Given that the incoming U.S. President, Vice President and Republican-led House and Senate are all aligned on implementation of a #Bitcoin Strategic Reserve for the U.S., it is imperative that the Government of Canada act fast in developing Canada’s #BTC Strategic Reserve plan.
This is not hypothetical. Legislation to establish a U.S. Bitcoin Strategic Reserve has already been tabled in Congress by Senator Cynthia Lummis (R - Wyoming) and will likely be fast-tracked in the next session of Congress, pending re-draft and/or amendments.
LINK: https://www.lummis.senate.gov/press-releases/lummis-introduces-strategic-bitcoin-reserve-legislation
The lead of the United States in establishing a Bitcoin Strategic Reserve for the U.S., following the lead of #ElSalbador, will set in motion a race among countries globally to ensure a national store of #BTC, much like countries have historically stored reserves of gold. Canada must not get left behind.
The Canadian Government and all political parties must accelerate development of Canada’s #Bitcoin Strategic Reserve plan and supportive federal policy that will make Canada one of the best countries for adoption and use of Bitcoin.
For more reading and insight on the importance of a Bitcoin Strategic Reserve, please see this excellent research report developed in the U.S. by our colleagues at @Bitcoin Policy Institute / @btcpolicyorg (RSS Feed... a multi-disciplinary U.S. research and policy institute.
LINK: https://www.btcpolicy.org/articles/digital-gold-evaluating-a-strategic-bitcoin-reserve-for-the-united-states
#press #cdnpoli #cdnecon
Happy #BitcoinWhitePaperDay! It was a very positive step forward for #Bitcoin education in Canada on this day, last year, when Canadian Member of Parliament, Joel Lightbound (a member of the governing Liberal Party, no less) made these remarks in Parliament. A small step forward. Our work continues.
https://video.nostr.build/efa371057ba88e8bdfefd584af2deda10435a757af2003ce9a53874a826c69d1.mp4
As we near #BitcoinWhitePaperDay, we were honoured today to *officially* introduce Canadian Members of Parliament to @BitcoinCoalitionCA. We look forward to actively engaging MPs and staff from all federal political parties over the months ahead, helping them better understand the diverse social, economic and environmental benefits of #Bitcoin #BTC.
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We want to make sure we’re connected to as many Canadians on #nostr as possible. If we’re not following you, please let us know. We appreciate your follows as well, to help expand visibility and reach for the #Bitcoin mission in Canada. Thanks!
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Everything continues to become less expensive over time when measured in #Bitcoin #BTC. Protect your future, accelerate your goals. Save in Bitcoin. Study Bitcoin.
🔗 bitcoincoalition.ca/why-bitcoin%3F
🔗 bitcoincoalition.ca/educational-re…
#cdnecon #FIRE #investing
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A new, peer-reviewed study by University of Toronto researcher and behavioural scientist, Stefano Di Domenico PhD, finds that people who own #Bitcoin tend to:
📈 score very high in financial literacy
🧡 be intellectually curious, and emotionally stable
🌎 value personal growth, relationships, community
The new study will be published soon: https://osf.io/yntduhttps://m.primal.net/ISrh.jpg
Instead, dear Canadian investor, ask yourself "does Edward Jones help?". Another case of financial advisors blocking their fee-paying customers from benefitting from #Bitcoin #BTC -- the best performing asset of the past15 years.
#cdnecon #investing #AskAPlanner #itpaystoknow
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Everything is getting less expensive over time when measured in #BTC. The cost of housing in Canada has been continuously outpacing the growth in income. However, savings placed in #Bitcoin are a cheat code for saving and increasing purchasing power. What are your 4-plus year financial goals? Bitcoin should be a key part of your strategy! #cdnpoli #cdnecon
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#Bitcoin #BTC is revolutionizing global remittances. Faster, cheaper, safer, more accessible.
https://www.youtube.com/watch?v=Nzv-J8dxDzU
🇨🇦⚡️🇸🇻
🇨🇦⚡️🇮🇳
🇨🇦⚡️🇵🇭
🇨🇦⚡️🇳🇬
🇨🇦⚡️🇧🇷
🇨🇦⚡️🇯🇲
…and so so many more!
The Government of Kenya gets it!
https://x.com/marathondh/status/1794026499743568037?s=46&t=wq0GoOCdXxA5DblxlsJJng
The Governments of Ethiopia, Paraguay, El Salvador and other governments are getting it too. Kudos to them all! So why haven't Canada's federal, provincial and municipal govts gotten it yet?
Across #Canada, abundant energy sources (hydro, wind, escaped methane, flared gas) are going unused. We are squandering the opportunity to increase renewable energy, stabilize grids, and boost our economy.
By not harnessing and mitigating escaped methane (eg, landfills) and flared gas (eg, oil fields) we are also squandering our chance to take more immediate and meaningful #climateaction.
The missing ingredient for all of this is an energy demand source that can:
a. purchase energy and monetize generation
b. turn on/off, on-demand (intermittent demand)
c. locate anywhere
The thing is, for the first time in history we have this ingredient! #Bitcoin data centres (often referred to as mining centres) meet all of the requirements.
