The Protocol: When Trump Bought Red-Meat Bitcoin Burgers, He Called It 'Crypto'
Donald Trump faced backlash from Bitcoin enthusiasts after promoting the decentralized-finance project World Liberty Financial, which is not aligned with Bitcoin principles. His visit to PubKey, a Bitcoin-friendly bar in New York, aimed to regain favor by purchasing burgers and Diet Cokes with Bitcoin, costing $998.77. The transaction showcased Bitcoin's viability for retail payments, using the Lightning Network and Zaprite for invoicing. Despite the goodwill generated at the Bitcoin Nashville conference, Trump's DeFi involvement raised concerns among purists. PubKey's founder acknowledged the ongoing journey of understanding the distinction between Bitcoin and other cryptocurrencies. Separately, Huddle01 plans to raise up to $37 million by selling media nodes for decentralized audio and video conferencing, leveraging technology from Ethereum's Arbitrum.
