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On this week’s episode of “Bitcoin Bottom Line,” moderators Steven McClurg and CJ Wilson are joined by Matthew Pines, a senior advisor at Krebs Stamos and a National Security Fellow at the Bitcoin Policy Institute.
Wilson begins by asking Pines, “What is the discovery path to Bitcoin?” Pines describes the increase in “tangible actions taking place in various government agencies.”
From the perspective of adversarial thinking, McClurg asks: “Which countries do we see as potential threats to Bitcoin as a global digital currency? Which countries are really embracing it more? Where does the US fall on the spectrum of support?”
Pines replies, “The United States is a remarkably pro-Bitcoin place, and while the political action and social media hostility tends to get a lot of attention … if you look at where the conversation was two or three years ago , and compare it to date, the development is consistently positive.”
Wilson then asks about Europe, wondering “is there more room to improve bitcoin policy there?” Pines explains, “One thing that makes it unique is that it’s an economic union, but not a political union… the euro is a new thing, it’s only been around for about 30 years, not much longer than bitcoin, so they [Europe] have a keen political interest in the success of the euro.” He adds: “They have a much more keen sense of currencies as a political unifying entity, and anything that comes in and might break is inherently viewed with suspicion.”
Wilson asks about Pines’ work with the Bitcoin Policy Institute, which he describes: “We partnered to bring out more rigorous, thoughtful, fact-based research analysis on bitcoin-specific policy issues to inform the conversation and provide resources… to help.” inform political decisions.”
McClurg expands on this thread by asking about the narrative that has been attributed to Bitcoin’s energy consumption and “what it is.” [Bitcoin Policy Institute] do to combat this narrative.” Pines explains, “You can argue with it, but you ultimately need data to see what’s happening on the ground… and empirically examine the claim.” He continues, “Bitcoin Mining companies are investing millions of dollars in operations in states across the country with job creation and a tangible impact across the grid, it’s a more enduring story that’s by definition irrefutable.”
Listen to the full episode to find out more!