SOB: Digging Into El Salvador’s Bitcoin Bill

El Salvador’s decision to make bitcoin legal tender shocked the world. Soon, the dust will settle and catchy headlines will become real, lived experiences for Salvadorans.

Join hosts Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy for a read-through and thoughtful conversation of El Salvador’s bitcoin legislation in full. The hosts discuss the highs and lows of the bill and potential risks to the country, its citizens and bitcoin globally.

Though many had predicted governmental adoption of bitcoin would come, none had predicted it would happen so soon. The rest of the world has watched attentively as El Salvador embarks on a nation-scale trial run of bitcoin as legal tender. This unprecedented circumstance brings an abundance of technical and social challenges. 

What will the great successes be with this experiment? Where can it go wrong? And how will the Lightning Network factor in? Most worryingly, will El Salvadore’s trust fund be the world’s biggest honeypot?

The bitcoin bill is set to go in effect very soon. Will El Salvador be able to address these concerns in time?

Links from the episode:

Today’s show featured Andreas M. Antonopoulos, Stephanie Murphy and Adam B. Levine. This episode was edited by Jonas, with music by Jared Rubens and Gurty Beats.

Image credit: Wilson Edilberto Santana Suarez/Unsplash, modified by Speaking of Bitcoin