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Tbh… having someone like Kennedy speak at the biggest conference is not good for western Bitcoin adoption.

The farther from mainstream the proponent, the more slowly the general population will recognize the value of Bitcoin, and the more skeptical they will be.

Does it matter? Dunno.

Does everyone get Bitcoin “at the price they deserve”? Maybe.

Should developing countries get more of a head start in the meantime? Definitely.

Nonetheless, having someone who is widely regarded as a fringe conspiracy theorist be a spokesperson for Bitcoin isn’t doing anyone any favors. My two sats…

kale 2y ago

Eh. It’s quite interesting to see a fairly serious presidential candidate understand some of the nuances of bitcoin (e.g., his thoughts on PoW and energy). Prior to this, major political figures who “support” bitcoin didn’t really understand it and just used it to gain voters. Kennedy is refreshing in this regard.

As for the speed of bitcoin’s price appreciation, it is what it is as you know. What is debatable, though, is how many years must pass before we can feel comfortable that the masses “are in” before institutions? The reality is many institutions are smart/respond to economic reality and will probably get in before the masses. Perhaps, institutions getting in fuel the masses to get in—not vice versa.

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Discussion

boston wine 2y ago

Best argument I’ve heard yet. I was similarly shocked at how coherent Ted Cruz’s articulation of Bitcoin’s beneficial impact on the grid/environment was at the BPI summit recently… from a hardcore partisan politician, it had a pretty low BS factor.

Still though, it would be nice to see a few chill moderates get orange-pilled here

kale 2y ago

I can’t remember what it was exactly, but when Peter interviewed him on WBD, I had a sense he understood some aspects but was still pandering highly to bitcoiners—as if he knew enough to pass the BS test but I could not tell if he believed what he was saying or was just trying to grow his base. I may be reading too far into that.

As for Kennedy, he’s a Kennedy! The name alone carries weight with some of the establishment. I’ve liked what I’ve seen so far. I wish he’d drop “crypto” and just say “bitcoin,” but this is still huge progress from last election.