In the contemporary European landscape, marked by its rich tapestry of cultures and languages, a silent crisis is unfolding—one that transcends borders and unites its people under a common threat. The erosion of savings due to the instability of fiat currencies, coupled with the growing concerns over financial surveillance, underscores an urgent need for an alternative. Enter Bitcoin, a beacon of hope that promises not just to safeguard wealth, but to restore financial liberty across the continent.
The Fiat Dilemma: A Savings Snare and The Rise of CBDCs
For decades, Europeans have placed their trust in fiat currencies, witnessing first-hand the erosion of their savings amidst relentless inflationary pressures and economic policies skewed towards immediate relief over enduring prosperity. The euro, once heralded as a bastion of stability, has not been immune to this trend, with its purchasing power on a concerning downward trajectory. This financial quagmire transcends mere economic inconvenience, striking at the heart of societal well-being by undermining the principles of economic independence and security that many hold dear.
Amidst this backdrop of fiscal uncertainty, the European Central Bank (ECB) has been exploring the potential launch of a Central Bank Digital Currency (CBDC), commonly referred to as the Digital Euro. While the promise of innovation and the allure of a digital future are undeniable, the implications of such a move are profound, particularly in terms of privacy and autonomy.
The introduction of a Digital Euro represents a paradigm shift in monetary control, centralizing power to an unprecedented degree in the hands of the ECB. By design, a CBDC would enable the central bank not only to issue currency but also to monitor its circulation with unparalleled precision. Every transaction, no matter how small, could potentially be tracked, analyzed, and recorded in a digital ledger accessible to the central bank. This level of oversight, while touted for its potential to combat fraud and streamline financial policies, raises legitimate concerns about privacy and the potential for mass surveillance.
Moreover, the Digital Euro could serve as a foundational element for the implementation of a social credit system, akin to those already in existence in other parts of the world. Through such a system, spending habits and even political views could be monitored and potentially influenced by the state, using financial incentives or penalties to encourage desired behaviors. The implications for freedom of expression and individual autonomy are stark, with the potential to create a society where economic pressure becomes a tool for political conformity.
In contrast to the centralized control embodied by the Digital Euro, Bitcoin and similar cryptocurrencies offer a decentralized alternative. With Bitcoin, transactions are pseudonymous and secured by a network of computers around the globe, ensuring that no single entity can control or manipulate the currency. This decentralization not only protects against inflation but also against unwarranted surveillance and control, providing a digital means of exchange that respects individual privacy and autonomy.
As Europe stands at the crossroads between the traditional fiat system, with its vulnerabilities laid bare, and the uncharted territory of CBDCs, with their promise and peril, the allure of Bitcoin's hard money principles becomes increasingly compelling. In a world where financial privacy is under threat and the autonomy of the individual is challenged by the might of centralized institutions, Bitcoin presents a beacon of hope—a financial instrument that empowers rather than enervates, and unites rather than divides.
The contrast between the potential mass surveillance enabled by a Digital Euro and the freedom offered by Bitcoin is stark. As Europeans contemplate the future of their financial system, the choice between centralized control and decentralized liberty has never been clearer. The path Europe chooses will not only determine the future of its monetary system but also the values that define its societies in the digital age.
Bitcoin: A Bridge Over Troubled Financial Waters
Bitcoin stands as a formidable beacon of hope amid the financial turbulence caused by the traditional fiat system. Its foundation on a decentralized ledger, known as the blockchain, not only shields it from the whims of governmental monetary policies but also ushers in an era of transparency and security previously unimaginable in the realm of finance. This revolutionary technology does more than just offer an alternative to fiat currencies; it embodies the principles of freedom and equality in financial transactions on a global scale.
The Permissionless Nature of Bitcoin: A Gateway to Financial Liberty
At the heart of Bitcoin's appeal is its permissionless nature, which empowers individuals to engage in financial transactions with anyone across the globe, without the need for approval from any central authority. This feature starkly contrasts with the operational mechanisms of fiat currencies, which are inherently tied to national borders and subject to the regulatory whims of governments and financial institutions. Bitcoin operates on a network that is blind to race, nationality, or socio-economic status, offering a truly inclusive financial system.
