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UVic Bitcoin Club
@uvicbtc21m
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Learning, Educating and Networking Together @uvic #bitcoin Member of @BTCStudents network Nostr: [email protected]
Victoria, British Columbia
Joined February 2023
How much price increase in everyday goods and services have you experienced in 2024? Looking for everyone's perspective on real-world inflation rates. #Bitcoin
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#Bitcoin is winning even in the face of growing threats from CBDCs.
With India’s expanding CBDC development, the importance of #Bitcoin initiatives in India cannot be overstated. Here’s a look at the grassroots efforts pushing financial freedom forward in the country 🧵 @bitshala_org and @bitshala are fostering India’s next generation of Bitcoin developers. Aspiring developers can gain mentorship and hands-on experience contributing to Bitcoin Core and other open-source freedom tech. By strengthening Bitcoin development, Bitshala helps protect Indians' transactional freedom, even under increasing financial restrictions. Bitcoin educator @RunwithBitcoin is building an educational video series available in Hindi, Bengali, Marathi, and Gujarati — languages spoken by over 750 million Indians. It covers Bitcoin’s role as freedom money and teaches self-custody, crucial as India advances its CBDC. Tomatech, co-founded by @i5h1_, is training Bitcoin developers in Goa to advance Bitcoin infrastructure & FOSS projects. Through workshops, meetups, and hands-on training, Tomatech is building a strong open-source Bitcoin community in India, making the network more resilient. Finally, @Bitcoin4India is growing a grassroots Bitcoin movement across the country. With meetups in Mumbai, Pune, Delhi, Bangalore, Goa, and Raipur, and expansion plans for Chennai, Hyderabad, Coimbatore, Vadodara, and Cochin, it’s connecting and educating Bitcoiners nationwide. In just the last 3-4 months, 500+ people have attended Bitcoin4India meetups, strengthening peer-to-peer adoption and education. As India expands its CBDC, these initiatives ensure that Bitcoin remains a tool for financial freedom for ordinary citizens, nonprofits, and human rights defenders. If you're in India, get involved. The fight for sovereign and permissionless money begins with you.
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RT @zacguignard: With India’s expanding CBDC development, the importance of #Bitcoin initiatives in India cannot be overstated. Here’s a lo…
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RT @zacguignard: India is quickly becoming a leader in Central Bank Digital Currency (CBDC) development, and with it comes growing threats…
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RT @BtcVancity: Vancouver is hosting a #Bitcoin conference on August 16th & 17th at the Vancouver Convention Center. @learningbtc_ca is go…
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CBDCs = Govt. control Bitcoin = Financial Freedom
India is quickly becoming a leader in Central Bank Digital Currency (CBDC) development, and with it comes growing threats to individual financial privacy and freedom. Here's what you need to know 🧵 The Reserve Bank of India (RBI) recently partnered with fintech firms MobiKwik and Cred to expand the digital rupee (India’s CBDC) using existing payment infrastructure and financial institutions. This includes UPI (Unified Payments Interface), India’s government-owned real-time payment system, which already dominates the country's digital payment sector. With a combined user base of 180 million, Mobikwik and Cred, both integrated with UPI, will act as entry points for public access to the CBDC through the new “e₹ wallet” CBDC app. Why does this matter? Unlike Bitcoin, CBDCs aren’t neutral money — they are programmable, surveilled, and fully controlled by the state, allowing for transactions to be tracked, censored, frozen, or even confiscated at will. The new e₹ wallet mandates KYC video verification to transact — and while these requirements may seem routine, in a CBDC system, they remove the option of financial anonymity altogether. The new e₹ wallet imposes strict limits on citizens: 💠₹10,000 per transaction ($115) 💠₹50,000 daily cap ($577) 💠Mandatory video KYC 💠Integration with UPI for tracking every payment This isn’t just technical decisions. It’s a policy decision that centralizes financial power and strips away users' transactional freedom and privacy when engaging with India’s monetary system. India is already the global leader in digital transactions. In 2022, 46% of all real-time global digital payments happened in India. Further, the digital rupee CBDC peaked at 1 million retail transactions in 2023. Luckily, it has tapered off since. Thus, it's critical to understand that the RBI isn’t just rolling out a CBDC — it’s embedding it into the country's dominant payments infrastructure (UPI), easing in new users and making opting out