Miami had a June 2021. I remember the crowds and queues from that day: It was a sweltering summer afternoon, my first Bitcoin event, and one of my first trips since the epidemic had ended almost a year earlier. It would be an understatement to say that I was socially and physically uncomfortable. The excitement from slipping past the security officers who were evacuating people who were standing in the halls and fire escapes was hitting me on top of everything else. I think this was the starting point for a new BTC variation since people were practically cramming in on top of one another to get in. They could have just been trying to get in the air conditioner.
That’s because this wasn’t your typical announcement, which would have included press releases, posh keywords, and beautiful logos. Hope was in the air as I recalled the event, which was full of feeling, vigor, and enthusiasm. I was quite upbeat about the future of Bitcoin, El Salvador, and the entire planet as I left that meeting. Jack Mallers also went long past his bedtime. I distinctly recall feeling his care and concern when he spoke about his time in El Salvador because he was so overcome with emotion that he could hardly speak. It spread easily.
That day in Bitcoin history was significant. The sooner governments accept Bitcoin, I believe, the sooner we can transition to a sound money system and the more peaceful and amicable the transition will be. Governments are not required to adopt Bitcoin, but I do feel that they should do so. This will go down in history as the beginning of nation-state game theory, at least in my perspective. It’s a “pawn to E4 moment,” as the chess expert Mallers puts it.
Government use of bitcoin was simply a speculative idea before to 2021. The Bitcoin Law from El Salvador and its planned position as legal cash brought it all into reality, even if we Bitcoiners knew the game theory would ultimately make it happen. To put things in perspective, prior to the news, all I knew about El Salvador was that it had considerable gang violence, a high crime rate, and that I had seen images of its beautiful beaches. After the announcement, that changed as I dug deeply into the nation’s history. It really made me start to wonder if I was the one who was forming my opinions or the media. I’m happy to report that I now have a much better understanding of how Bitcoin works.