The Native American Rights Fund Boulder office is hiring for the open position of Staff Attorney. Learn more about the vacancy at: https://www.narf.org/contact-us/join-team/
U.S. Supreme Court Bulletinhttp://www.narf.org/nill/bulletins/sct/2020-2021update.html
- One petition for certiorari was filed this week on 11/4/21:
- Big Sandy Rancheria Enterprises v. Bonta (Indian Reorganization Act; Taxation)
Federal Courts Bulletinhttps://www.narf.org/nill/bulletins/federal/2021.html
- Acres Bonusing, Inc. v. Marston (Tribal Sovereign Immunity)
- Bartell Ranch LLC v.
Hopefully, @IndiraKempis follows through with her laser eyes and helps introduce legislature to bring the Bitcoin standard to Mexico. Thank you for starting this revolution @nayibbukele.
Very exciting time are ahead.”
The National Deputy for Neuquén, Argentina, Francisco Sánchez, also added laser eyes as well and said, “I can’t believe it, but this is how it is.”
Is Latin America Adopting Bitcoin?
It’s too early to tell how much merit this trend has. Right now, the only country that has made significant strides toward Bitcoin adoption is El Salvador, which is said to be sending a bill to Congress this week.
“The #Bitcoin Bill proposal that we’ll send to Congress is almost ready.
Simple – Short – Sweet,” said president Bukele in a tweet.
Bitcoin appears to be a somewhat popular store of value. The volumes of national currency traded for bitcoins, compared to the national scale of money in the system, are very small in both Venezuela and Argentina, but are, nonetheless, distinctly trending.
When you put those trends in the context of many people simply not knowing what Bitcoin is prior to such situations, it makes sense that volumes are low — especially considering Bitcoin’s weak access assurances in many parts of the world outside of the US and Canada, Europe, and a handful of SE Asian countries.
While many Bitcoin proponents may view deteriorating economic and political situations as tangible opportunities to evaluate Bitcoin’s potential, the situation is fundamentally different for those experiencing it.
If she has it delivered, it costs $40 a load. “I don’t even have a water line to my home. So why are we giving these big developers a break in what they have to pay to the Navajo Nation when our own people don’t even have access to electricity or water lines?”
While the WestBlock mine generates millions in Bitcoin each month, Dutch economist Alex de Vries, who operates the Bitcoin Energy Consumption Index on his website Digiconomist, described this particular operation as “baffling” and a “waste of resources,” given the poor living conditions that Navajo Nation citizens continue to experience and lack of local benefits relative to the mine’s profits.
Bitcoin legal tender in the country.
The transition to legal tender removes capital gains from the equation and allows people to move and convert Bitcoin without worrying about taxes.
“As of now, El Salvador is set to be the first bitcoin country and the first country to make bitcoin legal tender and treat it as a world currency and have bitcoin on their reserves,” said Mallers during the 2021 Bitcoin conference in Miami.
El Salvador officially adopted Bitcoin as legal tender on June 9, 2021, making it the first country to do so.
What followed the announcement from El Salvador was a flurry of politicians and leaders from across various Latin American countries calling for the same type of action with the same motivation — to reduce the reliance on the dollar, slow inflation, increase financial inclusion and bring in more entrepreneurs.
- Inside the rightwing takeover of protest music (The Guardian)
- Standoff At 1492 Land Back Lane (The Walrus)
- Watching The Resistance: In western Canada, land defenders keep filming (Columbia Journalism Review)
- Wetlands vs. developers: A small-town battle with national ramifications (Broadview)
- Crypto-Colonialists Use the Most Vulnerable People in the World as Guinea Pigs (Motherboard)
- ‘Financial Colonialism’: A Bitcoin Mine in Navajo Nation Flares Tensions (Motherboard)
- In Era of Overlapping Crises, Drug-user Organizers Share Lessons Learned Fighting Abandonment (Shadowproof)
- ‘We are elite complainers’: Pup, the punk band satirising a shameless music industry (The Guardian)
- After the last pandemic, Canada made labour history.
The Documenting Bitcoin post said that Ostermann had added laser eyes indicating support for Bitcoin.
Another Federal Deputy of Brazil, Gilson Marques, made a new laser eyes profile picture with the hashtags #Bitcoin and #ToTheMoon. Marques also said he was the first deputy of Brazil to say “tax is theft” in the Chamber of Deputies.
Senator Indira Kempis de I.
of Mexico added laser eyes to her profile on Twitter and shared some Bitcoin-related posts in a show of support. She also retweeted Tyler Winklevoss who said, “First they ignore you, then suddenly Paraguay, Argentina, Panama, Brazi, El Salvador, and Nicaragua embrace #Bitcoin.”
Kempis also retweeted a Tweet from writer Derek Ross who said, “Mexico has joined Latin America in the #Bitcoin journey.
Venezuela — has been on a consistent uptrend for every quarter in the history of LocalBitcoins.
Add in the fact that LocalBitcoins volumes measured as “usage per economic person” are highest amongst Venezuela and financially or politically oppressive regions like Russia, China, Nigeria, and Iran, and you can see that Bitcoin is actually being used for many of its intended cases.
It is challenging at a micro level to discern whether or not people in such regions are tapping Bitcoin for its ability to skirt strict capital controls or use as a store of value, but we can couple rises in Bitcoin trading to more significant macro events to glean some insights.
For example, CoinMetrics’s 12th issue of the State of The Network report dives into the emerging narrative of Bitcoin’s use as a safe haven asset compared to a backdrop of global geopolitical and economic developments.
NTUA had a 15 megawatt load that was sitting unused at a substation near Shiprock, which MacLean said they bought nearly at cost “with some margin built in.”
WestBlock signed on to a five-year lease of 1.3 acres of land near the substation and built out the site to house equipment and miners. MacLean estimated that the build cost between three and five million dollars, and that the mine now holds equipment valued at $20 million USD.
“For us, picking up the offload, we solved a problem for them,” said MacLean, adding that they pay just six percent tax on all power and services. The mine employs between six and ten full-time workers.
“It’s not massive amounts of numbers, but it’s something,” said Maclean.
ALBERT SAMUELS: There have been issues between the Baton Rouge police and the black community.
Nothing has ever spiraled to this level of intensity.
GREENE: Samuel says that the city of Baton Rouge is really two cities.
SAMUELS: What we call North Baton Rouge is overwhelmingly African-American. And yet while there’s some economic development there, there’s also a lot of high poverty, a lot of high-crime neighborhoods.
And the southern part of the parish is prosperous. And Florida Boulevard seems to be the dividing line.
GREENE: The shooting this week took place north of Florida Boulevard.