World’s largest bitcoin conference is underway in Miami

OB >>> JACK DORSEY MAKING SOME NEWS ON BITCOIN A FEW MOMENTS AGO, SENDING SHARES OF SQUARE HIGHER. HE SAYS SQUARE IS CONSIDERING MAKING A HARDWARE WALLET FOR BITCOIN. IF WE DO IT, WE WOULD BUILD IT ENTIRELY IN THE OPEN FROM SOFTWARE TO HARDWARE DESIGN AND IN COLLABORATION WITH THE COMMUNITY. IN A LATER TWEET HE WRITES, WE DON'T WANT MORE PASSWORDS ON POST ITS HE IS TWEETING FROM MIAMI WHERE HE IS SET TO SPEAK AT BITCOIN 2021 CNBC'S.com'S LINMACKENZIE SIGAL JOINS US LIVE. CAN YOU TELL US WHAT THE VIBE IS THERE? >> Reporter: THANKS, CARL.

50,000 PEOPLE ARE EXPECTED TO HEAD TO THE CITY OF MIAMI FOR WHAT IS BEING BUILD AT THE BIGGEST BITCOIN EVENT IN HISTORY. THEY CAPPED OUT AT 12,000 ATTENDEES THAT ARE HERE AND THE OTHERS THAT ARE HERE ARE FOR THE SIDE EVENTS HAPPENING. THERE ARE A TON. I FLEW IN YESTERDAY AFTERNOON AND I SPENT EIGHT HOURS TRAVERSING MIAMI GOING FROM EVENT TO EVENT THERE ARE EVENTS DEDICATED TO BIT CLOUD. IT HAS BEEN QUITE AN EXPERIENCE. >> MACKENZIE, I CAN'T IMAGINE HOME BUSINESS CARDS, VIRTUAL CARDS THAT YOU ARE COLLECTING AT THIS CONFERENCE. YOU KNOW, WE HAVE BEEN TALKING ABOUT ELON MUSK THIS MORNING WITH SOMECONTROVERSIAL SWEETS, ESPECIALLY AMONG THE BITCOIN COMMUNITY.

ARE PEOPLE TALKING ABOUT HIM DO THEY — YOU KNOW, IS HE AS DIVISIVE A FIGURE DOWN THERE OR HAVE THEY SORT OF MOVED ON >> OH, NO, HE REMAINS VERY MUCH A DIVISIVE FIGURE WITHIN THE CRYPTO COMMUNITY YOU KNOW, PEOPLE DON'T THINK THAT ELON MUSK OR REALLY ANYONE, NOT EVEN GOVERNMENTS, HAVE THE POTENTIAL TO STOP BITCOIN. THEY SEE HIS MESSAGING A FEW WEEKS AGO ABOUT BITCOIN'S ENVIRONMENTAL IMPACT AS VERY MUCH A TEMPORARY SETBACK YOU KNOW, I ASK PEOPLE ARE THEY WORRIED ABOUT THE RECENT SELL-OFF, AND THE RESOUNDING ANSWER IS NO EVERYONE IS HOLDING ON TO THEIR BITCOIN FOR DEAR LIFE. >> MACKENZIE, HOW NERDY IS IT THERE IN MIAMI IT IS A TECH CULTURE, THEY'RE TALKING ABOUT IT AS AN IMPORTANT SILICON VALLEY ALTERNATIVE I WONDER HOW MUCH OF THE FOCUS IN THIS CONFERENCE IS ON THE TECH AND, YOU KNOW, THE KIND OF DEEP CODING STUFF AND HOW MUCH OF IT IS NOT >> Reporter: YEAH. WELL, ONE THING THAT IS REALLY IMPORTANT TO NOTE ABOUT THE CONFERENCE IS THAT IT IS VERY MUCH BITCOIN SPECIFIC.

SO IT IS NOT A CRYPTOCURRENCY PER SE YOU HAVE THOSE THAT BELIEVE THAT THEY THINK BITCOIN IS THE FUTURE OF FINANCE SO WITH THAT IN MIND, IT IS BITCOIN 100% AS YOU SAID, YES, THERE ARE A LOT OF CODERS HERE AND LIKE THE TOP PEOPLE IN THIS SPACE THAT ARE VERY MUCH IN THE WEEDS OF BLOCKCHAIN IT IS A HUGE CONVERSATION AS WELL AND TALKING ABOUT FUNCTIONALITY THERE. SO I HAVE BEEN LEARNING A TON. I HAVE BEEN IN THIS TECH REPORTER ROLE FOR THREE WEEKS AND I'M ASKING A LOT OF QUESTIONS. >> YEAH, I CAN IMAGINE I GUESS MY LAST QUESTION, MACKENZIE, WOULD BE IF YOU LANDED ON PLANET EARTH FROM OUTER SPACE AND CAME STRAIGHT TO THIS CONFERENCE, WHAT WOULD YOU THINK IS THE MOST IMPORTANT COIN >> OH. SO WITHOUT BITCOIN, LIKE WHAT IS THE NEXT ONE I WOULD CHOOSE? >> EXACTLY WHAT DOES GET THE MOST BUZZ RIGHT NOW? >> Reporter: EVERYBODY IS TALKING ABOUT ETHEREUM BECAUSE ETHEREUM 2.0 IS THIS RELEASE THAT'S IMMINENT.

IT IS REALLY THE UNDERLYING BLOCKCHAIN THE COIN ETHER.

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