Bitcoin is the hardest money we’ve ever known, with only 21 million BTC to ever be mined. Importantly, Bitcoin is also unconfiscatable.
That happens to be the title of the best Bitcoin conference in 2022.
Held in Las Vegas at The D Hotel on Fremont Street, Unconfiscatable 2022 will host some of the most influential speakers in Bitcoin. Past speakers have included names such as:
Adam Back, Saifedean Ammous, Max Keiser, Jack Mallers, Stacy Herbert, Peter Todd, Jimmy Song, Giacomo Zucco, Trace Mayer, Murad Mahmudov, Peter McCormack, Tone Vays, Willy Woo, Dan Held, Jack Mallers, Leah Wald, MIR, Dan Held, Colleen Sullivan, Jon Najarian,
…and more.
At Unconfiscatable 2022, you’ll learn all about the technology of Bitcoin and what makes it unique. Some of the top minds in Bitcoin will explain topics like the following:
- Why networks that don’t use proof-of-work can’t be considered secure
- How digital scarcity is a built-in feature of Bitcoin that can’t be replicated
- How Bitcoin can accomplish anything that other cryptos can
Here is a preview of what the event has to offer:
The last event was held in 2020.
One of my favorite talks from that conference was given by Saifadean Amous, author of one of the most influential books in Bitcoin – The Bitcoin Standard.
The Bitcoin Standard vs. The Fiat Standard
On February 22nd, 2020, hundreds of people gathered at The D Hotel and Casino in Las Vegas for the second annual Unconfiscatable conference, hosted by Tone Vays. The conference centered around the technology of bitcoin and how it differs from that of other blockchains.
One of the most anticipated talks at Unconfiscatable 2020 was given by Saifedean Amous, author of The Bitcoin Standard.
The Bitcoin Standard is a famous book within the cryptocurrency community. In it, Amous explains many key characteristics about money, including:
- The history of money
- Hard money vs. easy money
- Gold and its monetary significance
- Bitcoin as the latest evolution of hard money
The first seven chapters of the book have almost nothing to do with bitcoin. Instead, they lay the groundwork for a discussion about bitcoin by taking the reader through the history of money.
The book looks at the various forms that money has taken throughout the ages and why some worked better than others.
Of the utmost importance is the realization that sound money, or “hard money,” has been crucial to human civilization flourishing and advancing, whereas unsound money, or “easy money,” has been the key contributing factor to civilizational collapse and tyrannical regimes throughout history.
These concepts will sound familiar to those who have studied economics in the past.
However, Amous gives a most interesting take on the subject by suggesting that with 21st-century hard money, Bitcoin, it’s now possible to unwind the fiat standard, which is based on debt.
This is an interesting point because, for the first time in history, a peaceful solution to the problem of the fiat standard exists.
In the past, when confronted with the reality of an oppressive government regime empowered by fiat currency, people had to choose to either flee the country or participate in a violent revolution.
Now, through the bitcoin standard, humanity has the power to go beyond that and undo the fiat standard without any bloodshed at all. And because bitcoin knows no borders, this can happen on a global scale.
There may be one caveat, however. Governments could, at some point, attempt to stop the unwinding of the fiat standard by controlling who can and cannot purchase debt.
“People might have to make a choice between fiat and bitcoin, for example, if you’ve ever posted on Twitter about bitcoin or you have a Coinbase account, or any of the fiat standard surveillance systems have tagged you as “Bitcoin” you may not be allowed to go into debt”
Given that hard money always rises in value compared to easy money, those who hold bitcoin will, at some point, be able to pay off their debts, “effectively unwinding the fiat standard.”
In the past, before the dollar became pure fiat in 1971, gold was the hardest money and it was what all central banks used. They “had to earn money like everybody else”, Amous noted.
The Fiat Standard
Amous made some compelling points by comparing the fiat system to the Bitcoin system. He noted that the current system has the following features:
- Fiat money is essentially “a violent autocratic sh*%coin that fully controls its user”
- Fiat functions as an Involuntary network, like “malware that throws you in jail if you don’t use it.”
- There is only one single node – the US Federal Reserve
- The token of the fiat network is debt: ”in this monetary system, money is debt.”
