A powerful and enlightening speech by President
@NayibBukele
. Coincidentally, the first half of the speech also largely describes the colonial & neo-colonial histories of 🇬🇹🇨🇷🇵🇦🇭🇳🇳🇮🇧🇿🇯🇲🇭🇹🇹🇹🇬🇾🇬🇩🇻🇨🇰🇳🇩🇲🇱🇨🇪🇨🇨🇴🇻🇪🇧🇴🇳🇬🇨🇩🇨🇬🇨🇲🇸🇳🇹🇩🇲🇱🇬🇦🇬🇳🇨🇫 and more! The second half is a recipe for change!
If you’re being misinformed by the mainstream media and some “journalists” about what’s happening in El Salvador, you should watch yesterday’s FULL MESSAGE and why I chose our INDEPENDENCE DAY to announce an expected candidacy for re-election.
Just dropped off my 3 kids at school for first day since Dec 20. Including our unvaccinated 4yr old. Slumped back in my car, had a good cry. Total exhaustion, guilt, and fuming anger at
@fordnation
@Sflecce
for abandoning
#onted
. Putting on my game face. Parents, I feel ya. Hugs.
@sclancy79
@NFL
@Nike
Um, that’s not at all what
@Kaepernick7
is doing. He is using his platform to draw attention to the persistent killing of innocent African-American citizens of your country. But since you asked your question... Kudos to
@Nike
for being on the right side of history!
#NikeBoycott
People aren’t drinking water because it hydrates them. They are drinking it because it soothes the dryness of their throat, quenches their thirst and they think it will continue doing this.
#Bitcoin
1/ Something doesn't smell right. A🧵about some stories that are begging to be properly investigated and told. Question is, which investigative journalists have the willingness, integrity and editorial freedom to take these on?
#Bitcoin
is the entry point, but it's much bigger.
1/ What the average observer of the
#Ethereum
merge to Proof of Stake needs to know when considering all the headlines & fanfare about “reduced energy consumption” and then asking “why doesn’t
#Bitcoin
do this too?”, is that
#ETH
and $BTC are fundamentally different assets/tools.
In peddling this misinformation, the
@ecb
also reveals itself as a racist, neo-colonial institution. Most notably, the ECB is saying that the global South (where
#Bitcoin
and
#LightningNetwork
use are skyrocketing) is “irrelevant” and day-to-day commerce is presumed illegal.
1/ Large financial institutions, the IMF, and Central Banks/BIS are very nervous about the more fair, inclusive, environmentally-positive monetary system that is being built through
#Bitcoin
. This type of article and its misinformation will grow. Here’s what you need to know.🧵
@WSJ
The article is gated so I haven't read it, but I hope you addressed the fact that these are U.S. gangs terrorizing
#ElSalvador
. As I wrote elsewhere, President
@nayibbukele
should be receiving support and funding from the U.S. govt to fight these gangs!
Dear
@NormaJTorres
@RepRickCrawford
, if you were truly respecting sovereignty, you wouldn't have called it the "Accountability...in
#ElSalvador
Act" and wouldn't be declaring their
#Bitcoin
embrace a careless gamble. This is next chapter Monroe Doctrine and U.S. hegemony.🧵1/9
I love the
#SkullofSatoshi
, but
@greenpeaceusa
driving this aimlessly around NYC in a gas-fuelled truck, as part of a $6M misinformation & smear campaign funded by a crypto (Ripple $XRP) being prosecuted by the SEC for securities fraud, is the height of toxic tone-deafness.
Close to $1 billion USD about to move into
#Bitcoin
spot purchases over the next couple of months from new U.S. spot
#BTC
ETFs. Can someone tell me why this isn’t leading to massive FOMO buying right now to get ahead of this purchase curve? What am I missing? Thoughts?
Proof of Work = democracy
Proof of Stake = oligarchy
At a fundamental level, it's that simple. The
#Bitcoin
White Paper is so short (9 pages), yet contains so many gems that maintain their relevance over time.
