Block 686725
*Best with music*
What an incredible weekend in Miami these past few days have been at the 2021 Bitcoin Conference. Never in my life have I been surrounded by more passionate, like-minded people. And never in my life have I met so many people in person that I first met on the internet!
One thing I was firmly aware of was how beyond-the-surface level my conversations were - and it’s not often you get to that depth with strangers. Conversations about upbringing, internal biases, struggle with human connection, raising children under healthy philosophies, growing your own food, taking personal responsibility for your own circumstances…. stuff like that. 😅
Bitcoin has a way of uniting people from all walks of life under a common cause.
To that end, it’s like a religion. In fact, I am growing keenly aware of the similarities between religion and bitcoin. Take a glance …
Esoteric prophet - 👨💻 Satoshi Nakamoto
Sacred text - ✍📝 Bitcoin whitepaper
Design goal - 🕊 Peace and prosperity on earth
Devout followers - 🛡 Bitcoin Pleb Maximalists
Effect - 👨👩👧👦 Uniting people from all walks of life
Diet -🥩🥕 Meat and clean organic food
You get the idea….
Lots of personal takeaways from the conference event too:
Jack Dorsey isn’t evil.
Cynthia Lummis is paving the future of American politics.
Floyd Mayweather can’t read a crowd too well.
Max Keiser is the most vociferous figure in Bitcoin and I love it.
Jack Mallers is a class act and his passion is unmatched.
And of course, the highlight announcement was El Salvador, a country stricken with poverty and crime, is turning to bitcoin as legal tender for prosperity and hope for its people.
Now…. just 48 hours after the announcement….
It’s no surprise that countries of South and Central America are the first to take Bitcoin seriously on a national level - their citizens are some of those that need it the most. Just check out the nominal GDP per capita of these nations below.
So while the US seems to be involved in something fishy with the colonial pipeline ransom involving bitcoin (TBD), these countries are instead creating pro-bitcoin policy.
What’s so interesting here to me is how quickly the dominos are falling afterward- how the actions of one country are precipitating the actions of another.
Gradually, then suddenly, if you will.
EDIT: I LEARNED ARGENTINA IS NOW ON THE RADAR JUST MINUTES AFTER POSTING.
The game theory works in such a way that I won’t be surprised if a majority of these countries will be on the list before the end of the year. Kaz is even more bullish on his timeline. With jurisdictional arbitrage now at play for citizens, once one nation makes a move, it kicks off a game of musical chairs that essentially all but ensures the outcome of pro-bitcoin policy across the region.
The real contagion is the unstoppable idea of bitcoin, and there is no cure - IT IS the cure.
It’s the cure to decades of declining real wages and as a result, quality of life for most people on earth.
The last year has been extremely difficult with the COVID pandemic. But this contagion I’m referencing now… this contagion is good... good for the hope of humanity. So cheer up, my brother. Bitcoin is here. The revolution is too - and yes, this time, it will be televised. Just not by CNN. 😋
Hodl on, and thank you for reading. Til next time.
🕊 -Bap
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