quoting note1ezy…aztmhere's part 2 of my podcast appearance. There's a few details in here that I wish i elaborated on further; I had a few brain farts and mispoke a few times. I will continue to work on improving communication; I definitely need to slow down.
https://www.youtube.com/watch?v=cg0rbYThi_c
I talked about how the recent news of "Taiwan making Bitcoin legal tender" is a failure of "Taiwanese Bitcoiners" to communicate with the wider global community. As much as anyone would like for Taiwan to have Bitcoin as legal tender, it wouldn't play out like that.
There are a lot of open questions for what it would mean for Taiwan to have Bitcoin as legal tender, especially those that concern the viability of the constitution of Republic of China 🇹🇼 to integrate it ,(ie does Bitcoin use in Taiwan need the Republic of China's approval at all?). It's not as simple as handing out copies of Bitcoin Standard to our legislators to draft out a few laws.
As many have said, Bitcoin is like a language. Bitcoin provides a common ground for all nations to communicate with one another, and Taiwanese who wish to see Taiwan on the global stage should reflect on how to speak the language of Bitcoin better. Taiwanese should take all opportunities to be part of the global discourse otherwise they'll have to contend with further viral tweets of no substance that goes nowhere.
In Taiwan, Bitcoin discussion has deteroriated over the years due to a general misunderstanding of Bitcoin's fundamentals, even those who have been in the space for over a decade fail to grasp the basics. (we even have shitcoiners in government) However, despite that and however distractions will play out, Taiwan will continue to play a noticeable role in global bitcoin adoption anyways, and Taiwanese should be aware and proud of that.
I thought a bit about what I wanted to add in Bitcoin discourse. I wanted to avoid repeating the same interpretations of Bitcoin from all the podcasts I've heard over the years I tried to come up with my own.
I tried to take a fun route:
"What if Satoshi was Taiwanese? Would a Taiwanese be motivated to discover something like Bitcoin?"
I pose this question not to find out who Satoshi is, but just as a means to tell a story.
I attempt to explain a bit of Taiwan monetary history and how the Bank of Taiwan issued the first island-wide circulating currency (the Taiwanese Yen issued by the Japanese empire) and how it was captured by the Republic of China through hyperinflation using ink, blood, and bullets.
Some might not agree with my description of history (definitely some details missing), but there are Taiwanese of all types, I am but one of 23 million: there are those who wish for Taiwan to make its way on the global stage on its own terms (make a new system), those who wish to pick up the Republic of China mantle and be the lighthouse for democracy in the Chinese-speaking world using its 112-year old constitution (fix the existing system), or those who seek the familiar embrace of a lost homeland to avoid bloodshed in the Strait (use someone else's system).
Which Taiwanese would be the one who stumbles on Bitcoin?
I hope the talk is interesting at least!
vic on Nostr: 比特幣的成功就是台灣的成功👍 It’s interesting ...
比特幣的成功就是台灣的成功👍 It’s interesting