I’m a software engineer. Bitcoin (and other cryptocurrencies) have little to no technological value as-is.
It’s not as revolutionary or innovative as many claim:
It doesn’t solve any major problems that traditional software can’t solve.
The crypto projects that popped up in
@greenpeaceusa
I’m going to help more people understand how
#Bitcoin
adoption and use globally, as well as Bitcoin mining w/ renewables and
#methane
capture, are essential tools to achieve our climate goals. This will reign in damaging consumerism and scale up electrification of energy grids.
Dear
@NormaJTorres
@RepRickCrawford
, if you were truly respecting sovereignty, you wouldn't have called it the "Accountability...in
#ElSalvador
Act" and wouldn't be declaring their
#Bitcoin
embrace a careless gamble. This is next chapter Monroe Doctrine and U.S. hegemony.🧵1/9
Today, I introduced the Accountability for Cryptocurrency in El Salvador Act with
@RepRickCrawford
. El Salvador’s adoption of
#Bitcoin
is not a thoughtful embrace of innovation, but a careless gamble that is destabilizing the country.
@ecb
Sending regards to increasingly irrelevant European Central Bankers, from Canada. The decentralized
#Bitcoin
network around the world is stronger than ever, building and growing toward a better world for all. Bitcoin is hope. Bitcoin is change. Bitcoin is the future.
@LayahHeilpern
Sorry, but gonna disagree here. You posted an inflammatory, heterosexist tweet suggesting that people in London expressing “their” freedom is not an acceptable type of freedom, the type you approve of and which would somehow make London better. He called you on your hypocrisy.
@MerrynSW
What? I’ve seen about 50 or 60 very thought messages (self included) trying to provide information. Either your expectations of what is possible via a Twitter message are grossly unrealistic, or you are not acting in good faith here.
@greenpeaceusa
@BlackRock
@Chase
Not only is
@greenpeaceusa
causing irreparable damage to the credibility of
@Greenpeace
globally as a result of this Ripple-funded misinformation campaign, but by dissuading some people from participating in
#Bitcoin
you are also causing the next wave of global wealth inequality.
Just rebutted
@greenpeaceusa
's report on Bitcoin Mining
CONCLUSION
Owing to its many inaccuracies, exclusions, use of flawed source data, absence of evidence to support many assertions, lack of objective evaluation of complete environmental impact and
Just landed in Toronto from
#ElSalvador
. Buying ticket for train back into the city and I reflexively asked the ticket person if I could pay with
#Bitcoin
. It has become habit after 6 days in 🇸🇻. Normalization of Bitcoin use can happen fast. Let’s go!
Oh look. It’s just
@greenpeaceusa
continuing to block climate scientists, environmentalists, tenured professors and others who draw attention to the glaring falsehoods in
@greenpeaceusa
reporting on
#Bitcoin
and their bad faith activities, as well as the > $5 million in donations
@WashTimes
This is utter nonsense. Here in Canada things were ticking along nicely, no such “distractions”...the virus got in. It’s a VIRUS, that’s what they do. But we took swift national action! Trump dismissed it, played it down. Didn’t develop a plan. Scoffed at masks. This is on him.
Dear
@NormaJTorres
@RepRickCrawford
, if you were truly respecting sovereignty, you wouldn't have called it the "Accountability...in
#ElSalvador
Act" and wouldn't be declaring their
#Bitcoin
embrace a careless gamble. This is next chapter Monroe Doctrine and U.S. hegemony.🧵1/9
Cancel your
@nytimes
subscription. What an absolute farce. All of these other people taking part should be ashamed. Aiding a criminal who has defrauded millions of people. $32 billion in assets - gone! $15M spent on luxury real estate in Bahamas. $69M in political donations.
