"One tool came from far away as Tahiti 1,550 miles east. These findings revealed that Tonga was the center of a maritime empire that goods flowed toward as tribute from distant locales. These exotic artefacts served as status symbols among Tongan elites"
"A member of Tonga’s parliament plans to draft a bill to make Bitcoin legal tender in the Pacific Islands nation."
Tonga could adopt Bitcoin as legal tender, if laser-focused MP gets his way - Stockhead
As Chairman
@GOPAC_Eng
Oceania glad:-
My successor as Chair
@FaleAlea
🇹🇴Anticorruption Standing Committee, Dr ‘Uhilamoelangi Fasi & Mrs Melemanu Bloomfield Lords Officer at
@FaleAlea
is at our:-
Regional Anti-Corruption, CDFs & Anti-Money Laundering Wkshop in Wellington NZ🇹🇴🇳🇿🌏
I was deeply saddened this week to receive a late night call from my Niua Fo'ou Government Representative, Falati Papani, followed by my Spartan Town Officer 'Okusi Lama, that my beloved uncle Matani, my father's Spartan cousin - had passed away - although far too soon for all of
In my capacity as Chairman
@GOPAC_Eng
Oceania it was my honour this morning to officially open our:
“GOPAC Oceania Workshop on Regional Anti-Corruption Trends:Constituency Development Funds and Anti-Money Laundering”
Being held in the Grand Hall, Parliament of New Zealand🇹🇴🇳🇿🌏
📷 Do not miss the breakout acting performance by
@mina_siale_sing
Latukefu as ‘Ella’ in the new
@abcaustralia
show “Soundtrack To Our Teenage Zombie Apocalypse” The daughter of my brother
@alatukef
Alopi Latukefu she’s taking after her...
As Chairman
@GOPAC_Eng
Oceania glad to open our Biennial General Meeting:
Where our office holders are elected & where I’m honoured to be unanimously re-elected & reappointed as Chairman.
Its been my honour to serve for the past 4 yrs & I look forward to continuing to doing so.
Appreciate the support
@RNZPacific
"A member of Tonga's parliament plans to draft legislation to make the cryptocurrency bitcoin legal tender in the kingdom...Western Union take a 30% cut of remittances on average.. but bitcoin cuts out the middle man."
1. Sept/Oct Bill goes to Parliament. Passed.
2. Sent to Palace Office for submission to His Majesty for Royal Assent.
3.<A month - HM as advised by Privy Council assents to Bill.
4. 2-3 Weeks Gazetted by Govt activation date set.
4. On activation date
#BTC
becomes legal tender.
@bitcoinpup
It’s shown how important it is: we are effectively the only stream of revenue of any sort that can get into Tonga now (via
@Blockstream
bitcoin satellite kit gifted by
@Excellion
last year) as no internet=no fiat banking or remittances can get in. Only us. Let that sink in.
I want to thank all of you kind souls for all the wonderful and heartfelt birthday wishes. They mean a lot to me and are so appreciated. I am truly humbled by all the love, prayers and well wishes. I do not have the words sufficient to express my gratitude so as is always the
@elonmusk
@WholeMarsBlog
@Reuters
Yes
@elonmusk
we need them to get liquidity in to purchase much needed goods. Voice & data Completely down with undersea cable severed. I have a plane airdropping hamradio in for basic comms, but
@starlink
essential. Pls contact me to coordinate and help.
Dominos....one by one...
Following El Salvador, opposition politician Gabriel Silva says he is seeking consensus to make cryptocurrency legal tender in Panama.
@elonmusk
@Reuters
Yes
@elonmusk
we need them to get liquidity in to purchase much needed goods. Voice & data Completely down with undersea cable severed. I have a plane airdropping hamradio in for basic comms, but
@starlink
essential. Pls contact me to coordinate and help.
My humble contribution to my brother His Serene Highness Prince Kalaniuvalu Lord Fotofili and the House of Fusitu’a to help with his duties to his late mother Her Royal Highness.
@marcellakf
And my tribute directly to our North Star ✨🕊️for all Niua Fo’ou. Her Royal Highness
Why is
#Bitcoin
the focus of this article headline click bait? When the article is about the lack of security in the compromised systems? Would the headline be "Cyber criminals demand $70 mill in FIAT"? if they demanded melting-at-five-percent-per-annum-USD?
FUDSTER's
As Chairman of
@GOPAC_Eng
’s Global Task Force [GTF] on the United Nations Convention Against Corruption [UNCAC] and in keeping with the United Nations General Assembly resolution A/RES/72/278 to declare 30 June as such - we commemorate and wish all our parliamentary colleagues
Glad our 2023 Parlt Dialogue on UNCAC &
@GOPAC_Eng
AGM well attended by GOPAC Oceania
@JohnHydePerth
@QuirkyMLA
& ors.
