Dear @NormaJTorres@RepRickCrawford, if you were truly respecting sovereignty, you wouldn't have called it the "Accountability...in #ElSalvador Act" and wouldn't be declaring their #Bitcoin embrace a careless gamble. This is next chapter Monroe Doctrine and U.S. hegemony.🧵1/9
2/ It's cruelly ironic that the narrative is: "#Bitcoin is destabilizing #ElSalvador". Here's a short summary of the most salient factors that have destabilized El Salvador. U.S. doctrine and policy on Central America have scarcely changed since Reagan.
3/ The "sh*thole" that Trump referred to, when spewing vitriol about #ElSalvador, was created by the U.S. through decades of political & economic intervention. The new "Accountability...in El Salvador Act" is simply a more polite continuation of U.S. policy from Reagan to Trump.
4/ In addition to the indignity of this draft legislation, which simply rebrands Central America from "sh*t" to "poop" in U.S. doctrine, #ElSalvador's govt is currently battling the scourge of U.S. gangs which have terrorized their country for decades.
5/ A more urgent piece of legislation that should go to the U.S. Congress is the "Accountability for U.S. Destabilization of Central America Act", a bi-partisan effort uniting @TheDemocrats@GOP in a program of reconciliation, and economic & political cooperation with the region.
7/ These U.S. gangs have stifled the social, political & economic dev'ment of #ElSalvador for far too long. The U.S. should take responsibility, and not make matters worse by interfering in the country's use of #Bitcoin as a tool to re-establish hope & socio-economic development.
8/ As Eduardo Galeano once said, "The walls are the publishers of the poor." By extension, modern platforms like this are the new outlet for histories, stories and voices of the globally disenfranchised. It is time for the U.S. to be on the right side of THIS history.
9/ Retracting the toxic "Accountability...in #ElSalvador Act" would be a good start. Then, forge a new U.S. doctrine for mutual development in the Americas. Some may doubt this possible. I say, unite the fields, the streets, Congress, and the White House: ¡Sí Se Puede!
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In an era of really, really bad journalistic takes about #Bitcoin, the latest article in @TorontoStar by @alex_mckeen & @GrantRants provides some very valuable insights (thank you, Alex & Grant). That said, I have some reflections to share. 🧵1/n
2/ What I appreciate most about the article is that Alex & Grant address the underlying economic anxiety that many Canadians are feeling. Juxtaposing #Bitcoin adoption against this backdrop is important. And, yes, this is leading some to affiliate with @PierrePoilievre's vision.
3/ That said, I respectfully take issue with the narrative that dominates most Cdn/US media coverage still, and predominates in this article too. Put simply, that #Bitcoin is almost exclusively a "crypto bros" phenomenon driven by libertarian reflexes. That's simply not true.
1/ Something doesn't smell right. A🧵about some stories that are begging to be properly investigated and told. Question is, which investigative journalists have the willingness, integrity and editorial freedom to take these on? #Bitcoin is the entry point, but it's much bigger.
2/ Beginning in late 2021, a noticeable uptick in reporting and legislative interest in "cryptocurrencies" began. On one level, totally understandable given the growth of this evolving technology space and the typical lag in journalistic & legislative attention. But there's more.
3/ A disproportionate amount of legislative and journalistic interest in "cryptocurrencies" (a generic term applied incorrectly to #Bitcoin, coincidentally) has coalesced around Bitcoin and its consensus protocol, known as "Proof of Work (PoW)".
In this interview anchor.fm/daniel-prince6…, Professor Troy Cross @thetrocro issues a passionate call for academics to take up study of #Bitcoin. As a multi-faceted technology, Bitcoin provides a wonderland of research opportunities, especially for multi-disciplinarians. 🧵 1/n
2/ Often mistakenly characterized as simply a speculative investment asset, #Bitcoin is best understood as a technology. It can serve multiple functions: a digital store of value (property); a medium of exchange (currency); and, a decentralized network for "layer 2" applications.
3/ The ability of #Bitcoin to serve these different functions is enabled by the technology's core attributes bitcoin.org/en/faq#general, an essential element of which is its Proof-of-Work consensus protocol, which is of paramount importance to security and freedom from tampering.