧🇷

In late 2017, Venezuela was facing one of the world's worst economic crises and hyperinflation. The bolivar, the national currency, was rapidly losing value, and citizens were struggling to purchase food and basic goods.

In this challenging scenario, many Venezuelans began adopting Bitcoin as a means to protect their money and conduct transactions. Bitcoin offered a stable alternative to the collapsing bolivar, allowing people to purchase food and essential items.

People in Venezuela started mining Bitcoin and using cryptocurrency trading platforms to buy and sell the digital currency. This provided many Venezuelans with a way to gain some financial stability amidst the economic turmoil.

Moreover, Bitcoin was also used to receive humanitarian aid donations from abroad, enabling organizations and individuals to assist Venezuelans during difficult times.

Bitcoin's Lifesaving Role in Venezuela's Hyperinflation Struggle

In 2013, the revolution in Ukraine, known as Euromaidan, took place, where citizens protested against a corrupt and authoritarian government. During the protests, the national currency was experiencing hyperinflation, making it nearly worthless. Bank accounts were frozen, and there was a widespread fear that the government might seize protesters' financial assets.

In this uncertain environment, Bitcoin began to gain prominence as a way to preserve wealth and bypass financial restrictions. Euromaidan activists and other citizens started buying and using Bitcoin as a secure alternative. This allowed them to receive donations from abroad, trade, and safeguard their money from the devaluation of the national currency.

The global Bitcoin community also became involved, raising funds to support Ukrainian protesters in their struggle for freedom and democracy. Bitcoin became a symbol of resistance and a crucial tool to maintain financial autonomy during a turbulent period.

The Bitcoin Revolution: Empowering Change During Ukraine's Euromaidan

 Awakening the Financial Revolution with Bitcoin. Breaking Down Traditional Barriers with Technology and Digital Anarchy. Privacy is Freedom, Bitcoin is the Future. 