Bitcoin Is Absurd Part I


Barely more than two weeks ago I listened live along with more than 20,000 others to President Nayib Bukele of El Salvador and his brother/campaign manager Karim discuss their country’s decision to officially make bitcoin legal tender. Celebrities, billionaires, developers, intellectuals, politicians and anonymous plebs alike listened in while the president answered questions from people with the niche expertise to know exactly what to ask and what to go on impassioned rants about.

It was living history on what was essentially a giant Twitter-enabled conference call. Those listening heard the floor debate in the background and cheers ringing out when the legislation passed with overwhelming support. As curious bitcoiners peppered him with questions, Karim Bukele was overwhelmed with the moment. The good and the bad, the opened possibilities for the people of El Salvador and the knownunknowns of an anticipated international reaction. The very real-life consequences of adopting open-source code designed by crypto-anarchists as money.

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