That's why governments and partners around the world are turning to #Bitcoin data/mining centres as triple bottom line solutions: fix energy, tackle climate change, boost the economy.
Canada has abundant space and natural resources. We can leverage these in service of our climate action goals AND create new jobs, bolster our energy grids, and boost our economy.
Harnessing the unprecedented triple bottom line benefits of #Bitcoin data/mining centres is a conversation that must be prioritized by all levels of government in Canada.
The additional benefit of harnessing #Bitcoin data/mining centres for Canada is that this also contributes to a global network that is advancing financial inclusion, human rights, and climate action globally.
Resources:
🔗 bitcoincoalition.ca/bitcoin-mining
🔗 https://bitcoincoalition.ca/why-bitcoin%3F
Like salons and coffeehouses during the Enlightenment, local #Bitcoin meet-ups around the world today bring people together for learning and discussion about one of the defining features of our current age: Bitcoin, the technology, the network, and the money (#BTC). Connect with a local Bitcoin meet-up across Canada: https://bitcoincoalition.ca/local-meet-ups-%26-groups
Are you interested in starting a new local #Bitcoin meet-up in your area? Need some help? Reach out to us here or by filling in the simple form at: https://bitcoincoalition.ca/get-involved-with-bcc
All Canadians need access to a local meet-up. If you are willing to play a role, we can help! 🙏🧡
Wonderful to hear positive remarks from Canadian Member of Parliament, Joel Lightbound, at the Canadian Bitcoin Conference today in Montreal. “I believe everyone should study #Bitcoin, learn what it is and how it works. It is here, it is not going anywhere, and I believe is has many positive advantages”. #cdnpoli
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Make sure to watch and share this powerful documentary by @kineticfinance and @isabella featuring the inspiring work being done in #Peru by MOTIV Peru to bring hope and opportunity through local #Bitcoin circular economies. Meet the producers this week at the 2024 Canadian Bitcoin Conference in Montreal.
https://youtu.be/4hWMHLF-OEg?si=jjVWhnWBepUmw2NA
We want to help you help your friends, family and colleagues. Our "Educational Resources" section contains links to some fantastic self-directed #Bitcoin educational resources:
🟢 @LookingGlassEDU
🟢 Welcome to Bitcoin via @Swan and Natalie Brunell
🟢 @miprimerbitcoin
Direct your friends, family, colleagues to: https://bitcoincoalition.ca/educational-resources
More and more countries around the world are following Canada’s lead and approving spot #Bitcoin ETFs.
First 🇩🇪🇧🇷🇱🇮 and then 🇺🇸 and 🇭🇰 (🇨🇳). Next up are 🇦🇺 and 🇰🇷. Then…
Let’s pick up the pace and do more to make 🇨🇦 the best place for Bitcoin and a bright future for all.
https://x.com/bitcoinmagazine/status/1787788979091239348?s=46&t=wq0GoOCdXxA5DblxlsJJng
Why #Bitcoin #BTC ?
✅ For Financial Inclusion
✅ For Social Impact
✅ For Human Rights
✅ For the Environment
✅ For Economic Development
✅ For Savings
✅ For Stronger Businesses
http://bitcoincoalition.ca/why-bitcoin%3F
Welcome to #Bitcoin Epoch 5. Here’s to building a better world from here until the next #BitcoinHalving at block 1,050,000
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Tune into the world premiere of “The Legendary Treasure of Satoshi Nakamoto” TONIGHT.
Narrated by and based on an article by Canadian #Bitcoin philosopher, @TomerStrolight.
🗓️ April 19
⏰ 8:30pm ET / 5:30pm PT
🎥 https://youtu.be/iIWViimqRMU?si=I9msvGChbTR-t3W-
We’re officially less than 200 blocks away from the #BitcoinHalving! You tuned in for the solar eclipse, you take an interest in Bank of Canada interest rate announcements, you tune in for the Olympics. If you don’t already know, then take some time to learn why you should care about this rare #Bitcoin event.
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⏰ We're now just ~4 days away from one of the most significant global economic and human development events of 2024: the #BitcoinHalving.
The Bitcoin halving takes place every ~4 years, programmed to occur every 210,000 blocks of #BTC that are "hashed" via the #Bitcoin network. The next halving (the 4th since Bitcoin's launch in 2009) will occur at block 840,000. We are now just over 600 blocks away.
The #BitcoinHalving occurs roughly (not precisely) every 4 yrs. Why? Because it takes roughly that long for 210,000 blocks of #BTC to be hashed. That frequency is calibrated by another function of the #Bitcoin open-source software/protocol called the "difficulty adjustment".
So why is the #Bitcoin halving such a big deal? What's so important about THIS halving? At each halving, the supply of new #BTC rewarded per block gets cut by 50%. Among other things, BTC officially becomes more scarce and a harder money/asset than #gold as of this halving.
#Bitcoin #BTC is gradually replacing #gold as a store of value and a currency for day-to-day living around the world. This is bringing greater human flourishing globally and reducing our harsh impact on the environment. The #BitcoinHalving accelerates this positive process!