Hon Terieta Mwemwenikeaki, GOPAC Kiribati🇰🇮Chair & former UNCAC FP Kiribati who spoke on the
"UNCAC @ 20:
Roles of Parliament"
Panel of the Teieniwa Vision
2/2
The 2023 BRICS summit is happening in 20 days & considering what's occurred since their 2022 announcement, this could be big!🚨
At the 2022 BRICS summit, they announced they're creating a ''new reserve currency.''🇧🇷🇷🇺🇨🇳🇮🇳🇿🇦
🧵Time for a thread on
#Bitcoin
& the BRICS🧵
1/
Trump & allies in Congress tried to corrupt the DOJ to overturn the 2020 election.Then Acting Dep AG Richard Donoghue said Trump told him on Dec. 27, 2020, “Just say that the election was corrupt and leave the rest to me and the Republican congressmen.”
My humble contribution to my brother His Serene Highness Prince Kalaniuvalu Lord Fotofili and the House of Fusitu’a to help with his duties to his late mother Her Royal Highness.
@marcellakf
And my tribute directly to our North Star ✨🕊️for all Niua Fo’ou. Her Royal Highness
AWS, Microsoft et al data centre cooling...just the COOLING!! Consumes more energy than ALL of
#Bitcoin
mining🤔🧐
"Data centers consume 2% to 4% of the world’s electricity, and almost half of that power goes to cooling, according to the Uptime Institute"
Tonga 🇹🇴 has 21 Volcanoes and a population around 100K. That’s one volcano for every 5K ppl. It only takes 2MW of electricity to service 5K ppl thus 40mw for the national grid. Each volcano produces 95mw giving us a surplus of 1960mw for
#btc
mining.
Community projects can easily be funded by mining
#Bitcoin
Who else has volcanos besides El Salvador? One country in particular is
#philippines
!
They should follow El Salvadors volcano mining blueprint
As both Chairman of
@GOPAC_Eng
Oceania and in this instance in my role as Chairman of GOPAC's Global Task Force (GTF) on the United Nations Convention Against Corruption (UNCAC), it was great to have a meeting with our awesome GOPAC Secretariat Office staff in Doha, Qatar🇶🇦to
"Indonesia represents the fourth-largest population in the world, with 60% of the citizens owning smartphones. As a country that has experienced hyperinflations in the past, it is crucial for Indonesians to understand what
#Bitcoin
stands for."
@ln_strike
on the
@lightning
network fees are close to .02c for $100 transfer so the receiver gets $99.98 instead of $70. The apps using
@lightning
have a common attribute of costing less than .05c/sats per transaction
Great card for
#UFC291
at altitude. 4000ft above sea level in Salt Lake City gassed out a few guys cardio.
But money's worth when
@Justin_Gaethje
sends 'The Diamond'
@DustinPoirier
to the shadow realm with this epic head kick and takes out the
#BMF
Belt and title as the "Baddest
El Salvador's president says he'll make the Bitcoin cryptocurrency legal tender there. It will make it easier for people to send money home. This will generate jobs & help provide financial inclusion to thousands outside the formal economy.
Tonga?🤔🧐🇹🇴
The Mayor of Cool Valley, Missouri, plans to distribute bitcoin worth up to $1,000 to inhabitants. However, there is a condition attached to such a plan.
The bitcoin plan comes with a catch: The recipients would not be able to sell the BTC for five years.
"In Tonga, MP Lord Fusitu'a is drafting a bill to make Bitcoin legal tender there, like what was done in El Salvador.But despite his support for Bitcoin he was concerned [the Pacific may be lured into] alt-coins or speculative blockchain projects."
As Chairman of
@GOPAC_Eng
Oceania I was glad to chair our first GOPAC Oceania Annual General Meeting for 2023 since our Biennial General Meeting that was held electronically and in person on 29 November 2022 in Wellington.
I opened by congratulating our
@GOPAC_Eng
Oceania
Sound familiar? Lifted directly from my quote on BTC Sessions Podcast.
@CathieDWood
gets it - telling
@elonmusk
&
@jack
#Bitcoin
will reclaim GDP of up to 30% for remittance dependent emerging markets like Tonga 🇹🇴 & El Salvador 🇸🇻 from a $700 billion annual remittance industry.
A brief snippet of my interview with
@iamprianka
for
@abcnews
Was glad to provide a Pacific perspective on why
#Bitcoin
the first natively global monetary system & it's payment rails the lightning network (w/ apps like
@ln_strike
) can solve remittances.
@LordFusitua
Will there be any differences compared to the El Salvador legal tender bill? If yes, can you share what they might be?
It is time for Tonga to shine on the world stage. Good luck to you and Tonga.
As Chair
@GOPAC_Eng
Oceania such a great Workshop.
