Grant McCarty
@grant_mccarty
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Co-Executive Director of the Bitcoin Policy Institute @btcpolicyorg | Johns Hopkins University | University of Alabama
Joined August 2021
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The Bitcoin PAC is here.
Get ready for an Orange Wave in Washington.
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I’m hosting a
@BitcoinMagazine
spaces tonight with
@JoshMandelOhio
, who’s leading the Ohio Senate race while running on a
#Bitcoin
platform. You don’t wanna miss this one, people.
Tonight at 8pm CST / 9pm EST. Spread the word!
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We just wrapped up the first Congressional hearing on
#Bitcoin
and its energy usage, and it’s been eye-opening to say the least.
In case you missed it, here are 5 key takeaways from the House Energy and Commerce Committee hearing on the environmental impact of Bitcoin:
(1/?)
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This should be a no-brainer, yet here we are. Witnesses like Brian Brooks and John Belizaire did a great job of defending
#Bitcoin
today, but we need other US mining companies and Bitcoin experts represented in these hearings in order to tell the full story around Bitcoin.
(3/?)
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Takeaway 1: We need more Bitcoin stakeholders involved in conversations about
#Bitcoin
.
(2/?)
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Takeaway 2: Democrats and Republicans are attempting to make
#Bitcoin
’s energy usage a partisan issue.
(4/?)
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Democrats think
#Bitcoin
’s energy usage is a serious issue, while Republicans think it’s merely a distraction. We’ve seen signs of this framing in the past, but this hearing showed us what it looks like when Bitcoin gets caught in the crossfire of partisan scuffles.
(5/?)
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I’m reflecting at the end of a long day, once again feeling unbelievably grateful for
@btcpolicyorg
and everyone who supported the second annual Bitcoin Policy Summit.
500+ attendees, 70+ speakers, 6 members of Congress on stage, and 40k+ online viewers😵💫🫠
Thank you all!!!
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This hearing showed just how much Congress needs to learn about
#Bitcoin
before they make decisions on policy, meaning we will likely see many more hearings just like this one in the coming future.
So get ready, everybody. This is only the beginning.
(End of thread)
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We’ve got a Fellow at our think tank debating the former CFTC chairman at an event hosted by the IMF.
@btcpolicyorg
has come a long way since we started, folks 🤠
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This hearing didn’t signal malice on the part of Congress; it signaled a lack of education. These people just don’t know enough about
#Bitcoin
to have that strong of an opinion yet, which brings us to the next point.
(9/?)
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Rep. Schakowsky made a comment about the witness panel being all-male, and while it was a half-joke, the message was well received.
Until Bitcoin becomes more diverse, we risk limited network adoption because people don’t see the
#Bitcoin
community as an inclusive space.
(7/?)
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Takeaway 3:
#Bitcoin
needs to become more diverse, especially in its public representation.
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Takeaway 5: The proof-of-work fight is not over.
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If you are someone with a PhD who wants to do/publish research on
#Bitcoin
, then reach out to us at
@btcpolicyorg
and we’ll pay you to do that👍🏻
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Clarification on my 3rd Takeaway: Bitcoin doesn’t “need” to do anything. I worded that poorly. And while Bitcoin is incredibly diverse, the average American doesn’t see it that way.
My comment was only about the public perception of Bitcoin and not about the network itself.
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Every single politician should have this level of understanding about
#Bitcoin
in order to dictate the laws and regulations of “digital assets”. Make this the expectation.
BREAKING: Two leading U.S. Senate Candidates debate their views on digital assets and
#Bitcoin
as the FIRST QUESTION in their head-to-head debate.
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For the first time in history (to my knowledge), we’re getting a couple hundred people in DC to gather in the same room to talk about Bitcoin only.
Not blockchain. Not crypto. Not web3.
It’s the Bitcoin Policy Summit.
Join us for some inside baseball!
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Wow!
This grant will allow
@btcpolicyorg
to bring people from across the world to Washington, DC to tell their
#Bitcoin
story.
I am incredibly thankful for the
@HRF
team for believing in our work and supporting our mission. Thank you!
