Cooking sats
Civitas Libertas
Joined February 2025
- Tweets4.8K
- Following384
- Followers219
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The $94M figure counts ~1,780 BTC added after Dec 2024 as taxpayer purchases at ~$90k, funded at 7.2%. The IMF says those came from wallet consolidation and, since Jun 2025, private donations. Meanwhile ~2,800 BTC are excluded for the same reasons. That’s a double standard.
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El Salvador's government debt to GDP is 85%. Their government borrows USD at 7-8.5% per year (expensive) - due to weak credit rating on par with Pakistan, Egypt and various African countries.
Considering this - their bitcoin investment has been terrible. Should have bought Gold like other smart EM central banks (Poland, Kazakhstan, Uzbekistan). But good that no other central banks were foolish enough to copy El Salvador.
Highly indebted poor people should not be investing. They should prioritize building skills and income stream. Same for poor countries - El Salvador is 32% poorer than Ukraine on per capita basis in PPP.
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The BTC cost is ~0.4% of public debt, and debt peaked at 95% of GDP in 2020, before bitcoin. Judging the strategy on the day BTC is 41% below its ATH is choosing a snapshot, not doing analysis, Jason.
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Remember the Wasabi Vision.
github.com/orgs/WalletWasabi…
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The Maurovlachs of Croatia and the Romanians.
Sources:
Charles du Fresne (1610–1688), Illyricum vetus et novum
Wojciech Sajkowski, “A Portrayal of the Peoples of the Balkan Adriatic Coast in Enlightenment-Era France”
🇷🇴Romanians from Maramureș - DNA Distance Heatmap
Closer to Serbs and Moldavians to Wallachians. Closest to Transylvanians.
max distance = 0.05
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Friday retweeted
Polish Govt cover up revealed. Shooter was Tusk associated pro EU movement activist.
Polish shooter was activist for liberal movement that Donald Tusk led. And his posting revealsANTIFa/Left Catholic hating views. Not far right, socialist, Marxist ANTIFA leanings.
The Civic Platform, a centre-liberal pro EU political party in Poland whose most prominent leader was Donald Tusk who served as party chairman between 2003–2014 and 2021–2025.
Friday retweeted
Romania is gifted. It has tripled productivity over the past two decades and has some remarkable strengths: technical talent, energy resources & more.
If Europe were a family, Romania and Poland would be two of its most dynamic members. These countries deserve more attention, says @Mariekeconomie.
The Cyber Pandemic.
The current wave of cyberattacks, increasingly fueled by AI, could become the perfect pretext for measures presented as “for our own safety.”
“Security” will come at the cost of our freedoms, online and offline.
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Peter Schiff spent over a decade criticizing Bitcoin, only for his bank’s liquidation to expose the very risks of the regulated banking system, counterparty risk and state intervention, that Bitcoin aims to eliminate.
Nice QED, Peter!
The liquidation of my bank by Puerto Rican banking regulators has been a complete disaster. First, the OCIF Commissioner had no legitimate regulatory reason to put the bank into receivership, as none of the customers' accounts were at risk, and superior alternatives were available that would have fully protected customers and allowed uninterrupted access to their deposits.
But after almost 4.5 years of complete incompetence and regulatory failure, very few customers have received anything, most will eventually receive only a fraction of what they are owed, and many may end up losing 100% of the value of their accounts due to gross negligence and outright theft. This is a perfect example of the utter failure of government and why the biggest threats to our property come from the public, not the private sector.
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Friday retweeted
Tough question to ask, and undoubtedly in the mind of many open source developers.
And it is a question that will need to be asked again as everything keep changing.
blog.nicolas-dorier.com/post…
Friday retweeted
Bomba atomowa w Paragwaju!
W nocy Bank Centralny rozwiązał największy bank kraju - Ueno bank. Konto w kim miało 65% dorosłych Paragwajczyków.
Dzisiaj miliony osób obudziło się bez dostępu do konta, bez możliwości płacenia, etc. Dziesiątki tysięcy firm podobnie.
Paragwaj ma bardzo wysoki fundusz gwarancyjny (jak na LatAm), depozyty mają być chronione do około 38.000 USD. Wypłata wszystkich zabezpieczeń wobec klientów Ueno skonsumowało by niemal całość środków funduszu. Przed nami wielki test Paragwaju jako państwa...
Osobiście dodam, że miałem około 25 tysięcy USD kapitału obrotowego, więc będę przyglądał się temu z bliska 😅
Comunicado de prensa | Banco Central inicia el procedimiento de resolución de ueno bank
Más información: acortar.link/KF5NK8