@UNODC_SEAP
Media Release:
“GOPAC welcomes the partnership with UNODC to examine CDFs from an evidence-based perspective, with genuine consultation between parliamentarians, Ombudsmen and integrity agencies”said Lord Fusitu’a”
📷 A potential 🇹🇴 response to Bitcoin mining energy FUD. Using the kinetic energy of the waves around Niua Fo'ou to generate electricity. The magnetic current generated by the motion of the waves harnessed by a coil in the unit, is broken to...
Now how on earth did those two things pop up on there. The things a couple of legacy media interviews can do🙃 On the one hand, splendid 😉on the other hand ambivalent that that's what it took🤔. Bah humbug maybe I'm just bring a Scrooge.😆✊🏽😅. Thanks
@jack
& co.
The first nation to legally adopt bitcoin now owns 700 coins after a new purchase, updated the president of the country. This has become another “buy the dip” moment, as BTC’s price dropped to $45,000.
📷 Tonga’s 🇹🇴 & South Pacific’s first Full
#Bitcoin
Node and Full Lightning Node. We need to update the maps.
#BitcoinIsForEveryone
(at Kolomotu'a , Nuku'alofa , Tongatapu)
Kudos uso
@AupitoWSio_MP
on your moving valedictory speech in the NZ Parliament, eloquently bidding farewell to a parliamentary career of great service to your constituents over two decades in politics.
I have many Mangere relatives and friends in your constituencies who have
#Bitcoin
has won.There's never been a more secure, scarce,valuable, movable,decentralized & networked asset in history.More mobile than gold, appreciates faster than property,supply fixed unlike stocks & bonds & a payment network faster & cheaper than Visa
Many people doubted
@nayibbukele
's Volcano Bitcoin Mining plans, but here we are. The president shared a Twitter video in which we see an El Salvador government-branded container full of Bitcoin mining rigs arriving at the geothermal power plant.
Steve Wozniak Apple Co-founder:
“Bitcoin is mathematics, mathematical purity. There can never be another Bitcoin created.”
True digital scarcity can only be discovered once. This is a hard concept to grasp, but The Woz gets it.
An honour for we present & I’m certain for the MMT-I do not recall a sporting team ever being permitted to perform @ “The” Fangatapu or “sacred cove” which is basically the front lawn of the Palace A moving moment as the lads perform the Sipitau for the Royal Family and we guests
The tech is ready to deploy. We’re just waiting for the legal tender Bill’s passage and the ancillary legislation to direct the mining infrastructure roll out.
Thank you Samson Mow
@excellion
for the complimentary
@blockstream
#Bitcoin
satellite kit. Delivered directly to my hospital. Can't wait to get the nurses seconded into setting it up and giving it a go. ✊🏽🔥🔥🔥
As always, an extremely productive discussion during our regular meeting between His Majesty the King and we the Brethren Lords of the Realm (with myself, Lord Vaha’i, Lord Tuita and Lord Malupo Zooming in from abroad)
On today’s agenda - some proposed amendments put forward
As always, an extremely productive discussion during our regular meeting between His Majesty the King and we the Brethren Lords of the Realm (with myself, Lord Vaha’i, Lord Tuita and Lord Malupo Zooming in from abroad)
On today’s agenda - some proposed amendments put forward
Define surreal & mainstream adoption in one sentence: just received and spent half an hour on a call with Sitiveni Rabuka asking for recommendations on how to begin renewable energy based bitcoin mining & the best path for
#BitcoinAdoption
for Fiji 🇫🇯
#Boom
El Salvador may have come up w/ the
#bitcoin
volcano idea first, but Tonga did it better by having an actual volcano erupt a day after
@LordFusitua
made his
#BTC
mining plans known, the rumblings allegedly heard by neighbouring Pacific Island States
A sign of things to come? 🤣
Thanks for vote of confidence Pomp. Speaking to you offline in more detail with help focus our journey a lot. Let me know when a good time would be amidst your no doubt hectic schedule for some brief counsel from you. Cheers mate. Lord Fusitu'a
As G7 central bankers meet to regulate
#Bitcoin
over 40 emerging markets central bankers meet in El Salvador to learn how to mine, HODL & self custody
#BTC
. I reassert my thesis that adoption will be propelled by the 4 billion+ of us in emerging markets.
When the G7 finance ministers & central bank governors met recently one of the main topics of discussion was regulation of crypto assets following the recent market turmoil & the collapse of cryptocurrency terra (LUNA)& algorithmic stablecoin terrausd(UST)
Great interview.
“By using Bitcoin on the Lightning network it means if you send $100 from Sydney you’d receive $100 in Tonga, instead of losing up to $30 in fees.”
Lord Fusitu’a leads the charge to introduce Bitcoin as legal tender in Tonga following the example of El Salvador”
Pacific nations are starting to embrace the digital finance and blockchain ‘revolution’, but there are risks that will need to be addressed, Ben Bohane writes.