I like how he mentioned Tor multiple times, probably because he knows that the old finance guys won't get it and Bitcoiners will know that this means non-KYC off-ramp.
I like how the puzzle pieces fit together - by addin g Strike to Points-of-Sale he improves the situation for customers (= more people can choose to use Bitcoin) and then by having more customers with Bitcoin that will in turn make merchants interested in holding Bitcoin. Who do they talk to at that point? Strike is right there ready for them...
Expectation and buildup was high going into the presentation as everyone including me was comparing this to the last year where jack made the El-Salvador announcement. While Jack hit it high on all story telling points, it was very underwhelming and lacked real substance. Here's what I mean by it.
NCR integration did not have a date or concrete next steps.
BTCpay server has shopify integration from 2019.
Strike is only available in US, El-Salvador and Argentina... no news about supporting other countries...!
While he was solving the real world problems last year in El-Salvador, this year he is trying to solve a problem in Chicago...
The merchant has the option to use Strike if they would like dollars. They can keep the BTC if they want instead.
There are reasons, as Jack described, a merchant may not want to touch bitcoin themselves (e.g., so as to avoid the recordkeeping for gains and such). There are other merchants that would like to keep 100% of the bitcoin.
You know when a really good joke causes a late reaction… Wait when this one hits every card issuer in America…
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I like how he mentioned Tor multiple times, probably because he knows that the old finance guys won't get it and Bitcoiners will know that this means non-KYC off-ramp.
I like how the puzzle pieces fit together - by addin g Strike to Points-of-Sale he improves the situation for customers (= more people can choose to use Bitcoin) and then by having more customers with Bitcoin that will in turn make merchants interested in holding Bitcoin. Who do they talk to at that point? Strike is right there ready for them...
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The 45 minute presentation has two parts, ... payment card industry history (55 years), and then where bitcoin fixes this.
There's another video of just the Bitcoin fixes this part, and edited at that. But it is shorter, at 15 minutes:
Strike CEO Jack Mallers HUGE Announcement - Bitcoin 2022 Conference
https://www.youtube.com/watch?v=o73fWsqJDdY
Highlights:
A few links and screen shots shared in the presentation:
Shopify:
NCR / PoS:
https://i.imgur.com/VP83bYF.png
[Larger image]
Merchants:
Senator Lummis:
https://i.imgur.com/6PfXRnq.jpeg
[Larger image]
Source
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Expectation and buildup was high going into the presentation as everyone including me was comparing this to the last year where jack made the El-Salvador announcement. While Jack hit it high on all story telling points, it was very underwhelming and lacked real substance. Here's what I mean by it.
Let me know your thoughts..!
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This is a very powerful announcement. The kingdom is at hand!
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unless i am missing something here it seems that sats are liquidated for dollars for the merchant.
The merchant has the option to use Strike if they would like dollars. They can keep the BTC if they want instead.
There are reasons, as Jack described, a merchant may not want to touch bitcoin themselves (e.g., so as to avoid the recordkeeping for gains and such). There are other merchants that would like to keep 100% of the bitcoin.
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Video unavailable - wtf?
It works now. BM youtube account was suspended. Big tech’s games.
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UPDATE
So, since Youtube deleted the videos, here's the above video, on Rumble:
The Full Jack Mallers Announcement at the Bitcoin 2022 Conference
https://rumble.com/v106kdm-the-full-jack-mallers-announcement-at-the-bitcoin-2022-conference.html
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https://i.redd.it/o5bnhus5f6s81.png
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