Fiat currencies, on the other hand, often serve as tools for geopolitical and economic control. The U.S. dollar, for example, leverages its status as the world's reserve currency to exert influence globally, enabling the United States to impose sanctions and shape international policies in line with its interests. Similarly, the continued use of the Franc CFA in African countries illustrates a form of monetary colonialism, where the European Central Bank and France exert control over the economic destiny of these nations, perpetuating a cycle of dependency and exploitation.
Opting Out of Colonialism and Inflation with Bitcoin
Bitcoin, as a neutral and decentralized form of money, presents an opportunity for individuals and nations alike to break free from the chains of financial imperialism and the insidious erosion of wealth through inflation. Unlike fiat currencies, which can be created out of thin air by central banks, Bitcoin's supply is capped and its creation rate predetermined, making it resistant to the inflationary pressures that plague traditional currencies. This ensures that Bitcoin retains its value over time, offering a safe haven for those looking to preserve their wealth against the backdrop of rampant currency devaluation.
Moreover, Bitcoin's global reach and acceptance render it an ideal tool for circumventing the economic barriers and sanctions imposed through the fiat system. It provides a lifeline to individuals in oppressive regimes or those facing economic sanctions, allowing them to access global markets and maintain their financial autonomy. In this way, Bitcoin is not just a financial asset; it is a tool for political freedom and resistance against control.
Bridging Divides and Fostering Unity
Beyond its economic implications, Bitcoin's universal nature facilitates the bridging of cultural and linguistic divides within Europe and beyond. It fosters a sense of unity, rallying individuals from diverse backgrounds around the common cause of financial sovereignty. By enabling seamless, borderless transactions, Bitcoin promotes a vision of a world where financial collaboration and freedom are not just ideals but realities.
The contrast between the centralized control inherent in fiat currencies and the liberating, decentralized ethos of Bitcoin could not be more stark. As Europe and the world grapple with the challenges of fiscal mismanagement, surveillance, and monetary colonialism, Bitcoin shines as a beacon of hope. It offers a way to opt-out of a system designed to diminish wealth and erode privacy, championing instead a future built on the principles of freedom, equality, and security.
In embracing Bitcoin, individuals not only protect their financial well-being but also join a global movement towards dismantling the oppressive frameworks of traditional monetary systems. Bitcoin stands as a testament to the power of decentralized technology to challenge the status quo and empower individuals, heralding a new era of financial independence and unity.
Fighting Financial Surveillance: The Perils of KYC and the Power of Bitcoin
In an era where digital transactions are ubiquitous, the specter of financial surveillance looms larger than ever. Governments and corporations, under the guise of security and compliance, have erected complex systems of oversight that penetrate deep into the financial privacy of individuals. Among these mechanisms, Know Your Customer (KYC) regulations stand out as particularly invasive. Ostensibly designed to prevent financial crimes such as money laundering and terrorism financing, KYC protocols demand that individuals surrender a trove of personal information to access basic financial services. This practice not only erodes privacy but also creates centralized repositories of sensitive data—veritable honeypots for malicious actors.
The Illusion of Security: KYC's False Promises
KYC protocols are presented as a necessary trade-off for a safer financial ecosystem. However, this rationale collapses under scrutiny. The accumulation of personal data by financial institutions creates an attractive target for hackers, leading to breaches that expose millions of individuals to fraud and identity theft. These incidents reveal the paradox at the heart of KYC: in the pursuit of security, individuals' privacy is sacrificed, ironically making them more vulnerable to financial crimes.
Moreover, the effectiveness of KYC measures in combating illicit activities is questionable. Money launderers and other criminals often find ways to circumvent these controls, exploiting loopholes and leveraging corrupt networks. For the average law-abiding citizen, KYC becomes not a shield against crime, but a shackle that restricts financial freedom and privacy.
Bitcoin: A Return to Financial Privacy and Autonomy
Against the backdrop of invasive surveillance and data breaches, Bitcoin offers a compelling alternative. Its pseudonymous nature allows individuals to engage in financial transactions without disclosing their identity to the world. Bitcoin dismantles the premise that security necessitates the sacrifice of privacy, demonstrating that it is possible to have a secure financial system without creating vast databases of personal information.
