Newsletter #143 - "Asamblea Aprueba La Ley Bitcoin"
This week’s edition is full of game-changing Bitcoin news, conferences antics and more. Get ready for some exceptional reading to take you into the weekend.
First up, the big news. We got wind that something huge was about to go down when at Bitcoin2021 Jack Mallers announced that El Salvador would be the first country to champion Bitcoin.
As you can imagine, Jack’s Mum and Dad were super proud of their boy. Here’s some heartwarming shots for you… it’s a good warm up before we get to the shitposting later in the newsletter.
Many were wondering how long this would all take to go down. The President of El Salvador, Nayib Bukele made a few of us think that not all government officials are incompetent with his aggressive turnaround.
Literally days after the announcement, Nayib pushed his Bitcoin law to congress.
In a no longer available “Twitter Space”, Nic Carter lead a chat with some big hitters from the space as well as the President’s brother. At one point the President joined. It was pretty mind-boggling hearing a world leader chat economics and policies with Bitcoiners.
Peter Schiff loves to stick in the knife. He didn’t get the response he was looking for though on a recent poll.
Here’s a shot of congress members clapping as it was confirmed!
Oh, and a bunch of them with laser eyes… what have we done?
In a world first, here you can see Bitcoin as a legal currency on Wikipedia.
If the motives behind this move were not clear to you yet, here’s some rational insight into what this could really do for El Salvador.
We couldn’t post this edition without sharing the national newspaper cover from the day following the announcement.
Bitcoiners did what Bitcoiners do best. Poolin etched this event into the blockchain forever.
After Elon lost favour with the Bitcoin community, Blockstream are stepping in to provide internet to rural El Salvadorans. Epic.
El Salvador are really taking advantage of all the attention. Let’s mine some Bitcoin with volcanoes!
One amazing part of the bill is that now all companies who operate in El Salvador must accept Bitcoin as payment. We don’t know how many Tesla's there are in El Salvador, but still.
Historically, El Salvador has been synonymous with gangs and at one point had a pretty high murder rate, but they do have a lot going for them. Here’s the pitch if you’re considering making the move.
Max Keiser announced he was buying property, only for some Twitter users to say the villa shown was in Costa Rica. You didn’t think Max would be so stupid, did you?
With all of this happening, it begs the question, who will be next?
Ukraine is definitely interested too. That’s a lot of BTC.
India are not there yet by any stretch, but word on the street is they are moving in the right direction.
Meanwhile, in the US…
If all of this is getting too overwhelming, why don’t you head over to Luke Dashjr’s link and watch some anime with him. If he has a chat open, we’re game.
While Luke did not head to Miami, a lot of you did. Here are some of our favourite bits. First up Bruce Fenton doing a little wrestling.
It was also great to see that Size Chad was finally verified as real.
We also hope that none of our readers were caught up in this next bit. No ones like to wait for blocks.
Cobie had an interesting trip as you can see below.
Here’s another insight into his unfortunate history with Uber.
We are big fans of Lyn Ulbricht. It was great to see her appearing at the conference. Ross actually appeared in a pre-recorded interview, shared on stage. A must-watch.
FTX had a crazy time in Miami. They renamed a fucking stadium.
This is all getting weirder. The Biebs will be headlining at the arena soon!
Just leaving this here for comedic purposes.
FTX had a lot to celebrate, Ryan had his arm twisted and decided he could do another night at the club.
Here’s Shitcoin.com favourite Marshall Long in recovery mode. Too many whiskeys?
We really need to reach out to the event organisers and get some of this premium toilet roll for the office.
Speaking of shitcoins, one Doge holder ran on stage and caused a scene. The awkward way he ripped off his pants made us a little uncomfortable.
This week also saw the widely anticipated (we jest) CoinGeek conference. Who stretched their mind this week?
Cobie with the heat here.
While all of this was going on, the DoJ seized $2.3 million in assets from ransomware extortionists. Yikes.
Twitter cited the recent dump as a result of the seizure…
Preston refuted those claims. Bitcoin is safe, folks.
Also, Coinbase were not involved. Brian, you can stop sweating now. You aren’t about to be Elon’d.
After all of Elon’s antics as of late, he got off fairly lightly… apart from every Bitcoiner hating him. Turns out Anonymous were not so keen on letting him get away with it.
Billionaires manipulating an unregulated market. Most of you probably saw this coming. Still, it provides great memes.
Elon has resorted to only communicating in emojis at this point.
Let’s be real for a second. We all should really take into account who Elon and all of us for that matter are trading against.
You can also just long Bitcoin and trade against Peter. Probably the most satisfying thing you can do.
However, your personal crypto journey is playing out, we hope you can evolve in the way invertebrate intended.
Or just buy some “Bromantane” and grow up to be Size Chad.
We round off this week’s edition with some insight into the younger generation. At one church in the US, they start them young on the ponzi fast track.
And here is Maren showing off her Miami outfit. Romano advised all the ladies out there to avoid this look when meeting potential mothers-in-law.
Remember to Follow Andreas on Twitter and stay up to date with us @Shitcoindotcom too.
Team Shitcoin.com