Grant
#12
: The Bitcoin Policy Summit 2024, organized by
@btcpolicyorg
, is a critical platform for discussing how Bitcoin can play a role in protecting human rights. Funding will support event logistics, speaker travel, and attendance by human rights advocates 🏛️🗣️
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@MarkC89425121
You and I know that Bitcoin doesn’t discriminate, but the average person knows very little about the network and the community. In their eyes, all they see is a bunch of “crypto bros” talking about internet money, and that’s 👎🏻.
Public perception is still important for adoption.
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Followers go with the moment. Leaders have a backbone. They have the conviction to fight for what they believe in even when it’s hard.
@SenLummis
is a true leader.
As crypto casinos showcase scams and false promises, she’s doubling down on what is real and meaningful:
#Bitcoin
.
Thank you to
@btcpolicyorg
for inviting me to speak about the state of the digital asset industry.
My conversations with industry leaders have highlighted how close the US is to losing our title as the home of financial innovation.
I will not let it happen.
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Did an interview on CNBC, emphasizing Bitcoin’s role in the midterm elections.
This is just the beginning.
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My biggest complaint about the pod is that the headshots are far too high-quality. It’s truly alarming seeing yourself in 4K like this — who knew the most potent weapon was a mirror?
WBD788 - The Maturing Bitcoin Narrative with
@grant_mccarty
. We discuss:
- Crucial work at
@btcpolicyorg
- Flawed incentives in education & media
- How perception of Bitcoin is changing
- Evangelism & the
#Bitcoin
revolution
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We’ve been putting this together for a few months now, and I’m really proud to announce this publicly.
This is going to be the biggest thing we’ve ever done at
@btcpolicyorg
. Can’t wait to make it happen!
Announcing the Bitcoin Policy Summit — a conference in Washington, D.C. to explore
#Bitcoin
as a strategic opportunity for the U.S.
Visit for more information
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List one way that Bitcoin has changed your life for the better. I’ll go first:
Bitcoin has made paying employees overseas faster and cheaper than it was before. I’ve saved thousands of dollars in transaction fees using the lightning network as opposed to using PayPal for payment
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Three weeks ago, we hosted the first of its kind Bitcoin-only policy conference in Washington, D.C.
Thank you to every single person who helped make this happen.
I’m so proud of the work we’ve been able to do at
@btcpolicyorg
.
This is just the beginning.
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Highly recommend hiring Compass Coffee to work your event. Their team is incredibly professional, their stuff tastes amazing, and they don’t cut corners. Plus they’re real Bitcoiners.
10/10, we will work with them again!
Excited announce the next step of our partnership with the
@btcpolicyorg
as the official coffee sponsor of the 2024 Bitcoin Policy Summit!
Here's a quick message from
@realgoodcoffee1
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The world premiere of The Unbearable Weight of Massive Talent was electric. 1300 Nic Cage fans IN THE SAME THEATER AS NIC CAGE WATCHING A MOVIE ABOUT NIC CAGE PLAYING NIC CAGE.
Undoubtedly one of the greatest experiences of my entire life. 10/10.
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COLLEGIATE BASEBALL ASSISTANT COACH OF THE YEAR DANIEL MCCARTY.
@CoachDan__
helped lead Wilmington College to their first winning season in 17 years, during just his 2nd season as a college coach. The results speak for themselves.
So grateful to be able to call him my brother.
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The White House just released what they’re calling a “Comprehensive Framework for Responsible Development of Digital Assets”.
Here are 3 of the most important quotes, along with their implications, that
#Bitcoin
users should be aware of from today’s release:
(1/n) 🧵
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Giving away $50 in
#Bitcoin
to one of my followers via
@ln_strike
. Just like and RT this tweet + make sure you follow me, and I’ll announce the winner publicly in 48 hours!
Good luck!
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Like this tweet if you’re going to be in Austin for SXSW. I want to meet up with some
#Bitcoin
folks while I’m out there!
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I’ve read this book already — twice, in fact — and I can’t stress enough how good it is.
It’s genuinely well-written and engaging; it doesn’t bore you, if that’s what you’re worried about!
I’m so proud of the work these guys have done!
@resistancemoney
@rettlerb
@craigwarmke
…
Pre-order your copy of Resistance Money today! Just $29.95 gets you the most meticulously researched, lively, comprehensive, and measured evaluation of bitcoin to date — peer-reviewed, and published by a leading academic press.