Bitcoin's resistance to censorship and surveillance goes beyond protecting wealth; it is a stand for fundamental human rights. In regions where governments seek to control and monitor the economic activity of their citizens, Bitcoin provides a means to preserve financial autonomy. It empowers individuals to resist oppressive regimes and evade unjust sanctions, embodying the principles of freedom of speech, expression, and, crucially, financial freedom.
Big Brother's Overreach: A Threat to Democracy
The pervasive surveillance enabled by KYC and other financial monitoring tools represents a tool of control for governments. In Europe and beyond, the potential for these tools to be used to impose political conformity and suppress dissent is a grave concern. Financial surveillance can easily become a mechanism for punishing political opponents, stifling free expression, and manipulating economic outcomes to serve the interests of those in power.
The right to privacy is enshrined in the Universal Declaration of Human Rights, yet the encroachment of Big Brother into the financial lives of individuals represents a clear violation of this principle. The normalization of surveillance under the pretext of security threatens the foundations of democratic societies, where freedom of thought and action are paramount.
In the struggle against the twin forces of surveillance and control, Bitcoin stands as a beacon of hope. It offers not just a technical solution to the problem of financial privacy but a philosophical stance on the right of individuals to exist free from the prying eyes of governments and corporations. As Europe and the world grapple with the challenges of the digital age, the choice before us is clear: will we accept a future of ever-increasing surveillance and control, or will we embrace the liberating potential of technologies like Bitcoin? The path we choose will shape the legacy of our time and the kind of world we pass on to future generations.
Embracing Hard Money for Freedom: Bitcoin's Ascendancy Over Gold
The concept of "hard money" is central to the discourse on financial sovereignty and economic stability, particularly within the framework of Austrian economics, which emphasizes the virtues of a sound monetary system. Historically, gold has epitomized the ideal of hard money, prized for its scarcity, durability, and the relative stability it has offered as a store of value. However, in the digital age, Bitcoin has emerged as a formidable successor to gold, enhancing the properties of hard money through technological innovation.
The Historical Context of Hard Money
Hard money has its roots in the tangible value of precious metals, most notably gold, which served as the backbone of international monetary systems for centuries. The Gold Standard, wherein the value of a currency was directly linked to a specified amount of gold, facilitated global trade with a stable, universally recognized medium of exchange. However, the abandonment of the Gold Standard in the 20th century marked a shift towards fiat currencies, unbacked by physical commodities and susceptible to manipulation through monetary policy.
This transition to fiat money has led to significant economic distortions, characterized by cycles of boom and bust, inflation, and the erosion of wealth. Austrian economics critiques this fiat system for its lack of a self-regulating mechanism to prevent excessive money supply growth, leading to the devaluation of currencies and the impoverishment of societies through stealthy inflation.
Bitcoin: The Digital Reinvention of Hard Money
Bitcoin, introduced in 2009 as a decentralized digital currency, represents a paradigm shift back to the principles of hard money in a form that is suited for the digital era. Unlike fiat currencies, Bitcoin has a capped supply of 21 million coins, ensuring its scarcity and protecting it against inflation. This digital scarcity mirrors the physical scarcity of gold but is enforced by cryptographic algorithms rather than by the limitations of nature.
Improvements Over Gold
- Divisibility: Bitcoin can be divided into 100 million smaller units known as satoshis, enabling microtransactions that are not feasible with physical gold.
- Transportability: Bitcoin can be sent across the globe in minutes via the internet, a feat that physical gold cannot match without significant cost and security concerns.
- Verification: Authenticating the purity and weight of gold requires specialized knowledge and equipment, whereas the authenticity of Bitcoin can be verified by anyone using the blockchain technology.
- Ease of Use: Bitcoin can be stored, sent, and received using a simple smartphone app, making it more accessible to the global population than gold, which requires physical security measures.
- Permissionlessness: Bitcoin transactions do not require approval from any central authority, enabling freedom of exchange even across geopolitical borders.
From the viewpoint of Austrian economics, Bitcoin represents not just a technological advancement but a return to the principles of sound money. Its fixed supply and decentralized nature align with the Austrian critique of fiat money and central banking, offering a form of money that is not subject to the whims of policymakers or the erosion of value through inflation.
