0.00000002: Mike Peterson, Bitcoin Beach

Mike Peterson runs the Twitter handle @Bitcoinbeach and helped start that initiative in El Zonte, El Salvador. Many point to this community-led movement as instrumental in offering a playbook that made possible the adoption of Bitcoin as legal tender in El Salvador on June 8, 2021. That law goes into effect today (September 7, 2021).

As Bitcoin Beach has been Changing the Tide in terms of Lightning Network adoption in El Salvador, it is coinciding with some rather interesting positive side effects. People who generally could not think in terms of savings have begun to do so. The virtuous cycle of growth on Lightning Network leading to growth in cellular service, leading back to growth on Lightning. And more.

We also talked about:
*Why he's hoping for a slow rollout of the Bitcoin Law
*Most of Mike's life being preparation for understanding Bitcoin
*Bitcoin Beach's origin as a community-led initiative
*What most in financially privileged positions miss about the importance of Bitcoin and Lightning Network in areas locked out of the G7 financial system
*How Galoy is miles ahead because of their help developing Bitcoin Beach's Wallet
*Why lack of Internet access is a misguided critique of the new Bitcoin Law due to high levels of smartphone penetration and improvements in smartphone tech
*The power of Lightning Network, how it's bringing benefits to people in places like El Salvador, and how this wave may make it back to the shores of traditional centers of power

**Note: Nothing in this podcast constitutes financial or legal advice. The content within is solely for educational purposes. Please consult tax and legal professionals before making financial or other decisions based on what you hear.**