Crypto: Here's why Prague has become the best Bitcoin (BTC) student in Europe

It all started in 2007. During this year, the Czech Republic has indeed experienced one of its most recent revolutions. We had to take risks to get there: hack a transmitter and broadcast from the Krkonose mountains a simulation of a nuclear bomb explosion. Since then, Prague has continued to evolve with a spirit committed to privacy, freedom and self-sovereignty. And it pushed the country towards the emancipatory Web3 and bitcoin.

Prague, bitcoin and the quest for freedom

Who would have thought that the demonstration of 80,000 students through the streets of Prague was to shake up the collapse of the Czechoslovak totalitarian regime in November 1989. Since the bicycle revolutioncoupled with the fall of the Berlin Wall, the Czech Republic could not contain the emancipation initiatives of its population.

Currently, young people no longer entertain the idea of ​​pirating Czech TV to broadcast an atomic explosion live. They decide to embrace bitcoin, as well as related technologies. Didn’t we organize one of the biggest European BTC conferences in Prague last June?

Drawing inspiration from the Austrian model has always helped Prague

NEW: Joseph Tětek, Bitcoin analyst at Trezor, spoke to CNBC about the development of Bitcoin in Prague.

“The Austrian school is very compatible with Bitcoin adoption,” he said. ‘A central aspect is the call for the separation of money and the state’. »

The man behind these remarks is no stranger to the Austrian economic context. First of all bitcoinJoseph Tetek contributed to the establishment of the Czech and Slovak Ludwig von Mises Institute in 2010. He also wrote several books on bitcoin and freedom.

Josef is convinced that bitcoin is the next step in the monetary evolution of mankind. His passion is bitcoin educationboth as a teacher and as a student “, can we read on the site from BTC Prague.

No wonder Prague is home to a parallel world called Paralelní Polis where the Ztohoven artist collective. This pro-crypto group does not hesitate to welcome Web3 actors of all kinds: defenders of digital rights, ideologues deeply attached to cryptocurrencies or even “cypherpunks obsessed with privacy”.

But we will also note the existence of other sites conducive to the organization of web3 events. To mention only the castle complex hosting each year the ” Non-Fungible Castle “.

Nun-Fungible Castle 2022 Preview

Austria as a model

Prague’s attachment to bitcoin and Web3 would come from a learning about the Austrian economic modelunderline CNBC. Since 19e century, the Czech Republic was inspired by the classical economic liberalisma legacy by Carl Menger and Friedrich Hayek.

For these two visionaries, two independent individuals acting in their best economic interest constitute the best way to run a society and create a prosperous economyrather than centralized control or the heavy and intervening hand of the state “.

At this moment, the Czech Republic is no longer in the hands of Communist or Nazi tyrants. But the Czechs do not rule out the idea that their current leaders would embrace the idea of control the flow of information.

Just by developing a CBDC, they will undoubtedly quench their thirst for totalitarianism.

Better informed about the Czech situation, Josef Tětek provides details:

Czechs are naturally skeptical of authority, which is explained by the harshness of the 20e century during which they experienced the monarchy, the Nazi occupation and the communist regime. […] The fact that the Czech Republic has never adopted the eurodespite being a member of the European Union since 2004, is an excellent example of this skepticism. »

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Hence the growing interest of crypto-enthusiasts in Prague. I’2023 edition of BTC Prague was also a historic success. Indeed, the meeting saw the participation of many companies like Bitmain, Trezor, Blockstream, Braiins, Tremplin.ioas well as the very famous bitcoin buyer Michael Saylor.

The organizers of BTC Prague have identified about 10,000 attendees occasionally.

Along with this, the Czech pro-bitcoin do not fail to develop innovative concepts. Let us mention among others the biohacking (practice favorable to the advent of a new breed of supermen using technologies) or theCryptoanarchy Institute.

Thus positioned, the Czechs will not need to accept so easily the e-Euro so much advocated by the central banks of the EU.

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