An 8-month fellowship paying out $100k to launch a resource for policymakers, media, and the public showing the progress of Central Bank Digital Currencies worldwide and their risks to civil liberties 🌍
CBDCs are an evolution of national currency whereby central banks and monetary authorities are considering replacing physical cash that circulates through the public as a liability of the central bank with a digital counterpart which would reside mainly in mobile phones.
Nov 15 • 7 tweets • 2 min read
Very inspiring to meet leaders of the Indian Bitcoin community today
Biggest learning: the focus here is on educating people about self-custody, brick-by-brick, no short-cuts
It will be a long hard road past crypto scams and state regulation but will pay off in the end 🇮🇳
A couple other takeaways:
1) The Bitcoin community is very small. Not much stablecoin use here as the fiat is relatively stable but huge amounts of crypto trading. Bitcoin India conf was last week, just 200 people, the movement is just being born
A free guide authored by @La__Cuen to teach NGOs, activists, foundations, aid organizations, and even governments the best practices for using BTC to improve their grant-making and gift-receiving operations 📖 2/ Such a guide has been in high demand for the past few years as the global human rights and humanitarian community has realized the benefits of Bitcoin and has sought resources on how to help send and receive grants via BTC in a safe and effective manner
Oct 26 • 9 tweets • 1 min read
I had never read the poem “The Development Set” by Ross Coggins before
Written in 1976, it’s a brilliant and deep criticism of the humanitarian aid and loan industry and the global “war on poverty”
Here you go 🧵
Excuse me, friends, I must catch my jet –
I’m off to join the Development Set;
My bags are packed, and I’ve had all my shots,
I have travellers’ cheques and pills for the trots.
Oct 12 • 12 tweets • 2 min read
1/ As I arrive in Amsterdam to speak about the implications of decentralized, open-source currency on political freedom, I’d like to share this hard-to-believe story about how the World Bank once financed massive death and destruction by funding the Dutch government 🧵 🇳🇱
2/ On August 7, 1947, the newly-created World Bank made a $195 million “reconstruction” loan to the Netherlands
This loan — $2.5 billion in today’s dollars — was meant to help rebuild a war-torn country, but instead was used to defend a brutal colonial empire
Oct 11 • 5 tweets • 3 min read
1/ In March @HRF launched a fellowship to explore the potential of rollups for Bitcoin
May this exploration be a helpful resource for builders trying to make Bitcoin more private and scalable 🚀 2/ John sums the promise up here:
"Validity rollups have the potential to improve the scalability, privacy, and programmability of bitcoin without sacrificing bitcoin’s core values or functionality as a peer-to-peer electronic cash system"
Oct 9 • 17 tweets • 6 min read
1/ Thread on Ziya Sadr, the Iranian Bitcoin educator detained by the regime amid #MahsaAmini protests
I've followed Ziya's work for years: he is an incredibly brave person who has helped thousands of Iranians achieve more freedom by teaching them how to use open source currency 2/ Since 2017 Ziya has helped build the Farsi-speaking Bitcoin community in Iran, which now counts thousands of members who connect on Telegram and in person at meet-ups and conferences
bitcoinmagazine.com/business/human…2/ First announced a few months ago by @jackmallers at the @OsloFF, this gift will allow team BTCpay to continue improving one of the world's best open-source BTC donation portals to enable dissidents and journalists to securely accept funds from anywhere and from anyone on earth
Aug 30 • 5 tweets • 3 min read
Happy for everyone at Burning Man right now
It was a staggering and beautiful experience for me
The art and music really blew me away
I’d of course heard a lot about this side of the event, but I still wasn’t prepared
Aug 28 • 6 tweets • 2 min read
Sobering new post from Zoltan on "War and Industrial Policy"
Lots of folks are saying that our current bout of high inflation is temporary and ending soon
They aren't looking at the big picture 🧵
Z: the last two decades of "low inflation" in the US were only possible b/c of cheap exports from China and cheap Russian energy to feed the EU
EU could print € to buy gas, and US could print $ to buy imports. The Russians + Chinese recycled earnings into G7 claims
Aug 6 • 54 tweets • 8 min read
1/ "People now have the option to store and send liquid value globally, peer-to-peer, without relying on claims or IOUs"
"When different commodity monies come in contact with each other, often due to contact between cultures with varying levels of technology, the money that is harder to produce wins out"
Aug 2 • 9 tweets • 3 min read
New Zoltan says inflation hasn't peaked, but is just getting started
Says the "low inflation world" stood on three pillars:
-Cheap immigrant labor keeping wages down
-Cheap goods from China raising living standards despite stagnant wages
-Cheap Russian gas powering the EU
"If war and zero-COVID policies stay, the view that inflation is mostly cyclical, driven by excessive stimulus, is wrong"
In other words, inflation isn't just something that central banks create, anymore, but it might be the new paradigm of the world
Aug 2 • 6 tweets • 2 min read
1/ New @ECB paper: "Toward the Holy Grail of Cross-Border Payments"
"After more than 1,000 years of search, the holy grail of cross-border payments can be found within the next 10 years"
Guess what's discussed as a credible possibility?
ecb.europa.eu/pub/pdf/scpwps…2/ "The holy grail of cross-border payments is a solution which allows cross-border payments to be 1)
immediate 2) cheap 3) of universal reach and 4) settled in a secure settlement medium such as
central bank money. The search has been ongoing for many centuries"
First: @nic__carter on why Bitcoin is the world's only depoliticized monetary system
2/ Afghan entrepreneur and humanitarian @RoyaMahboob on how the legacy financial system is misogynist and how Bitcoin helps gives financial rights to women:
Jun 13 • 12 tweets • 3 min read
1/ A deep understanding of Bitcoin is what allows people to benefit the most from it.
In 2013 @RoyaMahboob converted her company in Afghanistan fully into BTC, riding the wave from $100 to $1,200.
But then it crashed: all the way to $200
Most would have given up. But not Roya. 2/ Her company was a female-owned, fully female-operated software company: a radical pioneer in a place like Afghanistan.
Because her employees had trouble getting paid in cash (male relatives would seize it), and had trouble opening bank accounts, she paid them in Bitcoin