Bitcoin's ascendance as digital hard money presents a historic opportunity to reestablish the foundations of financial sovereignty and economic stability. By embodying the best qualities of gold while mitigating its physical limitations, Bitcoin offers a contemporary solution to the age-old problem of preserving wealth against the backdrop of inflationary fiat currencies. As Europe and the world grapple with the challenges of monetary devaluation and financial surveillance, Bitcoin stands as a beacon of hope, promising a future where financial freedom is not just an ideal, but a reality.
Cultivating Financial Empowerment Through Culture: The Role of Bitcoin in Europe
In the intricate tapestry of European society, where diverse cultures and languages intermingle, the importance of financial literacy cannot be overstated. Amidst this diversity, Bitcoin emerges not just as a tool for financial freedom, but as a catalyst for cultural and economic empowerment. The key to unlocking this potential lies in fostering local communities, circular economies, and hosting Bitcoin conferences that serve as a nexus for education, collaboration, and advocacy for human rights and financial autonomy.
The Cultural Imperative for Financial Knowledge
Europe's rich cultural heritage is a testament to its diversity and the unique perspectives its people bring to the global conversation. However, this diversity also poses challenges in achieving widespread financial literacy, particularly in an era dominated by complex digital currencies and the looming shadow of centralized financial control. Enhancing financial knowledge within this context requires more than just access to information; it demands a cultural approach that resonates with people's values, traditions, and community ties.
Bitcoin, with its decentralized ethos, offers a path to financial empowerment that aligns with the cultural fabric of Europe. It represents not only an alternative to the fiat system but a movement towards reclaiming economic agency from centralized institutions like the European Central Bank (ECB) and the EU Commission, which have traditionally operated with opacity and exclusivity.
Building Local Communities and Circular Economies
The strength of Bitcoin lies in its community—dynamic, engaged, and driven by a shared vision of a world where financial transactions are transparent, equitable, and free from undue oversight. By establishing local Bitcoin communities, Europeans can create supportive networks that foster learning, exchange of ideas, and practical applications of Bitcoin in everyday transactions. These communities act as the lifeblood of a burgeoning circular economy where Bitcoin is not just an investment but a medium of exchange for goods and services, strengthening local economies and reducing dependency on fiat currencies.
Circular economies rooted in Bitcoin also reflect a commitment to sustainability and self-sufficiency, principles that are deeply embedded in European cultural values. They offer a blueprint for economic resilience, demonstrating how decentralized finance can contribute to local prosperity and environmental stewardship.
The Democratizing Power of Bitcoin Conferences
Unlike traditional financial conferences, which are often shrouded in exclusivity and cater primarily to bankers, policymakers, and the elite, Bitcoin conferences are inherently inclusive and transparent. They provide a platform for Europeans from all walks of life to engage in meaningful discussions about the future of finance, explore the implications of Bitcoin for human rights and freedom, and collaboratively chart a course towards a more equitable and decentralized financial system.
Bitcoin events and meetups serve as crucibles for innovation, where entrepreneurs, activists, and enthusiasts converge to share knowledge, forge partnerships, and launch initiatives that harness the power of Bitcoin to address societal challenges. These gatherings are instrumental in creating a shared sense of purpose and a collective vision for a future where financial sovereignty is the norm rather than the exception.
Leading the Charge Towards Financial Empowerment
The movement towards embracing Bitcoin in Europe is more than a financial revolution; it is a cultural awakening. It recognizes the intrinsic link between culture, community, and economic empowerment, and leverages this connection to build a more inclusive, transparent, and resilient financial landscape.
As European citizens come together in local communities and at Bitcoin conferences, they are not just discussing cryptocurrency; they are laying the groundwork for a future that they have a hand in shaping—one where the control exerted by institutions like the ECB and the EU Commission is diminished in favor of individual autonomy and collective prosperity.
In this emergent paradigm, financial knowledge is not just a tool for personal gain but a means of cultural enrichment and empowerment. By leading the charge towards this future, Europeans are not only securing their financial freedom but also preserving the cultural diversity and community values that make Europe truly unique. In doing so, they ensure a legacy of economic empowerment for themselves and future generations, independent of centralized control and rooted in the principles of Bitcoin.
