NEW: 🇩🇿 Algeria bans all Bitcoin and cryptocurrency activities, including trading, ownership, and mining. Violations face 2-12 months in prison and/or fines of 200,000-1,000,000 dinars ($1,500-$7,700).
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Replies (23)
Nice. Any Algerians wanna transact?
Any Algerians on nostr want a zap? lol your dumbass government can’t do shit about it.
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Doomed!!!
🫵🥴
Finally, I know they are doomed!
God blessed.
In this corner, Dinars, whatever tf those are. In the other corner, Bitcoin 😂😹😭🤣
Very sad news 😨
I'll bet that bitcoin outlasts algeria
I'll bet you 1,000,000 sats that Bitcoin will outlast Algeria
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There's a nice glimpse of the future, I keep saying that the mob can always force you to use their worthless paper.
Lol good luck with enforcing that!
Most people in Algeria have no idea what Bitcoin is
Now they'll know. It is forbidden because it does not suffer from the crazy dinar inflation.
Go, Streisand Effect, go!
Serve the time, pay the fine, keep the BTC
HFSP
Also no one can stop ordinary Algerian people to buy, hodl or use their Bitcoin.
Bitcoin is Freedom Money, never refuses an account and the choice to transact freely.
what’s the Streisand Effect? Barbara?
The Streisand effect is a phenomenon where attempts to hide or censor information inadvertently lead to greater public awareness of that information. It is named after Barbra Streisand, who, in trying to suppress a photograph of her home, ended up drawing much more attention to it instead.
(Credit to duckduckgo's ai for this summary)
The irony is, their currency will collapse faster and faster,
and so will their government.
And since they are using force to stop other human freedoms, people will be seeking to flee the country to freer locals.
God help Algeria.
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That's way better than regulating crypto
NEW: 🇩🇿 Algeria bans all Bitcoin and cryptocurrency activities, including trading, ownership, and mining. Violations face 2-12 months in prison and/or fines of 200,000-1,000,000 dinars ($1,500-$7,700).
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oh wow that is a very useful term to know. Thanks!
found this -
“The Streisand effect is an example of psychological reactance, wherein once people are aware that some information is being kept from them, they are significantly more motivated to acquire and spread it.” (and heightened by the internet and social media haha)
“The phenomenon is well-known in Chinese culture, expressed by the idiom "wishing to cover, more conspicuous" (欲蓋彌彰, pinyin: Yù gài mí zhāng).”
“Reactance (psychology) – Unpleasant emotion experienced when behavioral freedom is threatened.”
(Wikipedia)