Celebrate a New Year in Bitcoin with an Influencer Roundtable

Bitcoin luminaries like Peter McCormick, Justine Harper, Charlie Lee, Jimmy Song, and more have joined the New Year’s “Bitcoin Bottom Line.”

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“Bitcoin Bottom Line” podcast host and Valkyrie CIO Steven McClurg met five special guests, all experts in the Bitcoin space, live in this latest episode.

Bitcoiner CJ Wilson kicked off the New Year’s Hopes and Expectations Roundtable. Wilson gave a brief recap of the horrific flood attacks, Bitcoin adoption from El Salvador, the founding of the Bitcoin Football Club, as well as the mining hash rate action reaching all-time highs in 2021. .

Justine Harper of Unchained Capital speculated that adoption will be a big focus in 2022 after seeing notable institutions adopt Bitcoin, while Kristy-Leigh Minehan of OhGodAGirl discusses hash rates and mining. Minehan believes this will be the year that some traditional types will join ASIC development activity due to the overall mining in the US after the China ban and increased market saturation.

Litecoin founder Charlie Lee agreed with Harper and Minehan that Bitcoin adoption will be big this year. He discussed Tonga’s interest in following El Salvador’s plan to make bitcoin legal tender and the potential for a Spot ETF.

Peter McCormack of “What Bitcoin Did” discussed Bedford Bitcoin Football Club’s credentials for 2022 and the focus on next season. One of the benchmarks will be commercial revenue, proving that having an international base of Bitcoiners who support the team will enable a revenue model that matches leading clubs in the UK. Another benchmark will strengthen the club’s infrastructure, processes and protocols to take on a tenth division. team across leagues. McClurg spoke about the adoption of bitcoin as a means of payment by sports teams around the world.

Author Jimmy Song discussed the publication of his third book and saw a trend in bitcoin as a political issue in current and future elections. Two Democrats and three Republicans in the Ohio Senate race have all expressed positive views on Bitcoin. Song speculated that 2022 will have positive effects on Bitcoin despite potential adversity.

McClurg referred to the recent news that Rio de Janeiro is adding 1% bitcoin to its municipal treasury, like Miami. These two cities now compete for forces with El Salvador. Wilson speculated that El Salvador would win due to its current Bitcoin infrastructure and commitment.

McCormack asks others for opinions on Pegasus software in El Salvador. He described the problem of 30 activists and journalists whose information was compromised on their phones due to this state tracking software. Various authoritarian problems have occurred in El Salvador over the past 18 months. He asked if we were objective enough on this issue.

Minehan said the NSO Group that created the Pegasus software was leading a subsidiary of a US venture capital firm to create it. She saw a trend of giving people a pass because they are part of the bitcoin community, which is happening in El Salvador. With the excitement surrounding Bitcoin adoption, people don’t pay attention to what’s going on with the Pegasus software. Over 30% of the iOS population had the Pegasus software installed until the iOS 14.2 update.

Song agreed and discusses the problem of tech companies having more information than they should.

McClurg suggested looking at the issue from a macro perspective. He recognizes that what they are doing is wrong, but they have been an authoritarian regime for a very long time. It takes time to become a democracy, and he believes that aspects of democracy and freedom will emerge in government.

Harper agreed that it is vital to be objective and that the people of El Salvador benefit from financial freedom from the implementation of Bitcoin. However, she can also see both sides of this issue.

Lee thinks our goal should be to praise them for their implementation of Bitcoin, because ultimately we can’t change what they’re doing.

Wilson talked about tech authoritarianism and whether bitcoin will solve de-platforming. There have been many cases where people have been banned from Twitter or YouTube for talking about Bitcoin.

McCormack suggested that even with the censorship issues, he doesn’t think enough people would be willing to switch platforms to make an impact. The group discussed the potential for a censorship-free app and the effect of current social media apps. They debated issues of personal security and the willingness of individuals to take extra precautions to keep their mail secure. Minehan asked, “How do you financially incentivize using your own mail server?”

Song suggested that Bitcoin can help solve this problem due to monetary incentives such as the cost of operating a lighting node.

Lee believes that with microtransactions becoming more feasible, there is potential to address this issue.

At the end of the podcast, McClurg congratulated his guests on their recent accomplishments and has high expectations for the new year, and looks forward to seeing everyone at Bitcoin 2022 in Miami.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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