@DarinFeinstein
@Greenpeace
Sigh. Indeed. As a staunch advocate for action on climate change, and for increased climate justice, this backward move and betrayal by
@Greenpeace
really stings. It is a blow to meaningful action on climate change. I am distancing myself from Greenpeace until they change course.
An April 10
@nytimes
article about
#Bitcoin
mining has sparked a flurry of enviro concern. To this extent, the NYTimes has achieved its goal: to incite “moral panic”. This aligns with the paper’s enduring role, described in 2015 by Noam Chomsky. 🧵👇
2/ It's cruelly ironic that the narrative is: "
#Bitcoin
is destabilizing
#ElSalvador
". Here's a short summary of the most salient factors that have destabilized El Salvador. U.S. doctrine and policy on Central America have scarcely changed since Reagan.
@CleanUpBitcoin
Your tweets are becoming even less informed, less reasonable. There are dozens of industries and industry segments that consume more energy than small countries. Please share with us how/why your $5 million campaign is legitimately positioned to judge WHO gets to consume energy.
@gmbutts
Gerald, I’m not a Conservative voter typically (never have) but... He’s not talking about “crypto”, he’s talking about Bitcoin. Second, while I disagree with him on many issues, his research and view on Bitcoin as well as the dangers of CBDCs are on point. Credit where it’s due.
A thread about how mistaken
@neelkashkari
is re
#Bitcoin
. Today, from the convenience of my living room couch in Toronto, Canada, I used
#BTC
(over
#LightningNetwork
) to instantly pay a merchant in Mossel Bay, South Africa for two t-shirts I got while there last week. 🧵1/n
7/
#Bitcoin
, on the other hand, has and continues to evolve as a disruptive technology that seeks to re-orient monetary and financial systems; to advance human rights, financial inclusion; to recalibrate geo-political relations; and to modernize energy production/consumption.
29/ I offer my reflections above guided by values which I try to embody: fairness, discernment, compassion, inclusivity, and global-mindedness, among others. These are values I hope to see increasingly reflected in journalistic and legislative undertakings on
#Bitcoin
/ PoW. 🙏
In a response to MP
@MarkGerretsen
back on Sept 29, 2022 (tweet quoted below), I indicated that I would timestamp and revisit his post in the future. It's time.
First, let's get some maths out of the way. Yes, that shawarma which Official Opposition Leader
@PierrePoilievre
Remember
@PierrePoilievre
's stunt buying a shawarma with bitcoin just 6 months ago?
That same $10 shawarma would cost him $22.35 in bitcoin today.
Bitcoin is not an alternative to the Canadian dollar and PP should retract his position on this.
#cdnpoli
1/ What the average observer of the
#Ethereum
merge to Proof of Stake needs to know when considering all the headlines & fanfare about “reduced energy consumption” and then asking “why doesn’t
#Bitcoin
do this too?”, is that
#ETH
and $BTC are fundamentally different assets/tools.
OK, dear people of
#Bitcoin
. The world’s largest economy now has
#BTC
spot ETFs. Tradfi institutions are now Bitcoin PR/marketing associates. The next chess move is to stop talking about ETFs and focus energy on scaling Bitcoin circular economies and self custody. ➡️
@FBCEglobal
TORONTO | Pay in
#BTC
☕️ Capulus Coffee House
📍881 St Clair Ave West
Delicious food and beverages. Support businesses that accept
#Bitcoin
.
While you’re at it, please follow
@BTCToronto_
and
@BTCcoalition_ca
. 🇨🇦
7/ But, beginning several years ago, and in a HUGE way since 2020,
#Bitcoin
/ PoW mining has shifted to renewable sources, with more than 60% of global Bitcoin mining now coming from renewable energy.
1/ I remember a time not so long ago when there was a strong movement on university campuses, and among civic and global development groups to stop the
#IMF
and its forced impoverishment of the global South. It’s time for that movement to be restored.