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Listen to this and you’ll quickly begin to understand the kind of uphill battle we’re facing in DC with regulators…
The Battle for
#Bitcoin
in D.C. !!
"If someone believes in Bitcoin...they can't even work on the issues if they're at certain regulatory agencies. So we're in a Catch-22."
Interview with
@grant_mccarty
of
@btcpolicyorg
dropping tomorrow:
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👀👀👀
Announcing Grant McCarty as a
#Bitcoin2022
speaker!
@grant_mccarty
is currently the director of policy and public affairs at Bitcoin Magazine as well as the executive director of the Bitcoin Advocacy Project, an organization dedicated to educating the public on Bitcoin.
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#Bitcoin
’s environmental impact will continue to bother people until they get the value of the technology. Otherwise, any amount of energy will always be “too much”.
So make sure you let these reps know why Bitcoin is important to you — constituent voices can drown out the FUD!
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The first two speakers took 60 minutes total, leaving Natalie with just 15 minutes to speak before the event was schedule to finish. She spoke for 25 minutes, completing her presentation in full.
She didn’t ask for more time — she demanded it.
Based.
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I’m honored to have represented
@btcpolicyorg
at this event!
Special thanks to
@AtlasNetwork
@Udelalibertad
@RicardoBSalinas
and so many others!
BPI is stronger today than it was yesterday, and I couldn’t be more grateful for everyone who helped make this happen. Thank you all!
Felicidades a
@grant_mccarty
codirector de
@btcpolicyorg
y ganador del Shark Tank por su proyecto ‘Bitcoin and the Lighting Network’, que tiene el objetivo de detener malas políticas públicas que limitan la prosperidad que puede aportar el uso de Bitcoin y las criptomonedas.
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I’m in an arguing mood. Send me your spiciest sports/movies takes and I’ll debate you on them.
This should be a mess. Can’t wait.
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@WorldWideWob
@WorldWideWob
!!!
I’ve got two really good 100-level seats to Kings/Clippers tonight @ 6:30pm PST. They can’t be resold so I’m trying to give them away to someone via AXS. May you please help me find someone who can use them?
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My sisters saw that an actor from The OC was testifying before Congress today regarding the FTX situation and they asked me why he was qualified to speak to the Senate about crypto and I told them I had absolutely no idea 🤠
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@justinkan
Only thing I disagree with is “don’t start a service company”. Sure, if you want to be a unicorn, that’s probably good advice. But telling anyone who wants to start a business to not offer a service and only create a product is probably not always great advice.
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So many don’t even realize it, but some of the people claiming to fight for Bitcoin are actively harming its acceptance and adoption.
Remember when SBF said he was pro-Bitcoin but was taking meetings saying proof of work was bad? It’s kind of like that.
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Interested in supporting
@btcpolicyorg
? Also planning to go to
@TheBitcoinConf
in May?
Use ‘BPI10’ to get 10% off your tickets to B23, and BPI will get a percentage of your purchase!
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With this piece of legislation, Arizona will become the first state in the US to recognize any cryptocurrency as legal tender. But make no mistake: this is about
#Bitcoin
only, not alt-coins. The fact that this bill makes that distinction shows us that AZ is the real deal.
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@tibo_maker
This is great advice. So many people forget to validate product/market fit, and they burn through TONS of money just to figure out that no one wants their product.
You could have figured out the same thing with $500 of Google AdWords spend and a month of customer discovery😅
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Not sure if you all realize how incredible this is…
We have the LEADER OF A NATION speaking at Bitcoin 2022!!
We are proud to announce President of El Salvador
@nayibbukele
as a speaker at
#Bitcoin2022
!📣
At Bitcoin 2021 Bukele announced plans to make
#bitcoin
legal tender in El Salvador via video and will join the speaker lineup for 2022 in-person. See you in Miami!
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A few congressional offices have reached out requesting that I send them questions to ask at the FTX hearing on Dec. 13th.
If you could ask one question at the FTX hearing, what would it be?
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Margot has contributed so much to the
#Bitcoin
community, whether it be through her work at
@btcpolicyorg
or otherwise.
BPI remains proud to have Margot as a Fellow, but a bitcoin company needs to hire her ASAP. Miners especially could use her expertise.
