One small step for #Bitcoin, one giant leap for mankind.
Today, humanity takes a giant leap forward in promoting human freedoms, improving financial inclusion, and securing economic stability + economic opportunity for all.
Today, a developing nation is protecting against the monetary expansion from central banks and the spillover that large-scale printing of dollars has on the quality of its citizens lives by embracing a monetary system built upon a peer-to-peer network and digital signatures.
Today, a developing nation subscribes to a monetary policy defended by a distributed network.
One that cannot be altered by any central bank, government, or 3rd party.
An asset with an issuance rate known from day one and a fixed supply that was established before its launch.
Today, a developing nation seeks to promote financial inclusion by utilizing a monetary network that is open, global, inclusive to all, and only requires an internet connection.
A network that achieves instant, near-free, and trustless cash finality utilizing math.
Today, a developing nation benefits from an open network, and the network effects and economies of scale that come with it.
By plugging into the open system that is #Bitcoin, El Salvador has arguably more resources working on its monetary infrastructure than any other nation.
Today, we celebrate the innovative nature, strength, and resiliency of humanity.
Despite unforeseen obstacles and challenging times, we as tool builders continue to fight for the future and push the world in what we hope is the right direction.
Today I sent a remittance payment from my US bank account to a close friend born and raised in El Salvador.
The payment was settled instantly. There was no fee.
Using the #Bitcoin network under the hood, we were able to achieve cross-border, instant, free, cash finality.
My friend was then able to cash out at one of the many @chivowallet ATMs, walking away with cold hard cash.
With @Bitnob_official's Lightning Network integration, we now have free, instant, non-reversible remittances of any size to and from the United States, Nigeria, and Ghana.
$10 in my US bank account became spendable NGN for @bernard_parah in seconds.
Monetary history.
I didn't have to register the transfer through a financial intermediary such as @WesternUnion, request private banking details of @bernard_parah, or wait days for the payment to settle.
With @ln_strike, my US dollars are interoperable with the world's first open monetary network
.@bernard_parah didn't have to bus to a @WesternUnion to pick up the money, he didn't owe any intermediary a percentage of the transaction, the payment wasn't reversible and settled instantly.
He simply withdrew to his bank account and had spendable Naira in seconds.
The #Bitcoin community doesn't owe you anything. We fight for what's best for the world and to protect what is arguably the greatest creation in human history.
@elonmusk@EmperorBTC@CryptoWhale In fact, it's the Fed's monetary policy that has perverted risk tolerance across all assets and has put you into your position in the first place.
Your wealth has come from over marketing your brilliance to retail, smoking joints on podcasts, SNL skits, and so on.