He also articulated the fact that new money is created all the time in the current system:
“In the fiat standard, money is made by lending. When you lend money you make more money…when you make a new loan, if you borrow new money, the bank is effectively making more money.”
This lies in stark contrast to bitcoin, which requires proof-of-work to create new money. Again, there are only 21 million BTC that can ever be mined.
Saifedean also made a joke about his recent losses in a particular fiat currency, the Lebanese Lira. After saying he got wrecked (#rekt) by having too large an investment in the Lira, he reminded the audience of a piece of age-old wisdom:
“Don’t invest more in these fiat sh#%tcoins than you can afford to lose.”
This evoked a hardy roar of laughter from the audience.
Leaders and So-Called “Elite” Empowered by Fiat
Saifedean used the example of Argentina, calling it a “soap opera,” with regard to how the loan sharks at the IMF and World Bank “pick at the carcasses of the pillaged nations.” He said that the country goes through the same cycle every 7 – 10 years but with different players.
He also made the observation that “the most horrific leaders we had in the 20th century, they all had fiat sh*%coins that allowed them to do what they did”, noting that the fiat standard “attracts the worst kind of people to power”
In contrast, Bitcoin “neuters governments and makes the fiat standard obsolete” because:
- Bitcoin is the hardest money ever
- Fiat is easy money
- It’s much easier to make debt than bitcoin
- This is like glass beads vs gold coins
Saifedean went on to say that even with 1% of the growth of the last ten years, the growth of the bitcoin economy will continue to grow substantially.
Unwinding the Fiat Standard
If BTC increases in value to the point where people can pay off their debts, “we are effectively unwinding the fiat standard,” says Ammous.
This is a powerful point because, for the first time in history, a peaceful solution to the problem of the fiat standard exists.
In the past, when confronted with the reality of an oppressive government regime empowered by fiat currency, people had to choose to either flee the country or participate in a violent revolution.
Now, through the bitcoin standard, humanity has the power to go beyond that and undo the fiat standard without any bloodshed at all. And because bitcoin knows no borders, this can happen on a global scale.
Unconfiscatable – The Best Bitcoin Conference in 2022
Are you ready for the best Bitcoin conference in 2022?
Join me and many others at The D Hotel in Las Vegas from March 3 – 6 for Unconfiscatable 2022. Here are some details courtesy of the conference organizers:
Topics will focus around the technology of Bitcoin and what makes it unique. No altcoins or other blockchain-related projects will be promoted or discussed. The Unconfiscatable “Bitcoin not Blockchain” conference is just that – for Bitcoin and Bitcoin enthusiasts, not centralized tech projects that claim to be decentralized.
The conference will feature several days of talks in addition to a variety of social events and activities. A brief overview of the weekend’s schedule is as follows:
Starting on March 3rd, we will have a FREE sponsor expo and demo sessions from 1-5PM. This is a great way to check in early, see scheduled demos from sponsors, and hang out if you’re in town!
Friday March 4th, is the first day of our conference! The Unconfiscatable Conference will be a Bitcoin event you don’t want to miss. We are bringing you high profile speakers from the world of Bitcoin to discuss the technology with emphasis on both scalability and privacy. Full day conference with solo presentation, fireside chats and panel discussions. Taking place once again at the D Hotel in downtown Las Vegas.
This is followed by a 4 star Bitcoin Carnivory Dinner taking place in the historic courtroom at the world famous Mob Museum. 7 PM Cocktail hour with the dinner to follow at 8 PM. Guests will have full private access to the Mob Museum.
Saturday March 5th, is the second day of our conference! This will conclude with a killer after-party featuring the “Tone Vays’ Scammy Awards.” Always lots of fun and the “Troll Table” will be in the house with commentary!
Sunday March 6th, we’ll be over at Neonopolis at 1 PM for an Axe Throwing Tournament, Bowling and some fun and games! For anyone still standing after an amazing Bitcoin ONLY Sin City Weekend.
Visit Unconfiscatable.com for tickets and more information. Tickets to the best Bitcoin conference in 2022 can be bought with either Bitcoin or fiat currency.
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