Op-Ed: The Miseducation of Government and Bitcoin

Most just lately a number of members of the federal government have made deceptive and disparaging feedback in the case of blockchain and cryptocurrency expertise. Add to that, a part of the brand new infrastructure invoice has parts in it, designed to punish and hinder these within the blockchain trade.

This state of ignorance, and lack of information, is current in each political events, Democrat and Republican.

Whereas there are federal blockchain and cryptocurrency caucuses advocating for the acceptance and use of Bitcoin and different cryptos, in our municipal, state and federal
authorities, there are sturdy forces lined as much as usher in Bitcoin’s demise.

After I hear politicians similar to Sen. Elizabeth Warren whose stated that Bitcoin is powered by “shadowy faceless group of tremendous coders,” or Treasury Secretary Janet Yellen who says bitcoin is an “extraordinarily inefficient” solution to conduct transactions, and Congressman Brad
Sherman, who says “Bitcoin must be outright banned,” I understand it’s a wake-up name to coach our flesh pressers on blockchain and cryptocurrency expertise.

These politicians face a traditional case of blockchain illiteracy. Earlier than researching and studying precisely what the trade is and the way it works, they’ve listened to different blockchain illiterates and have been satisfied that Bitcoin is dangerous, and is one way or the other a risk to our present
system, stuffed with criminals and different dangerous actors.

It’s of main significance that our elected officers know the true information on blockchain and cryptocurrency. Subsequently, it’s incumbent upon every workplace holder of municipal, state and federal governments, to learn and comprehend the “Bitcoin Whitepaper.”

A small minority of native authorities officers, similar to Miami’s mayor Francis Suarez have made the “Bitcoin Whitepaper” accessible for the general public to obtain and evaluate, together with ushering in Miami as a crypto hub.

I’ve included a link that will allow you to download this amazing and historical document. Please obtain and browse it, and when you’ve completed, request your native and state authorities officers due the identical.

For an informed authorities on blockchain and crypto is a authorities that can set widespread sense insurance policies and capitulate to the truth that the way forward for cash is in blockchain and cryptocurrency.

Creator: Majeed A. Kariem, CBP
C4-Licensed Bitcoin Skilled | President, Blockchain Retailers Assoc.


For more information on the Blockchain Merchants, click here; for previous columns, click here.


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