It’s official. I am taking an extended leave from Georgia Tech to focus on bitcoin and the environment related research.
…This also means I need a job. Please share this with bitcoiners who are hiring, DM to talk.
*Please RT*! 🙏
🧵 highlighting my background 👇🏽
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How do you orange pill someone when they already have their mind made up on
#bitcoin
without having done the requisite research?
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Huge shoutout to
@BitcoinMagazine
for absolutely crushing it as our media partners. Their team is rock solid and consists of some of the best people I’ve met in the Bitcoin space.
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Any folks at
#Bitcoin
companies who have strong opinions about “Operation Chokepoint 2.0”?
@btcpolicyorg
and
@BitcoinMagazine
are hosting a Space tomorrow and we want to hear from industry folks about how the latest regulatory actions around crypto banking affect you.
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Can’t thank
@SwanBitcoin
enough for their support.
@btcpolicyorg
will only be successful if we have the
#Bitcoin
community behind us. Please consider donating to our organization today.
SPECIAL ANNOUNCEMENT 📢📢📢
For a long time,
#Bitcoin
has been underrepresented in academic and policy circles. This is one of the challenges of a truly decentralized project.
A thread 🧵👇
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@mysteriouskat
Stuff like this is harmful because it frames the outcome of the case in a way that is disingenuous to what the ruling actually indicates. Nothing was positively proven — he simply doesn’t have to give half of Satoshi’s coins to his partner.
Two very very different things.
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2 days ago, we put our reputation on the line at
@btcpolicyorg
and released a piece that went against the prevailing public opinion on the UCC amendment.
Today,
@EconWithNick
at
@CatoInstitute
published a piece that arrives at the same conclusions we did:
“Backlash against the UCC Article 12 has led to a firestorm among politicians who believe they are rejecting CBDCs. But these reforms represent a boon to Bitcoin, protecting self-custody and giving Bitcoin legal clarity in commerce and lending.”
@YaelOss
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TL;DR:
- The amendment is not a “back door for CBDCs”
- It confirms rights of Bitcoin holders
- Bitcoin is property, not money, and it’s better that way in US law
- Misinterpretations of technical language and political posturing resulted in the amendment being deemed “bad”
“Backlash against the UCC Article 12 has led to a firestorm among politicians who believe they are rejecting CBDCs. But these reforms represent a boon to Bitcoin, protecting self-custody and giving Bitcoin legal clarity in commerce and lending.”
@YaelOss
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@Jack37158717
@BitcoinMagazine
Bitcoin is apolitical, but that doesn’t mean governments can’t hurt Bitcoin users. That’s why we’re fighting to protect those users in the United States and around the world! Protecting them from their own governments and politicians who don’t have their best interests in mind.
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Highlight of my day: Listening to
@Prof_CarlaReyes
politely tell people they have no idea what they’re talking about when it comes to the UCC.
Hard to overstate just how wrong people were on this issue. The backlash was almost entirely unwarranted.
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@cinematorg
MCU actors are so talented to be able to have legit reactions to a green screen like this
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What a world we live in where a court can say you violated securities law by selling $700m worth of unregistered securities to institutional investors and that is viewed as a “win” for your company…
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Can’t sleep. Up thinkin’ about how witches make that big soup
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Today’s update from the Bitcoin Mining Council showed that less than 1/10000th of the world’s carbon emissions comes from Bitcoin mining.
A true mic drop moment for the next time someone raises concerns about Bitcoin’s energy usage.
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Honored to represent
@btcpolicyorg
at this event — the emphasis on Bitcoin during the conversation was extremely encouraging.
Thank you to
@MarshaBlackburn
and her team for making this happen!
Very productive roundtable discussion yesterday on all of the innovation we are seeing in the financial sector and how Tennessee can continue to lead the way — in healthcare, retail, music, and beyond.
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Former CFTC Chairman J. Chris Giancarlo is speaking right now.
BPI Fellow
@NSmolenski
will respond once his comments are over.
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She just dropped a heater: AML laws aren’t very effective at stopping illicit finance, and they hurt non-criminal actors more than they hurt criminal actors.
“Who are these laws for?”
