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Pomp 🌪

@APompliano

16 Oct

One of the most important arguments for why the United States should embrace Bitcoin appeared in the National Affairs' fall edition.

Here is a breakdown of the argument 👇🏼

@Avik

The National Affairs article was titled "Bitcoin and the U.S. Fiscal Reckoning."

It was written by @Avik, the President of the Foundation for Research on Equal Opportunity.

There is a concise and powerful explanation of the events that eventually led the United States to abandon the gold standard.

Read 13 tweets

Pomp 🌪

@APompliano

16 Oct

The Grayscale Bitcoin Trust (GBTC) hasn't seen net inflows of bitcoin since March 2nd of this year.

The Grayscale Bitcoin Trust peaked at just over $41 billion in AUM earlier this year.

They are almost back to their all-time high in AUM and currently have $38.6 billion.

Grayscale Bitcoin Trust had 655,636 bitcoin on March 1st of this year.

Their bitcoin position has trended down since then and currently sits at 647,539 bitcoin, according to Glassnode.

Read 4 tweets

Pomp 🌪

@APompliano

10 Oct

Satoshi Nakamoto revolutionized the financial industry by creating Bitcoin in 2008.

Now Bitcoin miners are in the process of revolutionizing another industry - energy.

Here is how they're doing it 👇 👇 👇

There was 419 billion cubic feet of natural gas burned off last year from flaring or venting, according to the Energy Information Administration.

No one used it for anything.

This total waste is a massive opportunity for bitcoin miners.

@upstreamdatainc

An army of mining companies are creating a market for wasted gas to reduce flaring and cut emissions.

Here’s what that looks like.

@upstreamdatainc (top L)
@GigaEnergy_ (top R)
@CrusoeEnergy (bottom L)
@GAMdotAI (bottom R)

Read 6 tweets

Pomp 🌪

@APompliano

8 Oct

Retweet if you think politicians should fix the fiat system before they try to screw up the crypto system.

In many cases, the bitcoin & crypto industry has more regulation than legacy system.

If I spend fiat, I pay sales tax. If I spend bitcoin, I pay sales tax and capital gains tax.

In NYC (financial capital of world), more licenses needed for crypto company than legacy fintech.

Many of the largest companies in the crypto industry are regulated by 50+ regulators, organizations, and governing bodies.

There is a strong argument that we don’t need more regulation and oversight, but rather we need more efficient and clearer oversight.

Read 10 tweets

Pomp 🌪

@APompliano

8 Oct

This is incredible.

MiamiCoin has now generated over $10 million for the City of Miami, all built on top of bitcoin.

That’s $10 million dollars donated to the city government’s pocket to use on improving the city & quality of life of its citizens.

All from private citizens 👇🏼

@FrancisSuarez

When @FrancisSuarez was on the podcast last week he talked about the potential of this protocol eventually offsetting the entire tax budget for the City of Miami.

That seems crazy at first, but based on how quickly MiamiCoin is growing, that could be actually be a reality.

https://twitter.com/APompliano/status/1437506036047417347?s=20

Only 3 weeks ago I tweeted about the City of Miami officially accepting MiamiCoin’s ongoing protocol donation.

At the time it had already generated $4.3 million for the city.

That’s nearly $6 million more raised in just the last three weeks … crazy.

https://twitter.com/APompliano/status/1437506036047417347?s=20

Read 6 tweets

Pomp 🌪

@APompliano

6 Oct

I can’t believe I even have to address this, but here we go.

One of my goals is to help 10,000 people get hired in the bitcoin and crypto industry.

We have helped 100+ people get hired already and figured out a model that works.

Here is more info 👇🏼

1/ We started with a job board where companies can pay to list their open roles.

People can come for free to apply. Literally hundreds of thousands of applications have been submitted.

One company hired 30+ people off the job board this year, which is 4% of their workforce.

2/ Next, HR teams said they found great talent but not enough crypto knowledge.

We worked with HR teams to build a training program to help educate people.

One major company pays for every new employee to go through the program.

Read 10 tweets

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