El Salvador will issue a Bitcoin Bond with the ticker symbol EBB1. Half of the money (500 million dollars) will be used to buy and hold bitcoins, the other half for infrastructure investments, with geothermal energy from a volcano and bitcoin mining the main focus. Investors in the bond will get the option of permanentContinue reading “Bitcoin to the Rescue”
Category Archives: Bitcoin Law
Book Review: Privacy and Identity Issues in Financial Transactions, by Carolin Kaiser
I am reading this excellent 2018 dissertation on a well deserved recommendation by Simon Lelieveldt. It is an extensive discussion of money laundering and data protection human rights standards. The main thesis of the book is that anti money laundering law is not compatible with basic human rights standards. I approve. For the very least,Continue reading “Book Review: Privacy and Identity Issues in Financial Transactions, by Carolin Kaiser”
The B-Word
I just watched the Youtube record of a conversation between Elon Musk, Jack Dorsey, and Cathie Wood titled “the B-Word”, moderated by Square Crypto lead Steve Lee. I learned that Twitter still does not take Bitcoin as a payment for advertising. Musk asked Dorsey to think about doing that. And that Musk is considering takingContinue reading “The B-Word”
Book Review：Bobby C. Lee, The Promise of Bitcoin
This book was recently published. Having some interest in Bitcoin, I bought a copy on Kindle. What I liked best about it was the conviction the author has. As he remarks frequently, the only thing that matters is the long term development. And said long term development is good news for anyone buying and holding.Continue reading “Book Review：Bobby C. Lee, The Promise of Bitcoin”
Harry Sudock on Bitcoin Mining Energy
I just listened to the podcast “The Truth about Bitcoin’s Energy” with Harry Sudock on the “What Bitcoin Did” podcast hosted by Peter McCormack. Sudock is working as a VP of Strategy for the “Griid Infrastructure” mining project. I learned that in the American market power lines don’t extend more than 500 miles. I learnedContinue reading “Harry Sudock on Bitcoin Mining Energy”
EU Climate State Aid Rules Draft
The EU Commission has published a draft of their revision of the State Aid Guidelines for renewable energy. The public has a chance to comment until August 2nd. This is a public comment on this draft. The existing 2014 version of the guidelines helped change the German law on renewable energy from a very successfulContinue reading “EU Climate State Aid Rules Draft”
Nayib Bukele on Twitter Spaces
Just spent an hour or so listening to a discussion hosted by Nic Carter on Twitter Spaces at the occasion of the Assembly in El Salvador passing the Bitcoin Law. There were over 20,000 people listening. And President Nayib Bukele was one of them. He turned out speaking a bit to the crowd about thisContinue reading “Nayib Bukele on Twitter Spaces”
El Salvador Bitcoin Law Draft
President Nayib Bukele just tweeted the draft Bitcoin Law that will establish the status as legal currency in El Salvador. For further reference, I retyped the English translation text from the pictures in the tweet, adjusting for a minor translation error from the original Spanish version in Article 15. Update: Already approved by the AssemblyContinue reading “El Salvador Bitcoin Law Draft”
El Salvador
The President of El Salvador, Nayib Bukele, just announced to the big Miami Bitcoin conference going on that El Salvador plans to be the first country adopting Bitcoin as legal currency. There was a standing ovation for that announcement, as well there should be. Bitcoin shines for developing countries. For El Salvador it will helpContinue reading “El Salvador”
Reusable Proof of Work and Renewable Energy
When discussing the energy expenditure of the Bitcoin network one should note that Bitcoin is not only a proof-of-work but a reusable-proof-of-work system. The electricity used for mining new blocks is paid for by issuing new bitcoins and by fees for including transactions. The first part of that reward is for making something that willContinue reading “Reusable Proof of Work and Renewable Energy”
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