#GlobalJustice
#Bitcoin
@PeterMcCormack
Just imagine if they understood
#Bitcoin
and what good they could actually do for social, economic and global justice around the world if they channeled all that energy and righteous indignation.
Serious question: by what standards do we decide whether something is or isn't a "ponzi scheme"? That term gets thrown around so much and is often weaponized to cast fear, uncertainty and doubt. This begs some critical thinking. A🧵with emphasis on
#Bitcoin
and
#crypto
.
@SenWarren
I used to have respect for you. I used to be a supporter. Your refusal to become educated on these matters and the multiple social and economic benefits of
#Bitcoin
in particular can no longer be assumed accidental.
@nic__carter
What disturbs me most, actually, is that there is a pedestrian, white liberalism inherent in most of these reflexive reactions to the
#Bitcoin
environmental value proposition which accepts that social & economic exclusion for 80% of the world’s population is absolutely acceptable
3/ The "sh*thole" that Trump referred to, when spewing vitriol about
#ElSalvador
, was created by the U.S. through decades of political & economic intervention. The new "Accountability...in El Salvador Act" is simply a more polite continuation of U.S. policy from Reagan to Trump.
25/ Digiconomist/deVries is an employee of the Dutch Central Bank, currently in the 1st year of a PhD program. His research methodology & findings on
#Bitcoin
/ PoW have been carefully discredited, yet his corpus continues to be cited as evidence by many journos and legislators.
When I started out on my self-directed journey to better understand personal finance about 6 years ago (admittedly late in the game), I quickly came to align with the “Financial Independence Retire Early”
#FIRE
movement.
What I most appreciated is that the FIRE movement
The European Parliament wants to ban proof-of-work based
#cryptocurrency
like
#Bitcoin
from the EU🚨
This is no longer a hollow threat, but could happen if the Commission and the Council of the EU don't kill this amendment.
@balajis
@naval
@APompliano
In this interview , Professor Troy Cross
@thetrocro
issues a passionate call for academics to take up study of
#Bitcoin
. As a multi-faceted technology, Bitcoin provides a wonderland of research opportunities, especially for multi-disciplinarians. 🧵 1/n
@MLiebreich
@RiotPlatforms
It’s parody, intended to lead the viewer toward questioning and analysis of where emissions occur. Without that step it’s impossible to have a rational, evidence-based discussion about energy production/consumptions, grid dynamics and economics, and other important considerations
@thevonwong
Take your time. We need to be fair with you in our expectations. It’s a learning journey, not a sprint. For what it’s worth, apologies for any hostility you may have encountered. Twitter culture + there’s a lot of fatigue from the Greenpeace USA and “change the code” nonsense.
10/ Let's take a look. Often called a "cryptocurrency",
#Bitcoin
is better considered a technology, with 3 core use cases: a digital store of value (property); a medium of exchange (currency); and, a decentralized global network for "layer 2" applications (eg, Lightning Network).
Please follow
@AdoptingBTCcpt
and spread the word. Let's build momentum for this very important
#Bitcoin
education and adoption conference (a companion to
@AdoptingBTC
in El Salvador) taking place in
#CapeTown
, South Africa in January 2024. Book your spot soon. 🇿🇦🇿🇼🇳🇦🇱🇸🇧🇼🇸🇿🇲🇿🇿🇲🇦🇴
4/ In addition to the indignity of this draft legislation, which simply rebrands Central America from "sh*t" to "poop" in U.S. doctrine,
#ElSalvador
's govt is currently battling the scourge of U.S. gangs which have terrorized their country for decades.
And so it continues. 600 years of exploitation of the African continent. For centuries, the theft of human bodies and resources at the end of the sword. And for decades more now pillaging resources and wealth via the weapons of debt, predatory instituuons and puppet “leaders”.
in the US-African summit, a memorandum was signed that will have the governments of Zambia and DR Congo surrendered the supply chain and production of copper and cobalt to American control.
