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Scott A. Wolfe

@ScottAWolfe

Apr 28

Centrafrique : le bitcoin devient monnaie officielle

A good and fair discussion (segment begins at 3:16 of video) about the Central African Republic's adoption of #Bitcoin as legal tender. A quick summary of key points, and some thoughts. 🧵

2/ First off, it's critical to hear from and elevate the voices of Africans -- both on the continent and from the disapora on these issues. So, I hope we see that front and centre. In this case, commentators from Togo which shares a similar colonial and colonial-monetary history.

3/ Some key points are raised. First the positive, and then questions/concerns:

✅ This is a bold move and embrace of innovation
✅ The legacy/impact of the colonial monetary system is a problem and needs to be addressed
✅A very promising opportunity for development

Read 14 tweets

Scott A. Wolfe

@ScottAWolfe

Apr 22

https://twitter.com/ScottAWolfe/status/1514000583044354055

Building on my thread below, I want to help policymakers committed to social, economic and climate justice better understand not only why #Bitcoin's proof-of-work consensus is essential, but Bitcoin's global value. We need policymakers to adopt a "walk and chew gum" approach. 🧵

https://twitter.com/ScottAWolfe/status/1514000583044354055

2/ What I mean by a "walk and chew gum" approach is to step back from the fragmented silos in which public policy is far too often approached these days -- environment | housing | healthcare | food security | education | others -- and to adopt an inter-sectoral lens on #Bitcoin.

@UN

3/ In the same way that the "Social Determinants of Health" #SDOH and @UN "Sustainable Development Goals" #SDGs @SDGoals have rallied us to grapple with the ways in which diverse social, economic and political factors impact wellbeing & human development, so too does #Bitcoin.

Read 23 tweets

Scott A. Wolfe

@ScottAWolfe

Apr 12

@60Minutes

1/ You may recently have seen the @60Minutes feature below about @Bitcoinbeach and the #ElSalvador government @AsambleaSV's adoption of #Bitcoin as legal tender for the country. This is just the tip of a much, much bigger global movement. 🧵

cbsnews.com/news/bitcoin-b…

@nayibbukele

2/ The adoption of #Bitcoin as legal tender, alongside the $USD, has been part of a much larger program of social and economic development ushered in by President @nayibbukele and @AsambleaSV. As a result, #ElSalvador's GDP grew by 10.3% in 2021 and this is expected to continue.

3/ Growth of the #ElSalvador economy, sparked by a #Bitcoin-connected vision and platform, is leading to major investments in physical infrastructure and social capital throughout the country that will help the country achieve sustainable growth well into the future.

Read 12 tweets

Scott A. Wolfe

@ScottAWolfe

Apr 5

@NormaJTorres

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

https://twitter.com/NormaJTorres/status/1511148634779308037

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.

theatlantic.com/international/…

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.

Read 9 tweets

Scott A. Wolfe

@ScottAWolfe

Apr 4

@TorontoStar

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

thestar.com/news/canada/20…

@PierrePoilievre

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.

Read 16 tweets

Scott A. Wolfe

@ScottAWolfe

Mar 23

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)".

Read 29 tweets

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