How it started v How it's going
https://i.postimg.cc/3RqmYmKg/blah.png
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Source: https://twitter.com/0urobro/status/1526288528237539328
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How it started v How it's going
https://i.postimg.cc/3RqmYmKg/blah.png
[Larger image]
Source: https://twitter.com/0urobro/status/1526288528237539328
It occurred to me while watching the Bond to Unbind documentary that they're probably there to learn a bit about the bitcoin bonds.
good thing there is only 21 million BTC and most of it probably wont be invested in governments.
Oh ya, ... that too!
Nine years apart, ... almost to-the-day!
On the left is Andreas Antonopoulos, May 2013:
Andreas Antonopoulos - Bitcoin Neutrality - Bitcoin 2013 Conference
https://www.youtube.com/watch?v=BT8FXQN-9-A
On the right is central bankers and other financial authorities from 44 countries in El Salvador, May, 2022:
view on twitter.comHow is ended: Andreas became a shitcoiner and nobody will invite him anymore to speak :)
I know this is intended as a joke, but I wouldn’t classify Andreas as a shitcoiner. He’s open minded to uses cases being served in the wild, but pretty frank about risks.
He doesn’t promote anything, isn’t involved in any premines etc., and is strongly pro Bitcoin in all the ways that matter.
Basically, I think he’s a good egg. One of the few alt-curious people I’ll never write off.
Just by supporting the mother of all shitcoins (ETH) makes him a shitcoiner...
Be aware at the wolfs in the the sheep skin...
So are we praising central banks now? Why does we care about this?
What benefits does bitcoin get from central banks "adopting" bitcoin? Do you really think that they are ready to let the power they hold just to "adopt" bitcoin?
Not all central banks are quite so powerful as the Fed. I'm sure most of the 32 central banks in El Salvador right now are trying to figure out how to keep their country from collapsing as the US drives up inflation. Buying Bitcoin as a reserve asset is in the central banks' best interest if they want to survive the coming years at all. They would be able to issue a more stable paper currency against Bitcoin reserves. I'm not saying this is ideal but I don't think that these smaller centrtal banks are the same animal as the Fed.
Chivo wallet is as close to a CBDC as you get without it being on some blockchain or run by a third party.
Chivo wallet doesn't use the banking system. It is a walled garden monetary network. Additionally, the "dollars" in your Chivo balance may not actually be U.S. dollars in a bank account but a dollar-pegged stablecoin token.
Central banks might like that. So that's why they might be there.
If so, hopefully they learn that just like the eNaira CBDC in Nigeria, almost nobody actually needs nor wants to use a CBDC. And without people using it, it fails -- as it is expensive to build and operate.
But as far as this event being interesting ... don't you find it curious that it is mostly only the central banks from developing countries that are in attendance? It would not be surprising to find that the developing world central banks were the only ones invited.
Do we have anyway of knowing what they were talking to each other about?
It's day 2 of 3,
Probably follow BitcoinBeach on Twitter:
https://twitter.com/Bitcoinbeach/with_replies
Is great to revisit Bitcoins beginnings & where it’s at today! Bitcoin is definitely alive and paving our future!
Another image from Bitcoin 2013 Conference:
https://i.postimg.cc/BZMYdV9F/FS7n-BAm-WAAEOIOB.png
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There's 65 BTC on that.