8/ And, PoW energy consumption is an essential characteristic of
#Bitcoin
; one that enables security & functionality that all PoS projects simply don't and cannot achieve. So a critical question is whether this energy consumption differential is merited based on BTC's value/uses.
@GoldTelegraph_
Yes, indeed! I want to make sure you and your followers are aware that this is a good thing for
#Bitcoin
. This doesn’t mean that they are “walking away” from Bitcoin. It means they are moving their Bitcoin from exchanges into self custody. It is very bullish!
20/ For instance, how much energy is consumed to maintain financial institutions globally (brick-and-mortar, personnel daily footprint, etc)? What about gold mining? These questions are simply not being asked by journalists nor most legislators when assessing
#Bitcoin
/ PoW.
Anyone observing from outside of
#Argentina
would do well to ask, “why then is the central bank of Argentina now trying to make it more difficult for Argentinians to convert their Pesos into
#Bitcoin
?” That’s the signal. That’s the “poker tell”. Gradually, then suddenly.
Dear: Privileged US Wall Street traders and ''economists''...🇺🇸
#Bitcoin
is more than just a ''correlated risk-on asset,'' for the 45 million Argentines suffering from 130% inflation!🇦🇷
#Bitcoin
is at an all-time high in Argentina, having increased by over 28X since 2020🚀
9/ Retracting the toxic "Accountability...in
#ElSalvador
Act" would be a good start. Then, forge a new U.S. doctrine for mutual development in the Americas. Some may doubt this possible. I say, unite the fields, the streets, Congress, and the White House: ¡Sí Se Puede!
Dear
#Bitcoin
fam, globally. Remember, it’s “Stay humble [first], [then] stack sats”.
As friends, family, co-workers now start to ask questions about Bitcoin, and as naysayers go suddenly quiet, remember to walk with grace, stay humble, and welcome everyone to the Bitcoin. ☮️🧡
Five days into my South Africa trip and, having lost my phone and being forced into digital detox, I'm posting some content from X on my laptop. For now, just to say how grateful I am to
@BitcoinEkasi
and what an honour it is to be part of this group of incredible human beings.
Until a month ago, I expected 10, maybe 20 people, to join our
@AdoptingBTCcpt
post-conference road trip.
I never imagined we'd have 60 people.
🤯💥🧡✊🏽🌍🙏🏾
I'm humbled.
Thank you for making the effort to come and see the
#Bitcoin
circular economy we're building.
@ACLU
Just imagine what this will look like when the U.S. govt introduces a Central Bank Digital Currency, which can be centrally monitored and censored similar to China’s Digital Yuan and social credit system. Americans need
@ACLU
& other organizations to sound the alarm and resist!
Please,
@JustinTrudeau
@cafreeland
@melaniejoly
@JulieDzerowicz
, can Canada please work with our NATO allies to ensure safe passage for ALL people in Ukraine seeking safety in bordering countries. Foreign students, for example, being turned away at borders. That's 🇨🇦 leadership!
7/ These U.S. gangs have stifled the social, political & economic dev'ment of
#ElSalvador
for far too long. The U.S. should take responsibility, and not make matters worse by interfering in the country's use of
#Bitcoin
as a tool to re-establish hope & socio-economic development.
In my 5th
#BitcoinVoices
thread, I'm honoured to feature a true global leader and ambassador, Fodé Diop
@diopfode
.
Based in Dakar, Sénégal, Fodé is dedicated to advancing financial literacy, economic development, and empowerment for people throughout Africa and beyond. 🧵
12/
#Bitcoin
is providing a financial and economic on-ramp for millions of people worldwide who have been excluded by traditional financial institutions and government restrictions. In so doing, it is also providing a means for oppressed individuals/groups to escape persecution.
5/ Mainstream reporting and legislative interest in
#Bitcoin
/ PoW, most noticeably since late 2021, has almost exclusively characterized Bitcoin and PoW as a climate change culprit, consuming vast amounts of energy. But is this true? Discerning journalists, let's take a look.
