Topic: Bitcoiner running for President in Suriname - page 3. (Read 739 times)

I don't think she would be able to do something outstanding - after all, she is a politician.
And they can say many beautiful things, however, they may not be fulfilled in the end.
We should be able to see the results of her deeds in the future.

Honestly, I’m all for it! If Maya brings a Bitcoin Standard to Suriname, it could be a game-changer for the region. BTC gives freedom from central banks, and developing countries stand to gain a lot. But, yeah, there’ll definitely be political pushback.

P.S. Gotta watch how other countries react to this 

I do not think that it's a trend. It just so happens that we're in the Bitcoin community and squeezes every single possibility that a candidate that's running for president or any public office knows or likes Bitcoin.

With that, we believe that they're already supporters of it even it's just a word of mouth.

And with these politicians, they're up for any movement that they can gather votes so they'd say good things about them to get the sympathy and guaranteed votes that they need to win.

This is the biggest thing because all countries have presidents, the government of the country I live in does not hold bitcoins. Suriname thanks him a lot because he got the opportunity to hold bitcoin, many governments get the opportunity to hold bitcoin but they don't hold it they are unfortunate.
But the governments of many small countries have held Bitcoin, such as Bhutan, El Salvador, Argentina, all these countries are holding Bitcoin. Especially those who are lucky enough to be holding bitcoins, and thank those who are trying hard enough to hold bitcoins, may they be successful.

He won't close it, the Central Bank of Argentina has also other functions than to "print money". There is only one relatively large country without central bank (Panama). However, Panama has a quite special history as it never had a central bank and was part of Colombia until 1904, and when it became independent it already introduced the US dollar.

For Suriname, I guess the plan could be more realistic. Suriname seems to have had problems regarding its currency stability in the recent past, like a overly tightly controlled forex market. So I can imagine her proposals become popular.

This is also interesting, according to Bitcoin Mag:

It's not really a shutdown because the structure persists, it only is being re-organized and renamed, some people were fired. The tax agency now will be called ARCA (before it was AFIP). This is completely okay but more of a "cosmetic" change.

This is also misleading, because the 256,9% increase is in nominal terms in Argentine Pesos and inflation was even higher (close to 300%).

Many people from the Bitcoin community tend to idealize Milei. But until now his results have been mixed, I'd not call his presidency neither "good" nor "bad".

The rent prices decrease is really an achievement because the regulation before was overly burocratic, and in other areas he's also reducing bureaucracy which is a good thing. But his measures regarding exchange market policy and de-regulation had also a cost: >3% recession, increasing unemployment, and poverty has skyrocketed to over 50% (it was 35-45% in the pandemic and post-pandemic years). Yes, that's what a "shock therapy" always looks like and his voters knew that. The challenge is however to solve Argentina's economic problems (low productivity, incomplete industrial structure with many dependencies from external suppliers) in the long term, and I have some feeling that his measures can only calm some short term imbalances. Let's see.

I just saw her tweets, and she is openly calling others corrupt politicians, like if there are really corrupt politicians in the system, then by running the only campaign of accepting and promoting BTC is not going to help her win the election, she needs more than that. I am glad someone has already donated that much money to her.

She totally wants to eliminate the central bank, unlike El-Salvador she wants to adopt BTC fully and even wants to eliminate their own national currency. That's bold, and IMO she won't make it happen. But I hope she succeeds and her motives as well, and the country's economy will increase, but now is not the time really I mean, if she had started this campaign in a bear market and somehow succeeded then till now the economy would be growing too, but I don't think she is planning to follow in the El-Salvador's footsteps, like they bought BTC at around $50k to $60k.

This is a great first step for him in running for office but we also need to see how his country accepts bitcoin before that so that important points can be pursued when campaigning.

I welcome the idea but running a country is not an easy matter and it takes the best skills for anyone running for president. Furthermore, the journey of bitcoin will improve when a political figure starts to echo bitcoin and this will achieve wider adoption for the community when political figures start to dare to be open.