increasingly difficult. This all comes as part of India’s stated goal of achieving a cashless economy. Exemplifying this, in 2016, India tried to reduce the use of cash in its economy by demonetizing, overnight, two of its most widely used bank notes. Further, India plans to export its digital payments model to 20 countries by 2028, integrating UPI internationally. A government-controlled payments network with built-in surveillance powers is a blueprint for financial repression on a global scale. It has become abundantly clear that CBDCs give governments unprecedented control over individuals' financial activity, such as the ability to freeze or restrict funds instantly, the imposition of negative interest rates, expiry dates on savings, and selective access based on political or social behavior. Already, India has demonstrated its willingness to take financially repressive measures to suppress political opposition. In the lead up to the 2024 election, the Indian government, led by Prime Minister Narendra Modi, froze the bank accounts of its largest political opposition, the Indian National Congress (INC), citing alleged tax violations and leaving the party financially paralyzed mere weeks before the upcoming election. India has a population of over 1.4 billion, and while the CBDC is still in its pilot phase, its rollout is accelerating dramatically. Do you want to live in a world where access to your own money depends on government approval? The writing is on the wall: If India continues this trajectory, financial freedom will be increasingly under threat for billions of people. #Bitcoin remains one of the few tools left for true financial freedom. The question remains — will Indians be able to use it freely?
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RT @learningbtc_ca: #Bitcoin education is a necessary precursor to adoption. Join us as we break down Bitcoin knowledge into bit-sized twe…
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RT @learningbtc_ca: 📖 Learning #Bitcoin Daily Fact #2 Bitcoin's first-ever block, the Genesis Block, was mined by Satoshi Nakamoto on Janu…
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RT @zacguignard: I am old enough to remember the days of #Bitcoin Twitter when we focused on: Grassroots education Taking down the governm…
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RT @PubKey: Coming up on Thursday, March 6th! 📣 HRF x PubKey #FreedomTech Series presents: How #Bitcoin Brings About Social Change with Ja…
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RT @zacguignard: Excited to join @cjasonmaier at @PubKey for the next HRF Freedom Tech Series. His book, A Progressive's Case for Bitcoin,…
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RT @zacguignard: Proponents of the current financial system need only to look beyond their own borders to see the colossal failure it has b…
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RT @zacguignard: GM friends! Financial Freedom Report #59 is live and covers Lukashenko's fraudulent reelection in Belarus, the severity o…
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RT @w_s_bitcoin: For the first time ever in Bitcoin's 16 year history, the epoch-over-epoch (EOE) growth has fallen below +100%. Pack it up…
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RT @zacguignard: "It's liabilities all the way down." -Lyn Alden on the modern financial system.
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RT @zacguignard: The Strategic #Bitcoin Reserve (SBR) is quickly becoming the Strategic Shitcoin Reserve (SSR), which is neither strategic…
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RT @zacguignard: The latest Financial Freedom Report is live, exposing authoritarian regimes tightening their grip over privacy, online act…
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A powerful lesson about personal responsibility in #Bitcoin. Every oversight has a cost. Always: - Back up your keys - Use a password manager - Follow security best practices No shortcuts in self-custody.
Sharing my Lesson of personal responsibility. I just lost over 300 ,000 sats because of a single oversight: did not store my password in my password manager! I have restarted my @umbrel home thus I need my password login to my @getAlby hub, which I did not save and I did not have backup of any wallet private keys. This 0.003 #Bitcoin will a lot of money down the road. Be a reasonable Bitcoiner and do thing the right way, no short cut. Hope everyone can learn from this lesson and be more responsibility.
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RT @zacguignard: A year ago, I joined @BTCsessions on "Why Are We Bullish" to share my excitement and thoughts on #Bitcoin and GenZ. Toda…
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RT @zacguignard: Happy Birthday #Bitcoin 🧡 16 years ago, today, Satoshi Nakamoto mined the Bitcoin genesis block, unleashing a wave of fin…
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