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Rethinking Bitcoin 2021 Connections – Bitcoin Magazine : Bitcoin News, Articles, Charts & Guides



I have some very fond memories of last year’s Bitcoin conference in Miami. On the first day, I picked up an Uber from my hotel in South Beach. It was the first Uber ride I ever ordered on my own phone. This boomer went to post! Later, Elliot Chun, a new friend I met at the conference, would comment that it’s crazy that I had bitcoin for five years before I downloaded the Uber app. Those are the crazy priorities of a 58-year-old! The Uber driver was Haitian so we spoke in French. I asked him if he knew about Bitcoin and he replied that he had heard of it but did not own one. I told him to download a wallet and I would send him some. I gave him my cell number to text me his wallet address if he would download a new wallet. My first memory of Bitcoin 2021 was arriving close to the venue and seeing a line of people reaching out to blocks and blocks waiting to go through security. There were some great outfits and the atmosphere in line was already buzzing. I said to myself, “This conference is going to be great.” It was such a change of scenery from my home and native country – Canada. Canada had very strict lockdown protocols and it was nice to arrive in a much more open and inviting city. I was able to cross the line due to my speaker status and I went through security without a problem. I had just packed my rooi bag and was walking towards the domes when a very pleasant lady in a t-shirt in front of the event staff said “I know you!” Her name was Trish Fernandes, a single mother and an absolute gem. We took a selfie with my phone because she wasn’t allowed to take pictures. She told me she had traveled from the west coast to volunteer at the event and stayed in a hostel to save on hotel costs. I thought to myself that the BTC community is insanely awesome. I started walking through the event park and was amazed by the atmosphere and the scale of the event. I saw the Swan Dome where I was going to do a live podcast with Brady Swenson. Immediately behind it was a dome that read: “FOSS DOME” – free open source software. The imprints on the dome were slightly misaligned and as you can see there is a way of reading it that says “Foss, DO ME.” I thought long and hard about my younger days and thought about the fun I could have with that interpretation. Let’s leave it at that. I sat at a shaded picnic table for most of the first day and met an incredibly diverse group of people. Professionals, Bitcoin enthusiasts and especially parents and young children. I also spent hours talking with an incredible Wall Streeter named Elliot Chun.Elliot and I have the same background as credit traders and risk managers during the Great Financial Crisis (GFC) in 2008. We also share the passion for Bitcoin and how it will revolutionize the financial world and will take out so many legacy players BTC will also reduce risk in the old financial system as much of that risk is due to leverage and counterparty risk, as we saw when Lehman Brothers defaulted during the GFC. Elliot and I still often talk about opportunities in the Bitcoin mining space and investment opportunities there. On the second day of the conference, the highlight of my day was meeting a group of enterprising Bitcoiners from Guatemala who had an exchange called IBEX Mercado. They had contacted me on Twitter and we met for a few beers in one of the “air-conditioned” tents. I thought to myself, “What an exceptional group of young men. This Bitcoin revolution is truly global and so promising.” I was supposed to be first on stage on Saturday morning. The crowd was amazing and I admit I was a little nervous. Right before we went on stage, the groups of speakers sat backstage and I met Dylan LeClair. What a rock star! I asked him why he dropped out of college after only a year and his response was classic, “I was sick of the Keynesian brainwashing.” I remember thinking, “If this 19-year-old boy has such guts, what should I be concerned about being on stage?” I have a huge amount of respect for the research Dylan is doing. Man, this community is something… The highlight of the conference for me was being on the podium with Preston Pysh, Jeff Booth and Mark Yusko.During our panel, I hoped to get three points across to the public.First, Bitcoin is the best asymmetric investment opportunity I’ve seen in my 30-plus years of risk management.Second, I gave a shout-out -out to the IBEX-t eam and their desires to build a Bitcoin Lake project modeled after the Bitcoin Beach experience in El Salvador. Third, I called out Canadian Prime Minister Justin Trudeau and his comment, “The budget will balance itself.” I said that this is a dangerous statement from a prime minister and that it will worry international lenders. (Bitcoin is essential for all citizens as a protection against prime ministers with bad policy decisions.) In addition, given the recent events in Ottawa, I am proud to have expressed my concern about Trudeau. I’d said, “He was born on third base and thought he was hitting a triple,” which is apt given his response to the freedom convoy in February and his lack of experience handling real crises. Later, on the same stage, Jack Mallers boarded the country El Salvador. Jack’s passion still brings tears to my eyes. Shortly after the conference, my friends at IBEX saw an opportunity in the neighboring country and took action offering trading solutions for their bitcoin platform. I have kept in touch with IBEX and have become good friends with its CEO, Jose Lemus. I love their team, their expertise, their drive and their passion. Jose and I have been spending time together in Miami for the past year and IBEX recently announced that they have been chosen to have traders in the city of Miami on board. On February 25, I made a commitment to invest in a capital increase for IBEX. Wow, things can go fast in eight months, huh? See you at BTC 2022. Your boomer friend from Canada – Foss. Bitcoin 2022 will be the biggest event in Bitcoin history, with an unprecedented array of technical, cultural and financial advances in the space. Use the discount code “MAGAZINE” for a 10% discount on ticket prices at https://b.tc/conference/registration to secure your place at the event. This is a guest post by Greg Foss. The opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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