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Nathaniel Whittemore Profile picture
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8 Jun, 13 tweets, 5 min read
Alright since no one else seems to have done it, here's the running thread of laser eyed #Bitcoin politicians from Central and South America 👇
Kicking it off with @nayibbukele of El Salvador
He was joined by El Salvador's president of Congress
"This week we start with an important project to innovate Paraguay in front of the world! Our moment has come, our moment."
Brazil - Brazil's Legislative Assembly of the State of Rio Grande do Sul.
Brazil again
No lasers, but preparing a similar bill as El Salvador's legal tender bill for Panama
Argentina!

"I can't believe it, but this is how it is."
A senator from Mexico!

Mexico again! This representative says they're promoting and proposing a legal framework for crypto in Mexico as per @DocumentingBTC
Ecuador has entered there fray
@balajis is on it as well, of course!
Mayor Suarez @FrancisSuarez is now offering to host a summit in Miami and I'm nearly sure it will happen. Hell, I probably know people who will fight to sponsor it.

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More from @nlw

Nathaniel Whittemore Profile picture
9 Jun
On this momentous night in #Bitcoin history, I’ve see a number of people ask “how could this possibly not cause the price to go up?”

My theory: individual events don’t impact bitcoin’s price, at least, not really and not alone.

🧵time!
Bitcoin markets seem driven by big, structural narratives that create raison d’etre for new entrants to participate.

We’ve been in one of those since March 2020: money-printer-go-brrr-means-inevitable-inflation-means-institutions-get in here.
Within the context of those meta narratives, individual events that validate and amplify the narrative can impact price - both by drawing new people in on the strength of the evidence for the narrative as well as by arming bulls and traders who are inclined to go long.
Read 21 tweets
Nathaniel Whittemore Profile picture
4 Feb
This new crop of critics pointing to the history of technology to explain why #bitcoin will inevitably be disrupted by something newer have totally missed that the most powerful forces in social technologies are not product features, but *network effects*
“Hurrrr but MySpace and Facebook.”

Yeah, and it’s been 15+ years since Facebook won. It has 2,800,000,000 users. Do we really think that nothing technologically better has come along in 15 years?

No, it’s the network effects.
“But bitcoin isn’t a social technology!”

Money is first and FOREMOST a social technology. By definition money is irrelevant without networks of people to exchange it. We just happen to call these networks markets.
Read 5 tweets
Nathaniel Whittemore Profile picture
31 Dec 20
THE 2020 YEAR IN #BITCOIN

Ah yes, New Year's Eve. A time to reflect, look forward, celebrate, and throwback Long Reads Sunday style with the BEST BITCOIN TWEETS OF 2020.

Strap TF in, it's time for a thread!

👇👇👇👇
2) Let's start by going back to February.

Even before the full impact of COVID-19 kicked in, bitcoiners were thinking big about the epoch shifts we were in the midst of.

3) When the markets DID start to finally react, bitcoiners were quick off the draw to point out that, whatever the risk the virus posed, the economic threat was significantly predetermined by fragility borne of decades of decisions.

Read 58 tweets
Nathaniel Whittemore Profile picture
14 Aug 20
Belarus is the most interesting story people aren't paying attention to:

-26 year dictator arrests popular YouTuber who plans to run for prez
-YouTuber's wife runs on promise to hold real elections 6 months later, gets huge support
-Dictator claims to win 80% of vote...

(cont.)
-Massive demonstrations begin, not just in the capital but in 20+ cities around the country
-Police are INCREDIBLY brutal. 6000+ arrested. Widespread reports of torture. Horrifying audio evidence of torture all over the internet.
-Some police shown renouncing dictator.

(cont)
-Internet shut off for 4 days
-Only app even a little usable is Telegram, which says it activated "anti-censorship tools"
-The main TG channel coordinating efforts of ~2 million Belarusians was started as a music channel 5 years ago by a teenager and has 4 staff and no website
Read 4 tweets
Nathaniel Whittemore Profile picture
10 Jul 20
Welcome to the Macro Media Index: The most important macro content for June 2020.

This was an INSANE month. Social unrest and market disconnect. The Hertz bankruptcy bet.

If you want to understand the macroeconomic story right now, this thread is for you.

Let's dive in! 🧵👇
2/ A quick note! If you’re more of the audio type, I did this best of macro content as a @BreakdownNLW podcast as well.

Check it out on @coindesk coindesk.com/inequality-soc…

Or subscribe and listen directly: nlwcrypto.libsyn.com/social-chaos-a…
3/ The month kicked off with the realization - a stunning one to many to be sure - that not only had the market come screaming back after March lows - it had done so with record vigor.
Read 36 tweets
Nathaniel Whittemore Profile picture
20 May 20
As if #bitcoin didn't have so much else going for it right now, the absolute fucking *intrigue* of the living history of it is insane.
Read 4 tweets

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