I sat down with @Jeff Booth to discuss the impact Bitcoin might have on the world ten years from now for the 2036 issue of @Bitcoin Magazine. In approaching the conversation, I was excited to hear Jeff's forecast for what a world transformed by Bitcoin over the course of the next decade might look like. What Jeff offered wasn't a prediction, though. Instead, he recommended that, if we want a world transformed by Bitcoin, we become active participants this new system NOW as opposed to passive bystanders waiting for the world to change. In other words, the degree to which Bitcoin succeeds by 2036 will be a consequence of the decisions that each of us makes in each passing moment, and the piece below offers some key insights regarding what to keep in mind while making those decisions. Enjoy!

Bitcoin Magazine

The 2036 Issue: The Future Is Now, Words Of Wisdom From Jeff Booth

From The 2036 Issue: An interview with Jeff Booth on where Bitcoin is going over the next decade, by Frank Corva.

Yes, agreed. I’m familiar with the dynamics as I’ve written about this. I, too, have hope for StratumV2 and DATUM.

I’ve recently opened my mind to BIP 110 for the sake of trying to hear where supporters for it are coming from, as I believe many of them care about Bitcoin as much as I do. I get some of the arguments, but what I can’t wrap my head around are notions like the one below. Are BIP 110 supporters okay with getting rid of Bitcoin’s PoW algorithm? I’m asking this out of genuine curiosity, not trolling.

Bitcoin doesn’t need a new narrative for its price to rebound. It just needs more and more people to use it as it was intended to be used — as freedom money. And most of the people using it as such and teaching others to use it in such a manner, those who are building circular economies, are too busy to sit around pondering and crafting Bitcoin’s next narrative. Firstly, they understand that talk is cheap. Secondly, there’s no need for them to formulate a narrative, because they ARE the Bitcoin story. They’re the ones showing the world that Bitcoin wasn’t created to be an asset trapped within a broken system but a new protocol for money and freedom. So, if you really want to see bitcoin’s “price” rebound, take this “bear market” as an opportunity to educate people how to use bitcoin as it was intended to be used — as peer-to-peer electronic cash.

Very good (but not very well-known) melodic punk, for you enjoyooors of the genre out there

Spotify

Elements - Album by inbalanceCA | Spotify

inbalanceCA · album · 2023 · 7 songs

YIL that Illinois governor J. B. Pritzker, who just signed a bill that mandates a 0.2% tax on companies transacting with or storing crypto, once had five toilets removed from his second mansion as part of a tax fraud scheme. He had the mansion rendered “uninhabitable” so to pay significantly less in property taxes. He ended up not paying over $500k he otherwise would have had to have paid (until he got caught and had to pay some of that money back). The point is that the person who wants to make it more costly for reputable Illinois-based Bitcoin companies like @strike to do business is also the person who isn’t a fan of paying taxes himself. https://www.npr.org/2018/10/03/654201077/illinois-gov-candidate-removed-mansions-toilets-to-dodge-taxes-report-finds