Criptocultura PTY
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Cannes is actively adopting cryptocurrencies as a form of payment. By the summer of 2025, it is expected that approximately 90% of local businesses will accept payments in cryptocurrencies, such as Bitcoin and Ethereum. This initiative, led by the municipal government in collaboration with the Web3 payment company Lunu Pay, aims to modernize the city's commercial ecosystem and attract a clientele with high purchasing power and a penchant for technology.
The mayor of Cannes, David Lisnard, has strongly supported this transformation. In February 2025, he organized training sessions for local merchants and professionals with the goal of facilitating the integration of cryptocurrency payments.
Additionally, the Palais des Festivals et des Congrès, home to the renowned Cannes Film Festival, became the first convention center in France to accept payments in cryptocurrencies. This measure aligns with the city's Web3 strategy and its commitment to digital innovation.
The mayor of Cannes, David Lisnard, has strongly supported this transformation. In February 2025, he organized training sessions for local merchants and professionals with the goal of facilitating the integration of cryptocurrency payments.
Additionally, the Palais des Festivals et des Congrès, home to the renowned Cannes Film Festival, became the first convention center in France to accept payments in cryptocurrencies. This measure aligns with the city's Web3 strategy and its commitment to digital innovation.
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The true story of the birth of Bitcoin dates back to a combination of technical, ideological, and economic factors, primarily as a response to the problems of the traditional financial system. Here is the most relevant context:
1. Financial Crisis of 2008
Bitcoin was proposed just after the global financial crisis of 2008, which exposed serious flaws in the banking and financial system: bailouts for banks, corruption, lack of transparency, and excessive dependence on the centralized system.
2. Publication of the White Paper
On October 31, 2008, a person (or group) under the pseudonym Satoshi Nakamoto published the technical document titled "Bitcoin: A Peer-to-Peer Electronic Cash System." The stated goal was to create a decentralized payment system, without the need to trust intermediaries such as banks or governments.
3. Main Motivations
Decentralization: Eliminate the need for financial intermediaries.
Personal control over money: Give people direct control over their funds.
Resistance to censorship: No one can block or reverse transactions.
Limited supply: Unlike fiat money, Bitcoin has a maximum supply (21 million), making it resistant to inflation caused by money printing.
4. First Block and Hidden Message
On January 3, 2009, Satoshi mined the genesis block of Bitcoin, which included this message:
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
This headline from the British newspaper The Times is interpreted as a direct criticism of the traditional financial system and a symbolic reason for the birth of Bitcoin.
5. Cypherpunk Ideology
Bitcoin also has roots in the cypherpunk movement, a community of cryptographers and digital activists who advocated for privacy, anonymity, and financial freedom through cryptography. Satoshi built upon previous work such as HashCash, b-money, and Bit Gold.
1. Financial Crisis of 2008
Bitcoin was proposed just after the global financial crisis of 2008, which exposed serious flaws in the banking and financial system: bailouts for banks, corruption, lack of transparency, and excessive dependence on the centralized system.
2. Publication of the White Paper
On October 31, 2008, a person (or group) under the pseudonym Satoshi Nakamoto published the technical document titled "Bitcoin: A Peer-to-Peer Electronic Cash System." The stated goal was to create a decentralized payment system, without the need to trust intermediaries such as banks or governments.
3. Main Motivations
Decentralization: Eliminate the need for financial intermediaries.
Personal control over money: Give people direct control over their funds.
Resistance to censorship: No one can block or reverse transactions.
Limited supply: Unlike fiat money, Bitcoin has a maximum supply (21 million), making it resistant to inflation caused by money printing.
4. First Block and Hidden Message
On January 3, 2009, Satoshi mined the genesis block of Bitcoin, which included this message:
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
This headline from the British newspaper The Times is interpreted as a direct criticism of the traditional financial system and a symbolic reason for the birth of Bitcoin.
5. Cypherpunk Ideology
Bitcoin also has roots in the cypherpunk movement, a community of cryptographers and digital activists who advocated for privacy, anonymity, and financial freedom through cryptography. Satoshi built upon previous work such as HashCash, b-money, and Bit Gold.
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I had a chicken and it turned into soup.
I turned $2 into $316 in just two days 😱🚀. Now I'm going for the next step: to transform that $316 into $10,000 in the next two days.
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