A sector of the world’s population is determined to live under a Bitcoin standard, moving towards the adoption of BTC as the only payment system.
Now that economic woes are spreading across the world and it’s getting much harder to put food on the table, is it time to think about Bitcoin (BTC) despite the bear market?
There are Bitcoiners for whom it is no longer enough to meet, physically or virtually, at events to connect with like-minded people. They want to go further, creating the life they want outside of the traditional monetary system. They group themselves into territories, educate themselves, encourage the use of cryptocurrency and move towards the adoption of BTC as the only payment system.
This is what the circular economies of Bitcoin are like, the so-called citadels. The first one emerged on El Zonte beach in El Salvador, and now its model is replicated in other corners of the world.
Today there are Bitcoin citadels in Africa, the Philippines, in Vanuatu, and in eastern Australia; but there are many more in Latin America, in countries like El Salvador, Costa Rica, Guatemala, Honduras, Brazil, Peru, Ecuador, and Argentina. Most are found primarily in Central America.
What is a Bitcoin Citadel?
A citadel is a fortified territory, located inside a city, whose objective is to serve as a refuge for a population that seeks to survive against the enemy siege, as described by Wikipedia.
In the Bitcoin community, the term Citadel is today a meme that arose from the utopian story posted 9 years ago on Reddit by user Luka Magnotta.
He described citadels as “closed, isolated, and fortified cities to protect Bitcoin mining teams.”
In citadels, Bitcoiners have decided to unite convinced that, by adopting the first of the cryptocurrencies, they will have in their hands a sovereign asset that has a supply limit of 21 million.
With this, they believe that there will be the possibility of fixing the drawbacks of the traditional financial system based on a currency that is under the control of governments. And that debt can be issued ad infinitum, generating secondary effects, such as inflation, for example.
It is believed that the Bitcoin citadels are the first gateway to a truly bitcoinized world, because they are the basis for the transformation of a society that seeks a solution to its economic problems, separating money from the State.
What Types of Bitcoin Citadels are there?
Bitcoin citadels are distinguished by certain characteristics that allow them to be classified by type:
Citadels run by a CEO: Some Bitcoin citadels have plans to operate under the Patchwork model, an anti-egalitarian and anti-democratic philosophical movement described by American software engineer Curtis Guy Yarvin, known under the pseudonym Mencius Moldbug.
Patchwork is seen as a business or a corporation. These are small, small, and independent States governed by a corporate owner who owns the capital. Your community benefits by making your real estate as valuable as possible.
Citadels based on a social and community development plan: the first Bitcoin citadel emerged on El Zonte beach in El Salvador, formed by receiving an anonymous donation, with the condition that the payment has to be made in Bitcoin and distributed directly to the residents of El Zonte, with the aim of starting a local Bitcoin economy.
By Audy Castaneda
