Este bine Bitcoin este promovat de un lider de tip autoritar?

7 Iunie, 2021by Mark Murdock

7 iunie 2021 / Unchained Daily / Laura Shin

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Daily Bits ✍️✍️✍️

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Ce îți amintești?

This section could easily be renamed “What Did Elon Do Now?” It feels borderline irresponsible to give Mr. Musk so much run in this newsletter, but his tweets hold sway over the crypto market. Just look at what happened last Thursday.

Here is a screenshot of Bitcoin’s price on June 3rd. The big red dot shows Bitcoin at roughly 8:00 PM, sitting on the precipice of a sharp drop.

What happened around 8:00 PM on June 3rd to cause such a marked plunge?

Elon Musk tweeted out this meme at 8:07 pm.

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Ce este Poppin '?

Miami is poppin’.

This weekend saw 10,000+ Bitcoiners descend upon Miami to join in on the largest Bitcoin conference in history. There were a lot of fun moments. For example:

• Francis Suarez gave a passionate speech on Miami as the capital de Bitcoin
• Rep. Warren Davidson a spus the Fed is “Dogecoining the US dollar”
• Acolo a fost un dumpster full of Venezuelan bills to showcase the power of inflation

The conference, however, was not all fun and internet money. Here are a few of the more contentious moments from the conference:

• Max Keizer a strigat, “Fuck Elon, we’re not selling,” before hugging MicroStrategy CEO Michael Saylor on stage.
• Activist Laura Loomer întrerupt Twitter CEO Jack Dorsey at the conference, accusing him of meddling in the 2020 presidential election.
• Erik Vorhees was booed for saying Bitcoin maximalism is “rahat,” after another speaker was aplaudat for saying Bitcoin toxicity is “absolutely necessary.”
• Floyd Mayweather was also booed after saying another crypto could someday be just as large as BTC.

In addition to the bullet points above, one major headline broke.

The President of El Salvador Hopes to Make Bitcoin Legal Tender
On Saturday, Nayib Bukele, El Salvador’s controversial president, a anunțat via a video that he will “send to congress a bill that will make bitcoin a legal tender.” In a tweet later that day, Bukele professed a “hope that this decision will be just the beginning in providing a space where some of the leading innovators can reimagine the future of finance.”

El Salvador is working with Strike, a Bitcoin payment solution, on the plan. Strike CEO Jack Mallers declarat this moment as a “shot heard round the world for Bitcoin,” noting that “Holding bitcoin provides a way to protect developing economies from potential shocks of fiat currency inflation.”

For the bill to pass, it must be reviewed by the country’s legislative assembly — which Bukele has firm control over.

Bonus recommended read: Caitlin Long on why Bitcoin as legal tender is a big deal (thread)

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Citiri recomandate

• Alex Gladstein on Bitcoin being accepted by questionable leaders:

• How DAOs are preparing for the next crypto winter:

• Maria Shen on the different ways crypto was used in Miami:

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