This really sounds like the “suddenly” part. A lot of work has been done at Bitcoin Beach over the past year to inspire El Salvador to file Bitcoin legal tender this week, but to the public, it happened incredibly quickly. Direct announcement in Bitcoin 2021, the law that was passed by the vast majority of the Legislative Assembly of El Salvador a few days later, and on the same night the president was asked if El Salvador was considering mining on Twitter spaces. The next day, he tweeted about the Berkan mine:
In 2017, I remember seeing predictions that companies would slowly step in after the next halving, perhaps nation states would participate in the cycle after that, and perhaps by 2030 a central bank. I think it is undeniable that we have entered a new era of the Bitcoin story where the stakes are much higher. The first nation-state is here and they’re moving fast. By default, all other countries are now subject to Bitcoin game theory and the opportunity cost faced by individuals and businesses. In the past few days, it has been difficult to keep up with the addition of new politicians in Latin America laser eyes.
With the higher the level of adoption comes stronger enemies. Elon Musk tweeted last month misinformation About the Bitcoin mining that has re-emerged the energy FUD that has been debunked for years.
We got this from Elizabeth Warren on June 9:
It’s crazy to think that someone in her position might be unintelligent or uninformed.
At least she’s self-aware:
Trump described Bitcoin as an outright scam:
We also got this idea that we’re making open source code illegal:
Finally, the egalitarian humanitarian IMF coincided with:
That’s a lot of noise and no signal but it’s important to know your enemy. We say Bitcoin deserves better critics and it does, but in terms of its ability to change the narrative, spread misinformation and slightly delay currency hyperactivity, these are some worthy opponents.
It really looks like the ‘beginning’ chapter of Bitcoin history is over. I don’t know what this next chapter is called or how long it will last, but it feels more serious, like it’s not a game or an experience anymore.
It’s hard not to see the events of the past week from a perspective sovereign individual. Countries like India and China that ban themselves from Bitcoin will harm their citizens by isolating them from an inevitable innovation in freedom and financial integration with the global economy. At the same time, as countries follow the example of El Salvador, bitcoins will in fact be able to live like sovereign entities, crossing borders to any country that offers the best conditions. Nayib Bukele was publicly answering unwritten questions from Bitcoiners on the Twitter space, and “Bitcoin for countries“The playbook is open source and shared with any country that needs it. It is very clear that the world is naturally heading into the defining information age, and that bitcoin is leading the charge through all the official roadblocks.
Meeting people at the Bitcoin 2021 conference assured me that we are on the right side of history. It’s great that we’ll get rich along the way, but bitcoins really care about fixing a lot of the problems that the monetary world has created. I saw 12,000 people who were inspired to help strangers around the world who are unbanked, persecuted, or victims of the ripple effect of mandatory monetary policy. In the fight for freedom and property rights, Bitcoin is one of our most important tools. If you still think of it as just another investment, listen up Alex Gladstein talk or watch Jack Mallers Speech at Bitcoin Conference 2021.
The dominoes are falling and I am honored to stand with the common people in the fight for the truth.
We win. Don’t give them a silly inch.
This is a guest post by Chad_Capital. The opinions expressed are their own and do not necessarily reflect the opinions of BTC, Inc. or Bitcoin Magazine.