Tag: bitcoin politics

Oct 14 2021

Ted Cruz Said Bitcoin Will Strengthen Texas’ Electrical Grid, What Does He Mean?

It’s official, Ted Cruz is a bitcoiner now. However, take into account that he is Senator for Texas, and the state is quickly becoming the biggest Bitcoin hub in the USA. The politician might be catering to his constituency, but that doesn’t take away from his message. “In five years I expect to see a dramatically different terrain with Bitcoin mining playing...

Oct 04 2021

News From El Salvador, Early October: The Chivo Ecosystem’s Stress Test

Another month, another Bitcoin mined using volcanic power. That’s what’s happening in El Salvador, the little country that could. Plus, Moneygram alters its business. Problems and solutions with Chivo ATMs and the Chivo ecosystem as a whole. Stars in Bitcoin Beach and direct reports from the ground. This edition of our now regular news roundup comes full of action and heartwarming stories, so...

Sep 29 2021

The President Shows El Salvador’s Volcano Bitcoin Mining Rig’s “First Steps

Many people doubted Nayib Bukele’s Volcano Bitcoin Mining plans, but here we are. The president shared a video via Twitter in which we can see an El Salvador government-branded container arriving at the geothermal power plant. The reveal is that the container is full of Bitcoin mining rigs and you can see the technicians plugging them in. Bukele’s tagline is a mysterious “...

Sep 18 2021

What Did Jordan Peterson And Maxime Bernier Say About Bitcoin And The Austrians?

The Bitcoinization of Jordan Peterson is a go. The famed psychologist and media personality had a Canadian politician as a guest in his podcast and couldn’t help but touch on the subject. And Maxime Bernier was right there with him, which lead to a brief discussion about Austrian Economics. Even though both Peterson and Bernier are controversial figures, they’re as mainstream as it...

Sep 17 2021

Lessons From The “This Machine Greens” Bitcoin Documentary, Pt 1: Net Positive

What does the “This Machine Greens” title suggest? It’s a documentary about Bitcoin mining. The thesis is that the process is “a net positive for the environment.” The aim was to “dispels many of the misconceptions about Bitcoin mining.” Can the team behind...

Aug 28 2021

Latin America, Tipping Point: Cuba Regulates, Honduras ATM, Venezuela Spends

Is Latin America in the eye of the storm that’ll reshape the world? The region certainly benefits from the existence of Bitcoin and other cryptocurrencies. Latin America needs hedges against inflation and a quick and easy way to send remittances. The cheaper the fees, the better. And when you truly need something, you’re bound to understand it. You have bigger incentives to study,...

Aug 24 2021

President Bukele Guarantees Zero Commissions, Shows Confidence In Bitcoin Law

To respond to the opposition’s claims and announce several key aspects of his Bitcoin Law strategy, President Bukele used a tweetstorm. On September 7th, El Salvador’s Bitcoin experiment goes into full effect. The...

Jul 28 2021

The American Press Vs. El Salvador: Forbes and Vice, Good Cop Bad Cop

Did El Salvador’s Bitcoin story lose steam? Perhaps. However, Forbes and Vice are on the case. The press is still monitoring the situation and Bitcoinist is still monitoring the press. With that dynamic in mind, we compiled the best and worse of the latest press coverage of El Salvador’s Bitcoin Law. You'll be offended. You'll be pleasantly surprised....

Jul 22 2021

What Did Musk, Dorsey, And Wood Say About ESG, Green Energy, And Bitcoin Mining?

The billionaires had a Zoom meeting yesterday, and it’s all crypto Twitter talks about today. Bitcoin should embrace ESG concerns, thinks Cathie Wood. Jack Dorsey hopes Bitcoin will bring world peace. Elon Musk doubled down on his sketchy views about the subject and wasn’t...

Jul 09 2021

Crypto Entrepreneurs From Paraguay Chip In: Is A Bitcoin Law On The Cards?

