The 10th Annual Latin American Bitcoin & Blockchain Conference (LaBitConf) 2022, on November 11-12 in Buenos Aires, Argentina, offers a bright beacon of optimism amid a harsh crypto winter. The event features presentations from more than 120 international speakers, including Elizabeth Stark, Michael Sailerand Vitalik Buterin.
At the event, Benzinga met with another notable speaker, Jimmy song, a Bitcoin teacher, developer, and entrepreneur, and author of Programming Bitcoin and The Little Bitcoin Book. Song is also a decided Bitcoin Maxi.
He tweeted“Reminder: ‘Bitcoin Moderates’ told you to invest your money in FTX and BlockFi. Still think maximalists are toxic?”
The recent FTX exchange FTT/USD Debacle has had a strong impact Bitcoin BTC/USDwhich made a new 2022 low below $16,000 as well as crushed the FTT by 46.49%. The ripple effect hurt too Solana SOL/USD which lost 60% of its value in just 24 hours.
When asked about his presentation on the merits of BTC over fiat, Song replied, “I gave a presentation on fiat versus bitcoin, which is kind of a mindset shift that society goes through when you go for fiat, which is debt-based. and Bitcoin, which is based on performance. And those two things have a lot of downstream implications.”
Song believes in bitcoin as a superior alternative to fiat and other cryptocurrencies and believes its strength in Latin America is key.
“I think you see a lot of corruption and nepotism in Latin America. Just look at the official exchange rate of the US Dollar to the Argentine Peso versus the blue market exchange rate. There’s a big discrepancy because the Central Bank of Argentina wants capital controls,” Song said.They basically steal from people trading at the official rate. Central banks have been doing this for a long time.”
He advocates for the…
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