April 15, 2022: Bitcoin Conference Redux 🎥🌽

Reviewing Miami’s Bitcoin 2022 Conference

I watched Bitcoin Miami so you don’t have to.

ChimpZoo @ThinkingBitmex

If BTC Miami didn't happen there's a real possibility we'd be at 55k right now

Actually, it wasn’t as bad as all that. While last year’s was more of a cringe-worthy dance party serving to release the pent-up energy among long-term isolates, this year’s conference had a bit more substance.

Han Tuzun📍🗽 @0xTuzun

Ethereum conferences vs. Bitcoin conferences

As boring as a Bitcoin ecosystem may be relative to ETH, the number of hardened maximalists who truly dislike the rival camp are in fact quite small. Most people seem to have some BTC, some ETH, some other coins.

udiverse @udiWertheimer

#bitcoin maximalism is pretty much dead at this point out of 30,000 conference goers it is mostly only the pastors onstage who bother pretending to not own any other assets this is good for bitcoin

In that spirit, I tend to believe it’s worthwhile to highlight the overlap in the communities. Sam Kazemian has been citing Bitcoin, Ethereum, and stablecoins as the three “trillion dollar narratives” in crypto. Bitcoin remains the largest market cap by far, and its pumps and dumps disproportionately drive the market. We all have a vested interest in rooting for its success.

crypto air gordo @GordoAir

If SWIFT was a corporation, what would be its market cap? Hundreds of billions, likely trillions like Aramco. Now what if it was far FASTER and Less Expensive. Like #Bitcoin . (And secured by billions in computing/energy unlike other coins). That's where $BTC price comes from.

Ryan Berckmans - ryanb.eth @RyanBerckmans

imo, the most uncomfortable truth in crypto is that BTC is a troubled asset BTC buyers can only hope to make money from future buyers and never from utility or store of value because Bitcoin has no apps, no significant fee revenue, and PoW is too expensive. The merge fixes this

CryptoCondom @crypto_condom

Sobering. This is why crypto is GMI mid & long term. Short term, we will follow equities into correction 👺territory. Expect a phoenix-like-rise from $BTC midterm. Look to @CreditSuisse's Bretton III report to understand why. I'm stacking sats, $ETH & yield generating alts.🤝

Blockworks @Blockworks_

Due to inflation, a US bank savings account would now have, on average, a negative 8.5% YoY return

Here are my takeaways from watching through most of the videos.