The next step can be seen when he is elected, whether the campaign involving bitcoin is just a strategy to achieve victory or he wants to make some rules for bitcoin so that it can grow more in the country.

When we are talking about bitcoiners i think politicians should not be included in that picture because most of them are just using bitcoin as a campaign strategy to gain public influence because they now know that bitcoin is becoming more popular and a topic of discussion almost all day so they are literally trying to follow the trend and achieve being elected into public offices. We should understand that bitcoin doesn't align with the government mode of operations in the financial system due to it's decentralized nature so i see most politicians using bitcoin as a campaign strategy as people who are not being true to themselves. It's high time we stopped making it a topic of discussion when we know that most of them have ulterior motives so it shouldn't be called a trend in the first place. Politicians are unstable people and if you always follow news about them you are likely to be mislead and i see nothing exciting about them picking interest in bitcoin.

Most politicians just say what people would love to hear and things that would make them sound cool among the voters, but if you look at what they say, they're unrealistic.
I'm seeing things like "eliminating the central bank" and "adopting Bitcoin as a national currency," which isn't even in her power to do even if she really wants to.
First, what is a country without a central bank? How will a country's fiscal and monetary policy like that work? Have they thought this through?

I think it's high time voters start asking the right questions of their candidate, instead of just blinding supporting them because they're of the same party.
How exactly is she going to do this? Everybody would love reduced taxes, but let's not get ahead of ourselves. And privatize public services? When has that ever been a good idea? I can just go about her points all day. A lot of them are something else.

As a bitcoin investor, I personally support what Maya is doing. However, in my personal opinion, Maya's vision and mission are too extreme. Because, I once read that one of her visions and missions is to eliminate the central bank from Suriname. In my opinion, this vision is very difficult to do and even if it can be done, it will definitely take a very long time to actually materialize. Because, for example, a country that has legalized bitcoin as a currency, namely El Salvador, has not eliminated its central bank in its country. Because after all, eliminating a central bank is certainly not an easy thing. Because if this is done in a country, it will certainly be very difficult to rebuild its financial system, even using bitcoin. Because even though I also agree that bitcoin is a really great currency with the system in it. But still if in a country only bitcoin is used as currency (without other currencies). I think it will definitely be very difficult to run smoothly. Because bitcoin is digital, so to be able to implement bitcoin as a currency there are many things that really have to be done. Like there must be a bitcoin ATM machine in every corner of the country. In addition, there are still many other things that need to be done. In addition, the community must also adapt well. In addition, it is certain that there are people in Suriname who are against it. So in essence, the vision of fixing a country based on bitcoin is certainly not an easy thing. But even so, I support the vision put forward by Maya. Because it will certainly make bitcoin more widely known by people.

When seeing her X profile we can really see that she's been heavily supported by Bitcoin users. She is also proactive towards promoting bitcoin in their country so this is good towards starting up some good adoption in their country since if they people would provably decide to elect pro bitcoin politician then for sure that there's something good future will happen to their country. Looking at her profile its like he's really into bitcoin and to many people donate to campaign here presidency.

Hopefully we can see those Pro bitcoin candidate win since this would be truly helpful to the ecosystem. Now Suriname is in the radar of bitcoin users in the world and monitoring the result of their upcoming election.

It is not practical for BTC to be the only currency in a country, not just in Suriname, even in El Salvador that BTC is a legal tender, it is not the only currency, neither is it even the major currency because people over there do not even use BTC.

I am pro BTC, but we have to admit that Satoshi created it to be an alternative currency, so her ideas of eliminating the central bank and making BTC their currency is not practical, it cannot work, not to mention that she talks about 'BTC bonds'.

