Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by Nidig and produced and distributed by CoinDes.

What's going on, guys? It is Sunday, July 18th, and that means it's time for Long Reads Sunday.

Last week, I read a piece that was basically a progressive argument for Bitcoin, and today is almost a bit of a follow-up.

It's by Andrew Bailey and Bradley Rettler, two folks who have been on this show before, talking about Bitcoin and philosophy,

and just the heterogeneity of political philosophy that actually exists within the Bitcoin

sphere. Many of you guys will be aghast at some of the proposals here, but I think it's a good

line of inquiry. The piece is called Bitcoin, an orange New Deal. What would it look like if

governments were to embrace and support the Bitcoin network? It was featured in Bitcoin

magazine, and I'm excited to share it with you now. Investing in Hope.

You know the New Deal, a massive and unprecedented effort the United States federal government

undertook in the 1930s to invest in infrastructure, build hope, and turn the course of a nation

towards prosperity and justice.

You've likely heard of the Green New Deal, too, all that infrastructure business, but

with a sustainable twist, we propose an Green New Deal, too, all that infrastructure business, but with a sustainable twist,

we propose an orange new deal. Bitcoin is hope. It can be an engine of prosperity and justice,

but to do that work, it needs infrastructure. Not roads or power lines, but lightning network

nodes and channels, education, wallets, and sustainable mining. The time to build Bitcoin infrastructure is now, but who is to build?

Recent events in El Salvador suggest a surprising answer.

Governments.

Many bitcoiners are libertarians or even anarcho-capitalists.

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