On March 13, the Leadership of the International Alliance for theatrical theater employees (IATSE), a subsidiary of one of the oldest unions in Hollywood, which represents several thousand lighting devices and lighting technologies, announced that it has bought an unspecified amount of bitcoin in its public budget. The advertisement – who made it in a union meeting and in a victorious press statement Posted in Bitcoin MagazineIATSE 728 is the first private sector union to obtain bitcoin as part of larger financial planning.
“This initiative, which was approved by the vast majority of its membership, was implemented with the help of proving the workforce, a non -profit institution devoted to helping unions adopting bitcoin through education -based initiatives,” Bitcoin magazine.
This came as news for some IATSE members, who had no idea that the Union was thinking about diving in the encryption markets, much less than this procedure to vote. The Federation’s Facebook group lit up with the opposition, according to the joint screenshots with it Nation.
“Is this real?” He asked one member. “Can someone run his memory and remind us exactly when this was approved through an overwhelming majority of membership? In what meeting happened this to vote? ”
Others answered that while he was discussed at a meeting, many members were unaware. They wondered about the wisdom of purchase, especially when many union members struggle with the basic necessities amid the slowdown in the industry level.
“It is not logical a long -term investment of Union pensions,” said Michael Parks, a 29 -year -old lighting technician who was eight -year IATSE. “It is clear that this is a big mistake, and they are trying to isolate themselves from criticism.”
IATSE 728 did not announce the volume of Bitcoin – or any encryption exchange or the opposite party it was using – but the union members were told that it reached about 1 percent of the Federation’s assets. IATSE officials did not respond to multiple requests for comment.
Through regular membership dues and large pension funds, the unions offer an attractive financial goal for Bitcoin promoters looking for more users. To maintain its price, Bitcoin requires new payments of real capital-the real dollars-consumer encryption market has been greatly falter since the collapse that led to the collapse of the Crypto Crypto exchange in November 2022. It is likely to oversee the Trump administration and AI CZAR, David Sacks. The treasury secretary is compatible with that strategy.
Evidence of the workforce, 501 (C) 4 non -profit, thanks to the help of iben 728 in finding a debt on bitcoin, led by an firefighter and bitcoin evangelist named Cathedral inHe devoted himself to organized work in bitcoin. According to a story, I told me the interviews, he was at service in the Southern California beach in 2022 when he received a call about a person who harmed diving in the ocean. Bay and his crew came to the swimmer, who complained about a painful neck. They decided to transfer him to the hospital. It turns out that the injured swimmer was an analyst for Swan, a encrypted company that facilitates bitcoin transactions for good efficiency retail investors. It also turned out that the swimmer had a broken neck and needed emergency surgery. At the Bitcoin Conference the next day, Bei Cory Klippstein, SWAN CEO, who thanked him for helping to save the life of his employee. Bei will describe the event as a pivotal “orange filling”-a moment when his belief in Bitcoin was renewed. (Later, he conducted the Hajj required from Coiner to El Salvador, where authoritarian president Nayeb presented the Bochil Bitcoin as a second official currency, only to retract the project this year after the lack of interest between El Salvadorians.)
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Bei was evidence of the workforce in 2023 on the task of enhancing bitcoin adoption of unions. A former executive official joined the council’s tract. (Organization Technical advisor Is the person who goes to the title D ++. He described himself as a federation man and appeared in offers like Progressive bitcoiner and Bitcoin with blue collars.
Bei won the credit to persuade many firefighters unions to buy Bitcoin, including its locality in Santa Monica, where the city is now. “Bitcoin Office official“Bey is a coordinator. Bei is passionate but not ideological. He speaks in a comfortable server drawing, and encourages workers to enable themselves with the latest digital financial tools. Workers get a raw deal, and Bei appears to be thinking, but he does not speak like a typical worker or union official in the classroom, the strength of the company, or workers’ rights.
Bitcoin is designed “to protect workers, our purchasing power and our precious time in which we trade for money.” He said to me On stories of the podcast.
Bei Bitcoin is considered safe, without danger – he claims that, despite the notorious currency fluctuations, it has maintained a total rate of prices over the past decade. He also praised public institutions, such as a Firefighting pension funds In Texas and the public pension fund in Wisconsin, Bitcoin added to its public budgets. It was believed that bitcoin was suitable for firefighters. He said they were working around the clock throughout the week and there is to help people.
In an email, Bei said he nor evidence of the workforce has any fees or commission from IATSE 728. He will not reveal the donors to his institution. “I am the main financier of non -profit organizations,” he wrote.
Bei is now nominating the Calpers Board of Trustees, California Pension Fund, the largest general pension system in the United States, with more than 2 million members and $ 500 billion in assets. With President Donald Trump and the Republican Party, which works to legitimize the gray markets in Crypto – while removing all financial handrails in this process – the encryption industry sees tremendous potential to benefit from institutional investors and definitely want to see an ally on the Calpers.
Michael Parks, IATSE Lighting Technology, says he prefers to see his union addressing financial safety issues and the urgent place he and his colleagues face. Hollywood is still in an economic stagnation, with no fun jobs to circumvent. Some IATSE members who suffer from a lack of work in their dues, which means that they cannot attend meetings and keep pace with trade union developments. This includes gardens, who have discovered the purchase of Bitcoin from the Instagram post.
While its members are struggling, IATSE 728 did not reduce dues. Members who are still working on the stresses of the extended working days, and the potential job injuries, including the risk of car accidents with the continuing workers. “In the past few years, a few of us have died,” Parks said. technical He was killed after his fall through a broken platform on the Disney show collection Man.
The gardens are not convinced that the Dom B evidence of the workforce is motivated by charitable empowerment or empowerment of workers. “Any increase in the value of bitcoin, which is something that he intends strongly, will lead to more money,” Parks said.
Parks wants to listen to his locality to the members who were surprised by the Bitcoin deal, stripping its property, and promised not to invest in encryption – “what was not,” he added, “We are planning to enter money laundering.”