The end of the beginning of Bitcoin

We are rapidly approaching adoption by sovereign states as game theory unfolds before Bitcoin’s eyes.

It really looks like the “sudden” part. Much work has gone into Bitcoin Beach over the past year to inspire El Salvador to make Bitcoin legal this week, but for the public it has happened incredibly quickly. The announcement live at Bitcoin 2021, with the law passed by a qualified majority in El Salvador’s Legislative Assembly days later, and that same night the president was asked if El Salvador was considering mining spaces. Twitter. The next day he tweeted about a volcanic mine:

In 2017, I remember seeing predictions that companies would get involved slowly after the next halving, and maybe nation states would get involved in the cycle after that, and maybe from here. 2030 a central bank. I think it is undeniable that we have entered a new era in Bitcoin history where the stakes are much higher. The First Nation State is here and they are moving quickly. By default, all other countries are now subject to Bitcoin game theory and the opportunity costs that individuals and businesses have faced. In recent days, it has been difficult to keep up with the new Latin American politicians adding laser eyes.

With the higher adoption level come more powerful enemies. Last month Elon Musk tweeted disinformation about Bitcoin mining that resurfaced the energy FUD that has been debunked for years.

We received this from Elizabeth Warren on June 9:

It is foolish to think that someone in his position could be so unintelligent and / or misinformed.

At least she’s self-aware:

Trump called Bitcoin an outright scam:

We also received this brainlet suggesting that we make open source code illegal:

Finally, the humanitarian IMF, in love with equality, intervened:

It’s a lot of noise and no signal, but knowing your enemy is important. We say Bitcoin deserves better reviews and it does, but in terms of its ability to change the narrative, spread misinformation, and slightly delay hyperbitcoinization, they are worthy naysayers.

It really feels like the ‘Beginning’ chapter of Bitcoin history is over. I don’t know what this next chapter is called or how long it’s going to last, but it feels a lot more serious, like it’s no longer a game or an experience.

It’s hard not to see the events of the past week through the prism of The sovereign individual. Countries like India and China that ban themselves from Bitcoin will hurt their citizens by cutting them off from inevitable innovation in freedom and financial inclusion with the global economy. At the same time, as countries follow El Salvador’s lead, Bitcoiners will in fact be able to live as sovereign entities, crossing the borders of the country providing the most favorable terms. Nayib Bukele was openly answering unscripted questions from Bitcoiners on a Twitter space, and the “Bitcoin for countries“The playbook is open source and shared with any nation that needs it. It seems very clear that the world is naturally moving towards the information age that has been described, and Bitcoiners are leading the charge through all the roadblocks. trustees.

Meeting people at the Bitcoin 2021 conference really confirmed to me that we are on the right side of history. It’s good that we get rich along the way, but Bitcoiners really care about solving a lot of the problems created by the fiat world. I have seen 12,000 inspired people to help strangers around the world who are unbanked, oppressed, or victims of the ripple effect of fiat monetary policy. In the battle for freedom and property rights, Bitcoin is one of our most important tools. If you still think of it as another investment, you should listen Alex Gladstein’s speech where to watch Speech by Jack Mallers at the Bitcoin 2021 conference.

The dominoes are falling and it is an honor to stand alongside the plebs in the struggle for the truth.

We win. Don’t give them a fucking inch.

This is a guest post from Chad_Capital. The opinions expressed are entirely their own and do not necessarily reflect those of BTC, Inc. or Bitcoin Magazine.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.




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