Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Mi Primer Bitcoin is a nonprofit organisation, dedicated to providing Bitcoin education. It was originally founded in El Salvador, but has now expanded globally through a decentralised “Light Node” network in over 20 countries. This network empowers local educators to use Mi Primer Bitcoin’s open-source curriculum materials, such as the Bitcoin Diploma program, to teach financial literacy and Bitcoin knowledge locally, in their communities. The organisation is aiming to educate 100,000 students worldwide, supported by crowdfunding efforts via Geyser Fund that ensure its independence and adherence to core values. Through its decentralised model, Mi Primer Bitcoin is virally spreading global financial empowerment and education.
Can Mi Primer Bitcoin Bring Bitcoin Education to 100,000 Students Worldwide?
Mi Primer Bitcoin is a nonprofit educational organisation that began in El Salvador with the mission of providing comprehensive Bitcoin education to students and communities. Since its inception, Mi Primer Bitcoin has expanded its reach beyond El Salvador through the establishment of a “Light Node” network, which now operates in over 20 countries around the globe. These nodes are grassroots initiatives that utilise Mi Primer Bitcoin’s open-source educational materials, including its Bitcoin Diploma program. The Light Node network allows educators worldwide to bring Bitcoin education to their local communities, fostering a decentralised approach to financial literacy and empowerment.
The organisation’s ambitious goal is to educate 100,000 students globally about Bitcoin. To achieve this, Mi Primer Bitcoin is leveraging its growing international network and the decentralised nature of its Light Nodes. These nodes are independently run by local educators who adhere to the core principles of independence, impartiality, community-led education, and a Bitcoin-only focus. This decentralised model not only ensures the quality and integrity of the education provided but also empowers local communities to take control of their financial futures through Bitcoin knowledge.
Mi Primer Bitcoin’s efforts are supported through community supported crowdfunding campaigns, such as the one launched on the Geyser Fund Bitcoin-crowdfunding platform, which aims to raise funds to scale their educational outreach. The funds raised are crucial for maintaining the organisation’s independence from government and corporate influences, ensuring that the education provided remains impartial and true to its mission. By relying on grassroots donations, Mi Primer Bitcoin is able to continue its work without compromising its core cypherpunk values, even as it expands its reach to more countries and students around the world.
The Light Node network is a key component of Mi Primer Bitcoin’s strategy for global expansion. Each node operates autonomously, contributing to a global ecosystem of Bitcoin educators who share resources, best practices, and support each other’s efforts. This network is designed to be resilient and adaptable, mirroring the decentralised nature of Bitcoin itself. By empowering educators to lead in their own communities, Mi Primer Bitcoin is not only spreading Bitcoin education but also fostering a global movement towards financial sovereignty and empowerment through decentralised education.
A Grassroots Light Node Network Bringing BTC Education to the Masses?
The “Light Node” program by Mi Primer Bitcoin is a fully decentralised and community organised, volunteer-run initiative designed to extend Bitcoin education globally by empowering local educators and communities. Each Light Node has been strategically placed in diverse geographical locations around the world, and represents a Bitcoin community or educational project that has been accepted into Mi Primer Bitcoin’s network, agreeing to uphold its core principles of independence, impartiality, community-based education, and a focus on Bitcoin-only instruction. This network allows the spread of high-quality, grassroots Bitcoin education to regions beyond El Salvador, leveraging the experience and resources developed by Mi Primer Bitcoin to support these efforts.
A key feature of the Light Node program is its emphasis on decentralised operation and open-source collaboration. Each Light Node has its own personalised directory for storing custom content, resources, and sharing open-source educational materials. This setup not only fosters local adaptation of the curriculum but also facilitates a collaborative environment where nodes can share insights, resources, and best practices. The decentralised nature of the network ensures that no single entity controls the education process, aligning with Bitcoin’s own decentralised and permissionless philosophy.
The benefits of becoming a Light Node are substantial. Nodes gain access to a global network of educators and resources, enhancing their local impact and recognition. They also receive direct support from existing nodes and participate in monthly General Assemblies, which provide opportunities for global collaboration, partnerships, and joint ventures. By adhering to the consensus rules of the network, Light Nodes play an active role in shaping the direction of independent Bitcoin education, contributing to a collective effort to empower individuals worldwide through financial literacy.
In addition to the educational and collaborative benefits, Light Nodes are integral to the governance of the network. While Full Nodes hold additional responsibilities, such as voting on new Light Node applications and safeguarding the integrity of the network, Light Nodes are expected to uphold the values of Mi Primer Bitcoin, teach at least 50 students every 180 days as expressed on the project’s Github repository README with the ultimate goal of educating 100,000 students, and contribute to the broader Bitcoin education community through platforms like GitHub which allow for open collaboration. This structure not only ensures the quality and consistency of the education provided but also creates a resilient, decentralised network capable of driving global change through Bitcoin education.
Mi Primer Bitcoin’s Humble Beginnings in El Salvador
Mi Primer Bitcoin began its journey with modest roots in El Salvador, the country that became the first in the world to adopt Bitcoin as legal tender in 2021. Founded by John Dennehy, the organisation was driven by the belief that Bitcoin could empower individuals by providing them with financial sovereignty and control over their own futures. The early days were challenging, with classes being held in unconventional spaces like yoga studios and cafes, and only a handful of students attending. However, the vision of fostering a deep understanding of Bitcoin among the local population remained steadfast, and through persistence and grassroots efforts, Mi Primer Bitcoin started to gain traction.
A significant turning point for Mi Primer Bitcoin came through strategic partnerships with renowned Bitcoin companies like Bitfinex, which have been heavily investing in El Salvador’s Bitcoin ecosystem. These collaborations provided essential resources and support that enabled the organisation to scale its operations and reach a larger audience. Bitfinex, recognizing the potential of Bitcoin education as a catalyst for broader economic empowerment, saw Mi Primer Bitcoin as a key partner in our efforts to drive Bitcoin adoption in El Salvador. This partnership not only bolstered Mi Primer Bitcoin’s capabilities but also underscored the importance of education in the wider Bitcoin community.
The philosophy of decentralisation, permissionless-ness, and grassroots community-based activism has been central to Mi Primer Bitcoin’s expansion beyond El Salvador. By adhering to these core Bitcoin principles, the organisation has been able to create a replicable and scalable model of Bitcoin education that can be adapted to different cultural and social contexts. The open-source nature of their educational materials and the decentralised governance structure of their Light Node network have allowed Mi Primer Bitcoin to extend its reach to over 20 countries, with each node operating autonomously while remaining connected to the broader mission of promoting Bitcoin education globally.
This decentralised approach has not only facilitated Mi Primer Bitcoin’s rapid international growth but has also ensured that the organisation remains true to its mission of empowering individuals through education. By fostering local leadership and encouraging communities to take ownership of their Bitcoin education initiatives, Mi Primer Bitcoin has been able to create a global network of educators and activists dedicated to spreading the benefits of Bitcoin. The success of this model demonstrates the power of grassroots activism and the enduring relevance of Bitcoin’s core principles in driving meaningful social change.
The post How Does Mi Primer Bitcoin Plan on Expanding its Bitcoin Educational Efforts? appeared first on Bitfinex blog.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.