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This is the most comprehensive overview of state level Bitcoin policy that I’ve ever seen. Check this out!
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If you want to do a deep dive into the latest regulatory actions regarding crypto banking:
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@BitcoinMagazine
And thank you to our sponsors! This event can’t happen without them supporting our work and respecting our independence.
BPI adds value in Washington if we are credible Bitcoin experts, not industry shills. Financial support with no strings attached makes this a possibility.
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That’s my brother!
Danny McCarty's brittle bone disease prevented him from playing the game he loves, but he more than makes up for it as a coach at Wilmington College. "He's always energetic. He's here. He's ready to go. I think baseball is everything to him."
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Props to
@TXblockchain_
for trying to make this right. It’s hard to do good legislative work when misinformed people are fighting against you… and even harder when those people are supposed to be on your side.
Glad that we can set the record straight and move forward.
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J. Chris Giancarlo with his best comment of the night: even if there is going to be a CBDC, it’s vital that its introduction does not coincide with the suppression of Bitcoin and other open monetary networks.
He thinks a CBDC can protect privacy; Natalie disagrees.
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Blue-collar workers work harder than 95% of the people I’ve worked with and known in the corporate world. It’s not just that it’s “different work”. The people I know who do white-collar jobs work fewer productive hours, take more breaks, and often settle for low-quality work.
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They asked about digital assets, so I wrote about Bitcoin.
Check it out.
Today, we submitted a response to
@USTreasury
's request for comment on responsible digital asset development.
As a trustless open monetary network,
#Bitcoin
can play a foundational role in creating a truly fair and financially inclusive society.
Report:
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More announcements to come…
Announcing the latest speaker for this year's inaugural Bitcoin Policy Summit – none other than
@strike
CEO
@jackmallers
Jack's keynote will explore how America stands to gain from the growth of Bitcoin's lightning network.
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@WalkerAmerica
@jackmallers
@Amanda_Cavaleri
@btcpolicyorg
@SwanBitcoin
Really appreciate your support, man. Getting this stuff in front of as many people as possible was important to me, which is why we spent all the $$$ we did on the livestream. Thank you for all the clip tweets and for believing in the work we do at BPI.
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@rationaldaft
@btcpolicyorg
Unfortunately just the way the DC + academic worlds work :/
But show me someone who could do good enough research to get published in Nature (just as an example) and show me that they have a track record of being able to do that, and I will gladly consider supporting their work!
@awertheim
@NeilJacobs
@btcpolicyorg
Not gonna write this off, but we have to give preference to people with a PhD and/or university affiliation due to the way things are perceived by policymakers in DC.
Can you create research that’s good enough to get published in a well-respected academic journal? That’s the bar
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@sprainhill
My parents adopted two children while I was still in the house, and they would tell you that it was one of the best decisions they ever made despite any challenges.
From my perspective, as their sibling, it’s been one of the greatest things that’s ever happened to me.
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@shariq_says
@TrungTPhan
Well one of the main points is that walking around is effective BECAUSE he’s the best player in the world. Of course it wouldn’t be as effective if you were a scrub player, because then teams would have no reason to overdefend you in the way that they do to Messi.
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@WorldWideWob
UPDATE: Gonna give them to Rick so he can take his daughter to his first NBA game!
Sorry to everyone else — wish I had more to give! Thank you all for being awesome.
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Did an interview at B22.
Ignore the clickbait title + don’t even feel the need to watch it if you don’t want to. I just wanted to point out that some of the comments on this video are hilarious. One guy said: “I wouldn’t hire this boy to mow lawns”😭😭😭
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Takeaway
#1
: The Fed is going to continue to explore a CBDC. No surprise here, but frustrating nonetheless. I’ll spare the anti-CBDC analysis for the moment.
*cough*
@btcpolicyorg
may or may not be releasing a whitepaper on CBDCs at the end of September *cough*
(7/n)
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Our open letter to
@elonmusk
got the
@BitcoinMagazine
YouTube account banned???
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This conversation has barely been about CBDCs. Hope Natalie re-centers the conversation into the really important stuff.
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@NickAdamsinUSA
Duncan was one of the best teammates of all time, but this is a bad take. Duncan is not in the top 5 — James is a unanimous top 3 player of all time, even if you hate his politics.
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