Bitcoiners must be politically involved – Bitcoin Magazine
This is an opinion piece by Mark Shut, a startup entrepreneur, educator and content creator.
The conversation around economic policy and regulatory changes in addition to outdated monetary standards is rooted in freedom and liberty through a new Bitcoin standard. The push for political engagement is not only necessary for freedom, but inevitable in a revolution that calls for fundamental change in the monetary system.
At the forefront of this revolution are organizations dedicated to pushing Bitcoin and positive political standards that provide greater freedoms to citizens. They aim to correct inefficiencies and corruption in the outdated monetary systems that currently dominate the United States.
The whole purpose behind the creation of Bitcoin is to provide a new payment system without central control, giving ordinary people the opportunity to be involved in a decentralized financial system. The hope for this new currency is one of responsible financial systems, and that begins with responsible legislation.
Lee Bratcher, president of the Texas Blockchain Council, led a conversation on the importance of political engagement, speaking with Bitcoin advocates Bruce Fenton, Dennis Porter and Jimmy Song about their involvement in promoting pro Bitcoin legislation.
The Texas Blockchain Council’s mission is to create a positive regulatory environment and become the leading jurisdiction for Bitcoin innovation.
“Bitcoin miners (are) trying to influence policymakers and regulators to adopt Bitcoin mining so they can bring in the jobs, investment and (and) innovation,” Bratcher said of “Bitcoin and the American Dream.”
Bruce Fenton, a New Hampshire state Senate candidate, is a strong proponent of Bitcoin, stressing the importance of the separation of money and state. The current fiat standard has caused extremely high inflation rates and corrupt financial systems with many people suffering. “The root of many of the problems in the world, really, really serious problems. The root of it is bad broken money. And you know, I go so far as to say evil. You know I think that’s really evil, Fenton said.
Fenton believes that with new blood, America can change, bring power and freedoms back to the people. He asks the question, “What makes good money?” Bitcoin is about financial independence, freedom and growth. This decentralized monetary system allows everyday citizens to have greater control over currency. The current corrupt fiat standard is wreaking havoc while “Bitcoin is a sound monetary alternative with a limited supply.” Fenton claims the difference is night and day.
The first step in the development towards a society where Bitcoin is a dominant currency is through education. The Satoshi Action Fund is a non-profit educational organization whose sole purpose is to inform legislators and policy makers about the importance of Bitcoin mining and how it can be used to support other public policy goals. Dennis Porter, CEO, believes that educating policy makers about the benefits of Bitcoin mining is critical to achieving an innovative and productive regulatory environment.
Porter warns of the consequences of refraining from actively working to introduce legislation supporting the Bitcoin standard. He points to states like Wyoming and Texas that are gradually adopting the Bitcoin standard, saying “But we can also see what happens when we don’t get active enough. We see states like New York going in the opposite direction.”
The end goal of the fund is to educate as many decision makers as possible to see the benefits of Bitcoin mining, bring in jobs, investment, innovation and so many more benefits. With legislators like Bruce Fenton and organizations like the Texas Blockchain Council, we can see real positive change in our country. Bitcoin reminds us and challenges us to make an impact, bringing back freedom and liberty to the people.
The way to make an impression is to stand up for what is right and be vocal. Jimmy Song, Bitcoin developer, educator and entrepreneur believes that one way to achieve this is through lobbying. Through lobbying we can work to achieve a more hands off government, which allows natural innovation to happen.
Song educates people, sanctifying their financial thoughts through Bitcoin. He emphasizes the importance of being prepared for the coming economic crisis. “From my perspective, we need to be ready with some concrete measures that we can take,” says Song.
With Bitcoin and cryptocurrency, a new economic order is beginning to emerge that calls for decentralization, directly taking power away from the state and federal governments, and bringing it back to the people. We need to “show that we are a force, that we have many voices, that we can, you know, influence things and kind of show our political muscle,” says Song.
In order to achieve a government that does not limit people’s freedoms, it is essential for individuals to be politically active. Through Bitcoin, people are able to effectively combat a corrupt old system based on fiat. We need to elect politicians who fight for the people and introduce legislation that allows us to make real changes.
Bitcoin allows for economic independence and job creation as a more hands-off government creates natural growth and innovation. At the forefront of this battle, the leaders of these organizations are fighting to create a framework that separates state and money, giving people more control over their financial freedom. Bitcoin has great potential to create a new economic order and revolutionize the monetary system.
This is a guest post by Mark Shut. Opinions expressed are entirely their own and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