Hey global fam, our ally
@alesander97
in Zimbabwe🇿🇼and colleagues are running some more
#Bitcoin
education sessions, meetups. Costs still outstanding are ~USD$800.00 (4100000 sats). Can we crowdsource this? I just sent them 50,000 sats. Can you help too?
4/ The PoW protocol is one of the essential characteristics that distinguishes
#Bitcoin
from about 98% of the ~17,000 other projects that are captured within the generic term "cryptocurrencies". Projects such as Cardano, Solana, Avalanche, Algorand and others.
All checked in, soon flight bound to
#ElSalvador
for
@AdoptingBTC
. It has been 20+ years since I’ve been to El Salvador, Guatemala or Nicaragua. It’s starting to sink in. Excited, hopeful to be greeted by signs of development and hope that would have felt unimaginable 20yrs ago.
@CleanUpBitcoin
You’re 100% incorrect and have dedicated 0% of your time highlighting the positive development of
#Bitcoin
mining toward to being carbon neutral by 2023 and carbon negative, most likely by 2024, through methane capture and significant shift to renewable energy sources.
5/ A more urgent piece of legislation that should go to the U.S. Congress is the "Accountability for U.S. Destabilization of Central America Act", a bi-partisan effort uniting
@TheDemocrats
@GOP
in a program of reconciliation, and economic & political cooperation with the region.
@LayahHeilpern
How about we just aim to first look after our own lawns, hold open our minds and hearts to the experiences of others, and start by looking for the humanity in each other as opposed to using each other as caricatures or memes. Let’s model the world we want to see. Onward…
10/ Unlike Proof of Stake assets like $Solana, $LUNA and now
#Ethereum
, the use of Proof of Work by
#Bitcoin
remains an essential way to preserve decentralization and an inability for a small group of stakeholders to arbitrarily change the supply of the asset and other features.
@PeterZeihan
When did you start taking an interest in
#ElSalvador
? I would love to read/hear your social, economic and political analysis of the country prior to 2021. Where would I find these?
I woke up this morning feeling this immense sense of urgency that we need to onboard another 10 million people globally to self-custodied
#Bitcoin
by January 3, 2024. A combination of new Bitcoiners and Bitcoiners getting their
#BTC
off exchanges. Who’s with me? LFG!
Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation.
The recent approval of an ETF doesn’t change the fact that Bitcoin is costly, slow and inconvenient, argues
#TheECBBlog
@romoolo
I would probably be calm about it and just plant the seed. I would quietly say to her: “You know, it’s hard for most people at banks to see what your grandkids see. The banks and $ are like the horse and buggy. Bitcoin is like the automobile. I think your grandkids are right”.
8/
#Bitcoin
was created as a direct response to the damage caused by the 2008 financial crisis, and the bail out of large financial institutions at the direct expense of everyday people around the world. It was a way to re-orient global systems with “rules, but no rulers”.
9/ An honest examination of
#Bitcoin
's global use cases is mostly absent from mainstream reporting to date and it has featured only marginally within legislative hearings that have taken place in the EU, U.S. and elsewhere. So, what are these use cases? How do we assess value?
17/ Without carefully factoring in the global use cases and disruptive/displacing role of
#Bitcoin
/ PoW, any opinion or declaration about the technology's social, economic or environmental "costs" is methodologically and intellectually bankrupt.
Hey global
#Bitcoin
community! The two U.S. Senators from the state of Massachusetts (Markey & Warren) are both actively campaigning against Bitcoin and haven’t been willing to engage. We need to boost the voice of the Bitcoin community in that state. Please follow
@BTC_Mass
.
@iamkathambi
Respectfully, you’re mistaken on this.
#Bitcoin
mining is the best (perhaps only) location agnostic energy demand source. It pays for energy and grids, and in the process can provide the reliable energy needed to help lift people and communities out of poverty.