BTC Prague: A Beacon for European Unity and Bitcoin Adoption
BTC Prague stands as a shining example of how Bitcoin conferences are transforming the financial landscape of Europe, bridging gaps between countries, companies, and people across the continent. Unlike traditional financial gatherings that often perpetuate a sense of exclusivity and gatekeeping, BTC Prague embodies the spirit of inclusivity and transparency that is central to the Bitcoin ethos. This event is not just a conference; it's a vibrant assembly where the future of finance is being re-imagined and where the principles of freedom, privacy, and empowerment take center stage.
Bridging Gaps Across Europe
Europe's diversity, with its multitude of languages, cultures, and economic contexts, presents both challenges and opportunities for the adoption of Bitcoin. BTC Prague serves as a critical nexus, bringing together individuals and entities from across the continent to foster understanding, collaboration, and unity in the pursuit of a common goal: the widespread adoption of Bitcoin as a means to ensure financial sovereignty and economic resilience.
The conference facilitates conversations and exchanges that transcend national boundaries, highlighting the potential of Bitcoin to serve as a unifying force in a region often segmented by historical, linguistic, and political divides. By showcasing the successes and lessons learned in various European contexts, BTC Prague encourages a cross-pollination of ideas that strengthens the Bitcoin community as a whole.
Empowering Companies and Entrepreneurs
BTC Prague is not only a forum for individual enthusiasts and activists but also a hub for companies and entrepreneurs who are at the forefront of integrating Bitcoin into the European economy. The conference provides a unique opportunity for startups and established businesses alike to showcase their innovations, from Bitcoin payment solutions to blockchain-based services that enhance privacy and security.
This interaction between the entrepreneurial sector and the wider Bitcoin community fosters a dynamic ecosystem where businesses can gain direct feedback from users and where individuals can stay informed about the latest technological advancements. It's a mutually beneficial relationship that accelerates the development and adoption of Bitcoin-centric solutions across Europe.
Cultivating a Shared Vision for the Future
One of the most significant contributions of BTC Prague is its role in shaping a collective vision for the future of finance in Europe—a future that values the rights of individuals to control their economic destinies free from undue surveillance and centralized control. Through keynote speeches, panel discussions, and informal networking, participants engage in deep dives into the implications of Bitcoin for human rights, privacy, and social justice.
The conference serves as a catalyst for policy discussions, advocacy efforts, and grassroots movements aimed at reforming existing financial systems to be more equitable and decentralized. It is a space where the theoretical meets the practical, where ideas about financial sovereignty are translated into actionable strategies that participants can take back to their communities and countries.
You can use code EB21M to get 10% off on the tickets to BTC Prague.
European Bitcoiners Initiative: Uniting a Continent Through Bitcoin Education
In the heart of Europe, a continent renowned for its rich cultural tapestry and historical diversity, a new movement is emerging—one that seeks to transcend linguistic barriers and national boundaries through the universal language of Bitcoin. The European Bitcoiners Initiative stands at the forefront of this movement, with a mission to educate and unite citizens across the entire European continent on the transformative potential of Bitcoin. Their goal is ambitious yet simple: to foster a comprehensive understanding of Bitcoin, from its technical underpinnings to its economic implications, in every European language.
Bridging Cultural Divides with Bitcoin Knowledge
The European continent, with its 44 countries and over 200 languages, presents a unique challenge for any pan-European initiative. Differences in language, culture, and economic status have historically made continent-wide educational efforts difficult. However, the European Bitcoiners Initiative views these differences not as obstacles, but as opportunities to build a more inclusive and interconnected European community through the shared goal of financial empowerment and sovereignty.
By providing educational content ranging from beginner guides to advanced technical analyses in all European languages, the initiative aims to make Bitcoin accessible to everyone, regardless of their country of origin or primary language. This effort to democratize access to Bitcoin knowledge is more than just an educational campaign; it's a bridge between nations, fostering mutual understanding and cooperation.
Education as the Foundation for Unity
At the core of the European Bitcoiners Initiative's mission is the belief that education is the most powerful tool for change. By equipping individuals with a solid understanding of Bitcoin's principles, potential, and pitfalls, the initiative empowers them to make informed decisions about their financial future. This education spans various formats, including articles, videos, webinars, and interactive workshops, ensuring that learners of all styles and preferences can engage with the content effectively.
