This story distills all the big takeaways from day two of Bitcoin Nashville. I will also summarize the promises made by a couple of U.S. Presidential candidates and share some other goodness coming from many different places.
I wanted to start with a @HeyApollo chart showing where we are in the 2014 to 2017 cycle. This cycle looks much like the one from 2022 to 2025, which suggests we have a long way to go. @HeyApollo is extremely bullish, looking at something like $300,000 Bitcoin, but with all the stuff we heard at this conference, anything is possible.
Before I jump into all the Bitcoin conference stuff, we have yet another Bitcoin Treasury episode.
We now have another kind of MicroStrategy playbook player called OneMedNet. This company is raising $4.6 million, private placement, to buy Bitcoin. The stock is up 22%.
Any company that wants to boost their stock price should buy Bitcoin.
Edward Snowden is a very brave individual who came out with a little bit of a cold shower stuff…
He spoke about the growing alternative systems to the existing systems. A big push for open-source models is extremely important, stressing decentralization and privacy.
He also discussed the growing interest in politicians and Bitcoin, which comes with a big warning. As far as he is concerned, do not trust politicians.
The pervasive surveillance by tech giants and governments is a significant concern, with AI potentially enhancing their ability to monitor transactions and activities.
A growing concentration of resources and power is in the hands of a few tech giants, leading to an unfair and unstable system.
Bitcoin transactions are not private, and the lack of anonymity can expose personal data, leading to potential misuse by various entities.
The existing regulatory frameworks, such as GDPR, have proven ineffective in curbing the abuses by large corporations, highlighting the need for more robust privacy protections.
In my opinion, RFK's talk was probably the best session.
He said several good things which I will attempt to simplify.
He contrasted the Bitcoin community to the centralized control of financial systems. Overall, this portion of his speech was a little different and dove-tailing to portions of what Snowden said.
Environmental Impact: RFK highlights Bitcoin mining's potential to incentivize investments in green and renewable energy production. This is a big part of Bitcoin mining and shows that RFK understands it.
Decentralization and Privacy: RFK emphasizes the importance of direct ownership of Bitcoin, free from the capital gains tax, to prevent centralized control by entities like BlackRock. It would be nice to have tax-free BTC.
Bitcoin as Cyber Defense: Bitcoin is described as a cyber defense system that protects online identities and data, with potential strategic implications for national security. Would it not be great to have this guy for President, as he seems to get it all?
I felt RFK's perspectives on Bitcoin policy were
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