I hope for that politician to use BTC to its fullest potential, however, she would really need another currency to get it to be used daily if that's what she envisions.
I hope she understands this and many other intricacies too 

I rarely see any post related to election other than the US so it is quite interesting, I am not really following political dynamic in Suriname, so I won't have much comment for the candidate, however while the idea of adopting Bitcoin as a national currency, as inspired by El Salvador, sounds great, it does come with many significant challenges. Suriname has struggled to keep inflation under control-the current rate is almost 60%, so the push from Maya could seem like a potential solution that would stabilize the economy by limiting the government's ability to print more money.

But we also have to consider the risks, the volatility of Bitcoin may make it impracticable for everyday transactions, with Suriname largely still at its beginnings in terms of the financial infrastructure. In addition, there are issues of access, if one does not have access to the internet or is unfamiliar with digital currencies, many would automatically be shut out. But while Bitcoin is revolutionary, it is very important to weigh the two sides of the scale. Its application in Suriname may shield it from inflationary pressures or boomerang if the infrastructure of the small country is not prepared enough for instability within crypto markets.

All that being said, any effort to make Bitcoin adoption in any country is a good progress, both for Bitcoin and the country, they just need to it with great caution and carefully.

Yeah, she would need something different for such purchases, you are right.

Openly supporting Bitcoin doesn't make one a good leader.
The first time I heard about Suriname was from a Korean TV series Narco Saint.
And it showed how poor the economy of the country was and they recently just became the 175th member of the World Bank international development scheme.

"Bitcoiner first and politician second",eliminating the Central Bank, These are all bull crap
What's the Government without the Central Bank. 

  Good luck with buying Groceries(micro transactions)  with Bitcoin current level of scalabilty.

Truly, I thought about this too.
And also after reading the last post where her points were expressed, they are not - that - bad in terms of whether they can be achieved for real, however, many of them can be swiped off as a person becomes a president.
I hope that most of her good ideas will come to fruition. That would be great.

She was already a Bitcoin maximalist before running for president, so you could say she really has the vision to make it happen. But honestly, I don’t think everything on her list is actually doable, and it’s pretty unlikely some of it will happen even if she wins.

https://geyser.fund/project/maya2025
Maya's Vision

There’s no way she can completely get rid of it, but easing the regulations --that's probably the best move. At least it would give Bitcoin some positive attention over the central bank.
It's doable, especially since two countries have already made it happen.

It’s a solid idea, and she can definitely pull it off. By talking about "free currency competition," it’s still about crypto, just including altcoins too.

I don’t think this is a good idea. Honestly, there’s nothing wrong with raising taxes as long as citizens actually benefit from it. Privatizing public services, especially if they use public resources, just pushes capitalism-- and sometimes, that’s not great for the country. The money people spend won’t come back to the country, especially if the investors are foreign capitalists. Sure, she could do it, but I’m not a fan of the idea. Usually, when things get privatized, fees go up, which just ties back to my point previously mentioned.

I’m all in on these four ideas.

One has to be familiar with the political structure of the said country and its politicians to give a good answer. I don't think anybody around here is. But at the same time what we discussed here about the US and the running Trump scam can apply here as well. The politicians who run for the office will tell the voters whatever that can get them more votes. If I had to guess based on here "vision", I'd say that is exactly what's happening here as well. Crazy ideas and empty impossible promises just to raise funds and get the vote.

It is easy to make Bitcoin Legal Tender in a country, easy here means easier than making Bitcoin Standard practice successfully in that nation. We can see El Salvador, a first nation ever makes Bitcoin Legal Tender. It's law from El Salvador government but citizens in the nation are not comfortable with it.

It won't be easy to make Bitcoin Standard successfully even at a national scale. At global scale, in trades with other countries, it's much harder and it will be challenged by IMF too.

Citizens can easily accept and use Bitcoin blockchain but for business, there are big and small businesses and they have different monetary cycles. Small businesses have very quick monetary cycles and they are not comfortable of receiving payments from customers in Bitcoin. Price is volatile and small businesses have less ability to hold bitcoins for a long time to enjoy it as their business treasury or investment.