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2024-07-27 18:19:35

jtj on Nostr: I don’t think I’ve ever been more optimistic about the immediate future of ...

I don’t think I’ve ever been more optimistic about the immediate future of Bitcoin. The US is about to make tremendous progress on embracing #bitcoin as a strategic asset a tool for freedom.

Bitcoin has always been a threat to centralized power, which is why the ruling class has zero reason to embrace it. But it’s been amazing to see how Bitcoin has become an unstoppable force and politicians have no choice but to embrace it or be completely irrelevant.
Good afternoon.

The Bitcoin conference currently has a lot of political theater, and the Trump headliner is front and center much to everyone’s joy or frustration depending on where you stand on that, but I’ll take a moment to highlight something that’ll get lost in the shuffle.

Today on the main stage, Jason Maier (author A Progressive’s Case for Bitcoin) interviewed progressive congressman Rho Khanna. They talked about a lot of stuff but the TLDR headline takeaway statement from Khanna was “Bitcoin is about freedom. Bitcoin is about human rights.”

And around the same time, a bunch of Democrat Congress people sent a letter to the DNC chair saying the party needs to embrace this industry better, and basically that the Warren wing of the party isn’t the way to go here anymore. Whether it’s polling data, sheer numbers about how many Americans own this stuff, or more knowledge conversations about bitcoin’s energy impact and other things, being anti-bitcoin is a losing strategy.

Yes, a lot of this will be forgotten after the election, both from Republicans and Democrats. Politicians gonna politic. And there will be shitcoinery. Politicians are currently in their pandering phase. But when I began writing about this industry nearly seven years ago, I would not have expected to see this much explicit support by 2024.

The builders, the educators, the advocates- all of your work does matter. At least when it comes to protecting Americans and others against some of the most potentially hostile government positions, the narrative war is working. We need more work on the right to privacy, and that imo is the harder battle, but given how successful things have been on other fronts, I think that front is workable too.

Immutable money. Unstoppable voice. Endless memes.
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