When El Salvador announced that Bitcoin would be legal tender in their country, the clock started ticking. What country, if any, would follow in their footsteps? Paraguay was one of the most likely candidates, and member of parliament Carlos Rejala’s...

Jul 06 2021

An Answer To Wired’s Hit Piece On Bitcoin And El Salvador

Once upon a time, Wired was a staple of cutting-edge-technologic culture. Their name carried weight. Their journalism was a sight to behold. Then, global media company Condé Nast bought the magazine. It immediately devalued the brand, but that wasn’t the real damage. Their texts disappeared from public consciousness. Nobody cared about what Wired had to say anymore. And now, we know...

Jun 29 2021

President Bukele Clears Up Misconceptions About The Government’s Chivo Wallet

On June 24th, in a national broadcast, President Bukele cleared up misconceptions about El Salvador’s Bitcoin Law and presented the government’s wallet. That created a whole lot of new misconceptions about the app itself, the newly minted Chivo Wallet. Most of...

Jun 24 2021

President Nayib Bukele Explains El Salvador’s Bitcoin Law

We at Bitcoinist already analyzed the controversial Article 7 from El Salvador’s Bitcoin Law from every angle. But, did we? The President himself, Nayib Bukele, defends and explains it in a way that leaves little...

Jun 21 2021

Article 7: Is It Obligatory For Vendors To Receive Bitcoin In El Salvador?

Every economic agent in El Salvador must find a way to accept Bitcoin and the law comes into force in less than 90 days. Yikes! The controversial Article 7 of President Bukele’s Bitcoin law sparked analysis, a few interesting conversations, and doubt. Can they even enforce it? Is it ethical? Aren’t they coercing the population? Is it necessary? Is there something everyone’s missing?...

Jun 19 2021

El Salvador And Bitcoin: Jack Mallers Reveals The Inside Scoop

It might be the biggest story of 2021. Since El Salvador made Bitcoin legal tender, all eyes are on the Central American nation. Strike’s Jack Mallers was the person that delivered this world-shattering news. The exclusive...

Jun 18 2021

Why Is Brock Pierce Leading An “Official Delegation of Bitcoin” In El Salvador?

Something is rotten in the state of El Salvador. The first nation to declare BTC as legal tender received no other than the infamous Brock Pierce. An "Official Delegation of Bitcoin...

Jun 15 2021

Since It Adopted Bitcoin As Legal Tender, The World Is Looking At El Salvador

According to all metrics, El Salvador is all the rage right now. When the government announced that their citizens and all economic actors are legally allowed to use Bitcoin as legal tender, headlines all over the world reported on the news. But interest in the country is growing steadily since, from articles and features in all kinds of media, to Google interest and...

Jun 12 2021

Taproot Soft fork Almost Locked In. What Does This Mean For Bitcoin?

By the time you read this, Bitcoin’s Taproot soft fork will be approved. The tendency is irreversible. The technical aspects are too complicated for most people. What you actually need to know is this: the modifications will improve the Bitcoin network’s performance, bring a little more privacy, and lighten some transaction’s data requirements. It will also provide the basis for smart contract deployment....

Jun 05 2021

Warren Davidson at Bitcoin 2021: “The Fed is Dogecoin-ing the US Dollar”

The Doge community is not going to like this. In a panel at the Miami Bitcoin conference, Representative Warren Davidson spared no bullets. He compared the US Federal Reserve’s rampant money printing of late to Dogecoin’s unlimited and ever-increasing supply. “...

May 27 2021

The Bitcoin Mining Council, Saylor, And Musk: What Transpired In The Meeting?

The jury is still out on whether that meeting between the two gazillionaires and “the leading Bitcoin miners in North America” was positive or nefarious. Part of the Bitcoin community interpreted it as a shrewd PR move and supported the Bitcoin Mining Council. The others smell centralization, are suspicious of closed-door meetings and rejected...

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