Moreover, the initiative actively works to dispel myths and counter misinformation about Bitcoin, which is crucial in a landscape where skepticism and misunderstanding can hinder adoption. By presenting factual, unbiased information, the initiative aims to foster a more nuanced and informed public discourse around Bitcoin and its role in the future of finance.
Building a Continent-Wide Network of Bitcoiners
The European Bitcoiners Initiative is not just about individual learning; it's about community building. By connecting Bitcoin enthusiasts, novices, and experts across the continent, the initiative fosters a sense of camaraderie and mutual support that transcends national borders. This network of European Bitcoiners serves as a powerful resource for collaboration, innovation, and advocacy, driving forward the mission of financial sovereignty for all.
In addition to educational efforts, the initiative also focuses on hosting and promoting Bitcoin-related events, meetups, and conferences throughout Europe. These events provide invaluable opportunities for face-to-face learning, networking, and community building, further solidifying the bonds between European Bitcoiners.
In a bold response to the burgeoning demand for authentic, unbiased financial education across Europe, the European Bitcoiners Initiative emerges as a beacon of knowledge and unity. This groundbreaking non-profit organization is driven by a network of dedicated volunteers passionate about dispelling myths and misinformation surrounding Bitcoin. With the European Central Bank (ECB) and the EU Commission often pushing narratives that cloud the true potential of cryptocurrencies, the initiative stands firm in its mission to counter financial uncertainty and doubt (FUD) through a comprehensive educational approach, research, and open knowledge sharing.
A Multilingual Platform for Europe
Understanding the linguistic diversity of the European continent, with its multitude of languages and dialects, the European Bitcoiners has developed educational content accessible in over 40 languages. This monumental task, accomplished through the tireless efforts of volunteers, ensures that no European is left behind in the journey towards financial literacy and empowerment. By breaking down language barriers, the initiative ensures that Bitcoin's message of financial sovereignty is accessible to all, fostering a truly inclusive community.
Run by Volunteers, For the People
At its core, the European Bitcoiners operates as a volunteer-driven non-profit, embodying the decentralized and community-focused spirit of Bitcoin itself. These volunteers, coming from various corners of the continent and beyond, bring a wealth of knowledge, skills, and passion to the table. Their dedication not only enriches the initiative's educational offerings but also reinforces the sense of solidarity and shared purpose among European Bitcoin enthusiasts and newcomers alike.
Combating Misinformation with Education
In an environment where the ECB and EU Commission often disseminate information that can lead to misconceptions about Bitcoin and digital currencies, the European Bitcoiners Initiative takes a stand. Through meticulously researched content, the initiative aims to address and correct the misinformation, providing clear, accurate, and understandable information about Bitcoin's technology, economics, and potential impact on society.
The initiative's approach to education goes beyond mere facts; it also fosters critical thinking and encourages learners to question prevailing financial narratives. This is crucial in an age where financial decisions are increasingly influenced by complex and often opaque institutional policies.
Knowledge Sharing for Empowerment
Beyond individual learning, the European Bitcoiners Initiative prioritizes knowledge sharing as a tool for empowerment. By facilitating discussions, hosting webinars, and encouraging the exchange of ideas, the initiative creates spaces where Europeans can learn from each other's experiences and insights. This collaborative approach not only enhances the learning experience but also strengthens the bonds within the Bitcoin community, making it a formidable force for financial education and advocacy in Europe.
The European Bitcoiners Initiative is more than just an educational platform; it is a movement towards financial sovereignty and resilience in the face of misinformation and centralized control. By leveraging the power of community and the reach of multilingual content, the initiative is breaking new ground in the quest to demystify Bitcoin for millions of Europeans.
As the initiative continues to grow and evolve, its impact extends beyond the realm of cryptocurrency. It represents a bold step towards a future where financial education is accessible, empowering, and free from the influence of centralized institutions. In this future, informed and engaged citizens across Europe are equipped to make financial decisions that align with their values and aspirations, heralding a new era of financial literacy and independence.
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Sovereign Monk
Bitcoin, Privacy & Individual Sovereignty Maximalist | Founder of European Bitcoiners - for Free and Open Bitcoin Education.
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