**Brazil's X Ban Hits Crypto Community Hard**
Brazil's recent ban on social media site X, formerly known as Twitter, has sent shockwaves through the country's crypto community. On August 30, nearly 22 million users were cut off when the Brazilian Supreme Court found X guilty of promoting misinformation about former President Jair Bolsonaro.
- **Impact on Crypto Industry**: The ban has crippled communication for researchers, influencers, and companies in the blockchain sector. Victor Cioffi from Solana Superteam Brasil likened losing X to "losing an arm" for marketing strategies.
- **Revenue and Reach**: João Ferreira of DeFi app Picnic reported losing half of their reach, affecting fundraising and client engagement. Influencers like Casta Crypto have seen audience drops of up to two-thirds.
- **Conferences and DAOs**: Events like ETH Floripa and decentralized organizations are struggling without X, losing vital coordination and engagement tools.
- **Debate and Consequences**: The ban has sparked debates on free speech vs. misinformation control, with some considering moving abroad to continue their work.
The crypto community is now scrambling for alternatives, but replicating X's dynamics has proven challenging.