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President of Central African Republic: Mathematics is the language of the universe, Bitcoin is the universal currency

April 30, 2022
Reading Time: 4 mins read
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mathematics
What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

After reporting that Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. is now legal tender in his country, the President of the Central African Republic expressed his support.
***

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Yesterday it was confirmed by the government itself that the Central African Republic (CAR) becomes the second country, after El Salvador, to become the first country, after El Salvador, to make the Bitcoin legal tender. The information was reaffirmed by the president’s own office. after days before legislation regulating cryptocurrencies had been enacted which had been interpreted differently by the media.

Asimismo, el propio presidente Faustin-Archange Touadéra acudió a Twitter ayer mismo para reforzar no solo su apoyo a Bitcoin, but to state his position on the mother cryptocurrency, comparing it, in its universal scope, to mathematics.

Dice así:

Mathematics is the language of the Universe. Bitcoin is the universal currency.

Mathematics is the #language of the Universe. #Bitcoin is universal money.

– Faustin-Archange Touadéra (@FA_Touadera) April 27, 2022

And, well, Bitcoin -is, moreover, essentially mathematics.

Su tweet with more than 7,600 “likes” so far, had all kinds of responses, from those who saw him as a madman, to those who ask for more support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for the price of the currency currency is a medium of exchange that defines value. to return to the heights.

The president also expressed his excitement at the number of positive responses to his announcement yesterday about the adoption of Bitcoin:

Giant names in the field of cryptocurrencies @cz_binance , @Dennis_Porter_ , @CoinMarketCap ,@TheMoonCarl, @Excellion ,@BTC_Archive, @BitcoinMagazine , @DocumentingBTC , @alistairmilne , @WatcherGuru , @corycliffstone ,@CryptoMichNL, @abati1990 announced our successful outcome! 1/2 pic.twitter.com/xa1B5FaAVi

– Faustin-Archange Touadéra (@FA_Touadera) April 27, 2022

To this tweet he added:

The fact that all of you have turned your attention towards us, encouraging and motivating us, but at the same time obliging us to continue our mission. Thank you very much!

It is worth noting that yesterday, for the avoidance of doubt, he published on a tweet the statement clarifying the scope of the crypto law:

We enacted the law in the hope that it would be an opportunity for the economic and technological development of the Central African Republic.

I am pleased with the attention that our bill, which was recently passed unanimously by the National Assembly, has received. https://t.co/svQrSSgA5a . We enacted the law in the hope that it would be an opportunity for the economic and technological development of the #RCA . pic.twitter.com/E33zyXMvpL

– Faustin-Archange Touadéra (@FA_Touadera) April 27, 2022

Other possible countries

According to a list he made CoinmarketCap, based on user surveys, other countries that could in the future adopt Bitcoin as legal tender are, in this order (according to the most voted):

1.- Paraguay

2.- Venezuela

3.- Anguilla

4.- Estados Unidos

5.- Panama

6.- India

7 Brazil

8.- Zimbabwe

Ukraine

10.- Ecuador

11.- Centroáfrica

12.- Mexico

13.- Turkey

14.- Argentina

It should be noted that this is a subjective list, based on the opinion of respondents to the survey of CoinMarketCap. As can be seen, in that survey, the Central African Republic appeared in 11th place. However, while some of the countries named may be close refers to the closing price; similar to the same term used in stock trading. to the decision to make the decision to do so. Bitcoin legal tender, others are a long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. way from making this a reality in the short a trading technique in which a trader borrows an asset in order to sell it, with the expectation that the price will continue to decline. In the event that the price does decline, the short seller will then buy the asset at this lower price in order to return it to the lender of the asset, making the difference in profit. or medium term.

Sources: Twitter, Finbold , CoinmarketCap , archivo

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