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Itâs time for another Bitcoin 2022 recap. That fateful afternoon, What Bitcoin Didâs Peter McCormack hosted. It contains the most talked-about panels and keynotes. We have the perspective of two billionaires, refugees, activists, a loudmouth journalist that may be a billionaire, and the Podcasting 2.0 pioneer. On top of that, the cherry is Jack Mallersâ announcement, one that could change the world.
Grab your popcorn and enjoy an evening of Bitcoin hot takes. Things will heat up as soon as you start, so be prepared.
BTC price chart for 04/11/2022 on Coinbase | Source: BTC/USD on TradingView.com
The entrepreneur presentation starts with a video from 1999. A young Peter Thiel had recently released what would become PayPal and predicts the future of online payments with uncanny precision. It almost seems like he was talking about the emergence of bitcoin, which happened a decade later. It seems like that was the idea of showing the video, so Thielâs presentation started with a bang.
It all went downhill from there. The billionaire explained the Velocity and Value spectrum, and qualified bitcoin as a store of value asset with low velocity. This would be fair if the Lightning Network didnât exist, but it does, and it was one of the Bitcoin 2022 conferenceâs hot topics.Â
Worst take of the entire conference. pic.twitter.com/2Q3SA1pj0w
â calle
(@callebtc) April 8, 2022
The real blunder, though, was when he used Ethereum as the example of a high-velocity asset. First, this is a bitcoin conference. Second, Ethereum is not a payment network. Not by a long shot.
In any case, Thiel gained some ground back by saying that the benchmark for bitcoin shouldnât be gold but equities, which is a much bigger market. He also said that the ESG complaints are an attack on bitcoin and the real enemy, and that âbitcoin is a revolutionary youth movement.â
Another interesting factoid is that, so far, his talk is the most popular of Bitcoin 2022âs individually posted ones. And here it is:
The âthird richest man in Mexicoâ was one of the conferenceâs hits. Ricardo Salinas connected with the audience, seems to understand bitcoin basics, and had the best slides. He claims that, despite the success, his whole family is a victim of the Fiat fraud. âThe creation of fake credit has been astounding,â he said to an audience that understood exactly what he meant.
Taking a page from Jack Dorsey, Salinas warned that hyperinflation is coming to the US. And, about CBDCs, he said, âthatâs even worse than the dollar.â
best "why bitcoin" intro and panel I've seen https://t.co/ssrHOh4tPK
â jack
The BLOCK CEO qualified this one as the âbest âwhy bitcoinâ intro and panel Iâve seen.â In it, Yeonmi Park from North Korea informed us that in her country the people âdonât know what the Internet isâ and the word âprofitâ is banned. If people manage to escape the country, they canât take their wealth with them. And thatâs where bitcoin comes in.
For her part, Farida Nabourema, a Togolese Human Rights activist, brought back one of the conferenceâs hot topics: the CFA Franc and the âmonetary colonialismâ France has over 14 African countries. What do these countries have in common? Authoritarian regimes. They need monetary freedom, and thatâs where bitcoin comes in. She also announced the African Bitcoin Conference in Ghana.
Last but not least, Fadi Elsalameen. The Palestinian anti-corruption advocate told us how the US, Israel, and Palestine have control and oversight over every remittance payment that goes into Palestine. Guess what? Thatâs where bitcoin comes in. He also brought forth the idea of a bitcoin conference around those parts, but the project didnât seem as advanced as the African one.
Adam Curry, podcasting pioneer and Podcasting 2.0 biggest advocate, hit the nail on the head. He said that bitcoin is not âf*ck you moneyâ because of the purchasing power it gives you. Itâs âf*ck you moneyâ because you can send it to anyone without asking for permission. He urged people to take control of their money and put the Canadian truckersâ situation as an example. With ease, the government froze all donations for them except for the bitcoin ones. âIf it happened to sweet Canadians it can happen to anybody,â Curry said.
For his part, Cameroonian mixed martial artist Francis Ngannou brought back the idea of money colonialism. According to him, in Sub-Saharan Africa, 70% of the population is unbanked. Thatâs where bitcoin comes in. With it, âyou donât need somebodyâs blessing to have a bank account. Ngannou is a bitcoin novice, but when they asked him about the orange coin he said, âThe more you know, the more you like it.â
For his part, Max Keiser asked one of the best questions of the whole conference: Is Bitcoin causing the chaos in the world, or reacting to the chaos?
The Strike CEO titled his announcement âThe Kingâs Gambit,â because itâs a chess move like no other. It was so groundbreaking, that it already inspired this and this article in Bitcoinist, and this one in NewsBTC. Long history short, if the companyâs gambit pays off, it will finally embed bitcoin into our daily lives. At least in the US, for now, theyâll have access to bitcoinâs superior payment network.
On the one hand, his company partnered with Shopify for the e-commerce giant to accept payments via The Lightning Network. On the other, Strike partnered with Blackhawk and NCR to bring bitcoin payments to hundreds of thousands of Point-Of-Sale terminals in everyday businesses across the US. This includes hypermarkets, major stores, and every fast-food chain.
For extra details and the overarching implications of the announcement, check the NewsBTC article.
Featured Image: Yeonmi Park on stage from this video | Charts by TradingView
Bitcoinist @ Bitcoin 2022 MiamiBitcoinist will be at Bitcoin 2022 Miami in Miami Beach, FL from April 6th through 10th reporting live from the show floor and related events. Check out exclusive coverage from the worldâs largest BTC conference here.
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