When we reach #Bitcoin block 840,000 on ~Apr 19th, 93.75% of the #BTC that will EVER exist will have been mined and in circulation. The remaining 6.25% will be released into supply gradually until the year 2140. BTC is programmed to gain value and purchasing power over time.
#Bitcoin is the world's largest, decentralized computing network & open-source software. The global money that is produced & transacted over this network (#BTC) has a fixed total supply (21 Million) and a fixed issuance supply/schedule. BTC is money with "rules, not rulers”.
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UPDATE 4/14/2024
We’re now less than 750 blocks from the #BitcoinHalving which now looks as though it will take late at night on April 19, for those of us in the Western Hemisphere. Study #Bitcoin and learn why you should join this global movement for better money (#BTC) and a better world! #cdnecon #cdnpoli
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Hello #Nostr and #Bitcoin world. We hope you will follow us, the Bitcoin Coalition of Canada. We’re on a mission to make Canada one of the best places in the world for Bitcoin and Bitcoiners. It’s a journey, but we have cause for hope. We appreciate your support in the way of a follow and helping us raise visibility. 🙏🇨🇦
We're about 8 days away from one of the most significant global economic and development events of 2024: the #BitcoinHalving.
The Bitcoin halving takes place every ~4 years, programmed to occur every 210,000 blocks of #BTC that are "mined" via the #Bitcoin network. The next halving (the 4th since Bitcoin's launch in 2009) will occur at block 840,000 which will be reached on April 19 or 20.
It occurs roughly (not precisely) every 4 years. Why? Because it takes roughly that long for 210,000 blocks of #BTC to be mined. That frequency is calibrated by another function of the #Bitcoin open-source software/protocol called the "difficulty adjustment".
So why is the #Bitcoin halving such a big deal and what's so important about THIS halving?
At each halving, the supply of new #BTC rewarded per block gets cut by 50%. This time, at block 840,000 BTC officially becomes more scarce and a harder money/asset than #gold.
Right now, #Bitcoin has a slightly higher "stock-to-flow" than gold (ie, current supply in circulation divided by new supply). However, unlike gold whose supply increases steadily over time, the supply of new #BTC is programmed to DECREASE over time (by 50% at each halving).
When we reach #Bitcoin block 840,000 next week, 93.75% of the #BTC that will EVER exist will have been mined and in circulation. The remaining 6.25% will be released into supply gradually until the year 2140. BTC is programmed to gain value and purchasing power over time.
#Bitcoin is the world's largest, decentralized computing network & open-source software. The global money that is produced & transacted over this network (#BTC) has a fixed total supply (21 Million) and a fixed issuance supply/schedule. BTC is money with "rules, not rulers".
Yeah, but #Bitcoin doesn't really have any use cases, right? WRONG. Around the world #BTC is fast becoming a preferred tool and form of money for every day use.
Exhibit A: Bitcoin Circular
Economies taking shape around the world - http://www.fbce.io
Exhibit B: Alex @gladstein interview on @WhatBitcoinDid outlining global use cases - https://youtu.be/TI3Xcei8d_I?si=oSmVgXgRz2gduddI
The important social, political and economic value of #Bitcoin #BTC was also covered in depth during the recent 2024 Bitcoin Policy Summit in Washington D.C. Speakers included Members of U.S. Congress, academics, researchers, industry leaders, and others. Visit: https://www.youtube.com/live/DJeFYsk675k?si=ReKSdWnP0p3vbqXChttps://m.primal.net/HtzE.jpghttps://m.primal.net/HtzF.pnghttps://m.primal.net/HtzG.jpghttps://m.primal.net/HtzH.jpg
The price of #BTC is at CAD $0.07M (million) and will eventually reach $1.0M. This may take months or could tale a few years, but it will. If you haven't already begun, when will you get on board the #Bitcoin movement?
✅$1.0M
✅$0.9M
✅$0.8M
✅$0.7M
✅$0.6M
✅$0.5M
✅$0.4M
✅$0.3M
✅$0.2M
✅$0.1M
✅$0.09M
✅$0.08M
✅$0.07M
❌$0.06M
❌$0.05M
❌$0.04M
❌$0.03M
❌$0.02M
❌$0.01M
We need your support to keep the Bitcoin Coalition of Canada moving forward. With an upcoming federal election in Canada 🇨🇦 by 2025, we need to grow the network of Bitcoiners across Canada and shape the political/policy narrative about #Bitcoin.
Donations received through our Geyser campaign (link below) support our core operational costs as we build our longer term strategy and resource mobilization.
https://geyser.fund/project/bitcoincoalition
If you are a Canadian #Bitcoin er and we're not yet following you on #nostr please let us know! Whether you live in Canada or abroad, we want to make sure we follow and boost all Canadian Bitcoiners.
Have you visited our website yet? Find us at www.bitcoincoalition.ca
Find updates about our vision for 2024 and beyond. Find info about local #Bitcoin communities across Canada, and more. Lots more to come over the months ahead!
🇨🇦⚡️🇨🇦⚡️🇨🇦⚡️🇨🇦⚡️🇨🇦
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