The Law Edition
The Law and Bitcoin
☀️ Hello Tribe Vibers! ☠️ This week we take a look at Bitcoin and the law. From our interview with Jacqueline Cooper of the Blockchain Legal Institute, to the EIA survey of Bitcoin miners, we bring the latest about Bitcoin and jurisdictional legal frameworks.
Welcome to another exciting week in Bitcoin! Coming up:
👩🎓 Bitcoin 101 with Penny Wise: Rules Without Rulers (code is law)
🗞News: The latest Bitcoin News
👩💼Women in Business: Where the action is happening
💰Investors: The hottest startup in Bitcoin this week
💼 Founders: The must-have tool for your Bitcoin-powered business
🐣Moms: Tips on how to teach your kids about Bitcoin
🎧 & 🎥Vibe of the Week: Our content recommendations
🎓 Penny Wise: Rules Without Rulers
Hi, my name is Penny Wise, and today I'm going to talk to you about how Bitcoin operates as a rules-based system without rulers 🚫👑. Bitcoin is a decentralized digital currency 💰, meaning it operates without a central authority or single administrator 🌐. Transactions are verified by network nodes through cryptography 🔒 and recorded in a public ledger called a blockchain 📚. This process is secured by a consensus mechanism known as proof of work 🛠, ensuring that no single entity has control over the Bitcoin network. The rules are encoded in the software, and participants in the network agree to abide by these rules 📜, making Bitcoin a trustless system where transactions are secure and autonomous, governed by code rather than central institutions 🖥️
📈 Trending Topics in the News
The Scoop🕵️♂️: The U.S. Energy Information Administration (EIA) is launching a survey on the electricity consumption of cryptocurrency mining companies, amid concerns from the community. This mandatory survey aims to gather detailed energy use data from commercial miners, starting next week, following authorization from the Office of Management and Budget.
Why you should care🚨: This initiative has sparked significant worry among miners, with some advocating for resistance. Critics, including notable figures in the Bitcoin community, view the survey as overly intrusive, potentially forming a detailed registry of U.S. mining operations. The requirement for such granular data raises alarms over privacy and operational transparency, with non-compliance threatened by severe penalties.
📚 Read the full article from EIA announcement here: https://www.eia.gov/todayinenergy/detail.php?id=61364
📻 Kristine Cranley, Investment Advisor Representative at PM Squared Financial appears on this recent radio episode with Talk Tokens to discuss this action by the EIA: https://apps.kcnr1460.com/media//podcasts//_2024-02-04.mp3
2. President Nayib Bukele has won re-election in El Salvador with more than 85% of the the vote
The Scoop🕵️♂️: El Salvador was the first country in the world to make Bitcoin legal tender. Their president, Nayib Bukele, was re-elected on Sunday 4th February with more than 85% of the vote. Along with a trailblazing approach to the country’s monetary system, he has also taken drastic action against the gangs, jailing thousands of gang members and subsequently reducing crime to such a degree that El Salvador is now statistically safer than Canada 🇨🇦.
Why you should care🚨: His reelection heralds a continued advancement in Bitcoin adoption across the region, with "Bitcoin citadels" emerging in Guatemala, Costa Rica, and Honduras, alongside a Bitcoin-friendly president's recent victory in Argentina. Latin America is seemingly outpacing the Western world in embracing Bitcoin, which finds itself hindered by poor legislative choices and toxic politics.
📺 You can watch Bukele’s speech here:
💼 Women in Business
Are you looking to learn more about Bitcoin Policy work globally? Here are some organisations active in shaping policy across various jurisdictions:
🇺🇸 The Bitcoin Policy Institute: “The Bitcoin Policy Institute is a nonpartisan, nonprofit organization researching the policy and societal implications of Bitcoin and emerging monetary networks.”
🇬🇧 Bitcoin Policy UK: “Bitcoin Policy UK is spearheading a movement to integrate Bitcoin into the UK’s economy. We’re rallying community members, institutions, the energy sector, and policymakers to unlock Bitcoin’s potential for households and businesses. Embracing this groundbreaking technology could catapult the UK into a sustainable future and solidify its position as a global innovation leader.”
🇨🇦 Bitcoin Coalition of Canada: “BCC is a non-partisan, not-for-profit organization active in the areas of education, outreach, research, and policy. Our mission is to make Canada one of the best jurisdictions in the world for Bitcoin and Bitcoiners”
Join Access Tribe
Are you curious about Bitcoin but find the tech talk overwhelming? Do you see potential in Bitcoin for your business or investments but don't know where to start? Access Tribe is your gateway to demystifying Bitcoin in a language you understand.
Why Join Us?
Community of Like-Minded Women: Connect with professionals, founders, and mothers who share your curiosity and ambition.
Non-Technical Learning: Our content is tailored to be engaging and easy to grasp, regardless of your prior knowledge.
Real Impact: Apply what you learn directly to your business and personal investments.
👉 Apply here: https://accesstribe.com/membership
💡 Investor Vibes
”What if businesses could get work done in a more efficient, scalable way, while also enriching the lives of knowledge workers around the globe? That’s exactly what companies are doing with Stakwork. Repetitive, complex tasks are often the critical factors driving (or blocking) organizational success, and tackling them in a burstable, resilient way has been a persistent challenge for operations leaders.
Hiring in-house can be expensive and resource-intensive, and changes in the volume of work often leave you under- or overstaffed in these roles. These teams are also highly brittle — sometimes it only takes a single member leaving to create a knowledge gap that it can take you weeks or even months to fill. And these team members will often leave — the work can be monotonous in a full-time setting.
Outsourced solutions aren’t much better. You may avoid worrying about scaling up or down to tackle bursts of work, but offshore teams tackling these repetitive tasks often experience extremely low job satisfaction.”
Why you should care🚨:
Gig work has been a thing for a while, but with a decentralised payment network, open to anyone, the hiring pool is now borderless, decentralised and fractional.
The future of work has arrived. Combining the power of AI and Bitcoin, Stak is blazing a trail in the employment sector with 19,000 workers across 46 countries. Funded by Ten31 and Stillmark, both bitcoin-only investment houses, Stakwork is one to watch!
Must-Have Tool: D++ Tech Sessions
Cypherpunk D++ has started hosting a series of tech-based Twitter spaces. This is your chance to hear discussions about Bitcoin tech and learn from some of the best in the industry.
Why It's Essential:
Understanding the underlying technology of the Bitcoin network will set you up well to build your business on the most secure, decentralised and censorship resistant network ever known.
🔔 Set your reminders here: https://twitter.com/D_plus__plus
👩👧👦 Bitcoin for Kids
Teach your kids about Bitcoin in a fun way! Jacqueline Cooper is the author of The Bitcoin Cinderella. “The Bitcoin Cinderella series is written for all ages. Learn the history of Bitcoin, bitcoin mining, the language of the blockchain and its inner workings through Samantha's adventures (our modern day Cinderella) as she travels around the world from the USA to El Salvador to Africa to Asia to Europe”
🛍 Buy your copy here: https://bitcoincinderellashop.com/
🎧 & 🎥 Vibe of the Week
Must-Listen Podcast: 🎧 This week we caught up with Jacqueline Cooper, founder of the Blockchain Legal Institute and author of The Bitcoin Cinderella.
We talked about:
✅ Why she founded the institute and what it seeks to achieve
✅ Women in Bitcoin
✅ Her bitcoin book series
Jacqui began her journey with a personal realization - a gap in her understanding of financial markets, cryptocurrency, blockchain, and retirement planning 🌐. Often, she found herself relying on the advice of others without truly understanding the implications. Now, she is committed to ensuring that others do not encounter the same obstacles 🚧.
She is passionate about empowering individuals with the knowledge and tools necessary to make informed decisions, leading to a more balanced lifestyle ⚖️. Whether you're an individual seeking personal growth or a small business owner looking to expand, she invites you to reach out directly at firstname.lastname@example.org 📧.
She's more than happy to share pertinent information tailored to your specific needs. Her multifaceted background spans law, national board special education, and various certifications 📜. This diversity offers a unique viewpoint that fuels the creation and operation of the Blockchain Legal Institute, a centralized resource for the decentralized legal community. To learn more, visit www.bli.tools. As a micro-influencer, she's built a thriving community exceeding 20,000 followers across various platforms, including LinkedIn, Facebook, YouTube, Twitter, Instagram, and other alternative platforms 🌍.
She hosts four talk shows, including CryptoMom2 and The Government Blockchain Association, available on eight platforms such as Beaker, Google, Apple, Spotify, Overcast, Radio Public, Pocketcasts, and Anchor. Here are the links to a couple of her shows: CryptoMom2 Show:
As an extension of her commitment to educating others, she's proud to be the author of the 'Bitcoin Cinderella' series 📚. These books (found on Amazon) serve as a unique blend of entertainment and education, creatively introducing readers to the world of cryptocurrency and blockchain through engaging storytelling. Aimed at audiences of all ages, the series has successfully made complex concepts accessible to everyone, from beginners to seasoned enthusiasts. Her mission as an author mirrors her broader professional goal - to empower individuals with the knowledge they need to navigate the ever-evolving digital landscape with confidence and curiosity 💡. www.bitcoincinderellashop.com.
🎥 Watch our full conversation here:
👋 See you all next week for more Tribe Vibes!