Western democracies.” https://t.co/9smNKyabm0— DHH (@dhh) February 21, 2022
In a blog post titled “I was wrong, we need crypto,” the Danish programmer mentioned that he’s been skeptical about Bitcoin and the crypto industry in general since the early 2010s. He noted that some of his biggest arguments against Bitcoin were the cryptocurrency’s energy consumption, transaction fees, the lack of real decentralization, supposed fraud involving Tether (USDT) stablecoin and many others.
But all these arguments do not provide enough reasons to disregard cryptocurrencies as a tool to support freedom and democracy in situations where countries like Canada impose martial law in response to peaceful protest movement, Hansson argued, stating:
“It’s clear to me now that I was too hasty to completely dismiss crypto on the basis of all the things wrong with it at the moment.
I could see the fundamental promise of a digital currency free of banks if you were living in a failing state like Venezuela or an overtly authoritarian one like China or Iran, but how was this relevant to the vast number of Bitcoin boosters living in stable Western democracies governed by the rule of law? Beyond the patina of philosophical respectability it could apply to yet another get-rich-quick scheme?
Now what’s that saying again. Just because you’re paranoid doesn’t mean they aren’t after you.
It’s starting to smell like that. Just because Bitcoin’s most virtuous argument was presented – in if not bad-faith then in fig-leaf-faith – by get-rich-quick boosters, doesn’t mean it isn’t true!
Enter the trucker protests in Canada.
And for me to have to slice a piece of humble pie, and admit that I was wrong on crypto’s fundamental necessity in Western democracies.
And that it was the Canadians who brought this on? You might as well have told me that it was really the Care Bears who ran Abu Ghraib.
Especially since I had some sympathy with fears projected by the US progressive left who spent four years fretting Trump might pull stunts like these. Then it turns out that the worries of an authoritarian overreach would be fulfilled by Trudeau to the North instead? Who’s writing this script? M.
Meanwhile, plenty of American commentators are cheering this on.
On rails creator about bitcoin webmoney
Western democracies,” wrote the Danish programmer.
Since the end of January, actions against anti-COVID restrictions initiated by truckers have been taking place in Canada. On February 15, Prime Minister Justin Trudeau invoked the Emergency Act of 1988, which gives the government sweeping enforcement powers and allows banks to freeze the personal accounts of anyone associated with or supporting demonstrations without a court order.
Trending: SEC Investigates Coinbase Over Crypto Listings
Canadian Finance Minister Chrystia Freeland said the aforementioned law covers “crowdfunding platforms and payment service providers, all forms of transactions, including digital assets such as cryptocurrencies.”
In the blog, Hansson recalled that since the beginning of 2010, he was skeptical about bitcoin and the cryptocurrency industry as a whole.
His biggest reasons for not endorsing bitcoin were the need for transaction feed, high energy use and the fact that there was no real decentralization. He also talked about fraudulent activity related to Tether and other cryptocurrencies.
He also said that these arguments were not strong enough to dismiss cryptocurrencies entirely.
These are good tools for foster democracy and freedom in situations where martial law was imposed by the Canadian government. Peaceful protests in democratic countries are a must and crypto can help.
He categorically stated that he was wrong, and he can now see how it is useful to have access to funds that help to protect fundamental freedoms.
There is no doubt that his change of heart about Bitcoin in response to Canada’s invocation of the Emergency Act is seen as excessive.
Canada’s move to freeze Bitcoin (BTC) wallets and bank accounts related to COVID-19 vaccine protests is driving cryptocurrency adoption, with some crypto naysayers reconsidering their stance on Bitcoin.
David Heinemeier Hansson, the Ruby on Rails web development framework creator, took to Twitter on Monday to tell his followers that he was no longer a Bitcoin skeptic.
“I still can’t believe that this is the protest that would prove every Bitcoin crank a prophet. And for me to have to slice a piece of humble pie, and admit that I was wrong on crypto’s fundamental necessity in Western democracies,” Hansson wrote.
“I still can’t believe that this is the protest that would prove every Bitcoin crank a prophet.
Canada’s truckers have been protesting for weeks now because of COVID-19 related regulations. They occupied Ottawa streets and also managed to raise funding for their protests via Bitcoin.
The country moved to freeze any money in bitcoin wallets and other funds in bank accounts. This decision has people who don’t like the idea of crypto rethinking their stance.
One prominent person who has done this is David Hansson.
He was surprised that Bitcoin believers proved to be good prophets on the value of cryptocurrency. He admitted that he was wrong about the usefulness of such currency and how it is a fundamental need in every western democracy.
He also posted a blog on how he was very wrong about crypto and why it is so useful.
Those terrible, horrible, no-good, very-bad truckers got what they deserved! To protest for a repeal of pandemic restrictions, so as to live the life enjoyed in Denmark by a population less vaccinated than the Canadians? That’s clearly beyond the pale!
But in a weird way, I’m glad we all got this warning from Trudeau in Canada and not Trump in America. It would have been far too easy for Europeans in particular to dismiss authoritarian assertions of martial law from Trump as being irrelevant to the European experience.
Just like I had for so long deemed the practical desire of people in Venezuela or Iran or China for crypto irrelevant to the entire Western experience.
Is France really that different from Canada? Is Austria? Is Denmark? This is a real wakeup call.
It reminds me of the Snowden revelations.
To say I’ve been skeptical about Bitcoin and the rest of the crypto universe would be an understatement of epic proportions. Since the early 2010s, some of my most ferocious Twitter battles have been against the HODL army with the laser eyes.
There’s just so much to oppose: Bitcoin’s grotesque energy consumption, the ridiculous transaction fees and low throughput, the incessant pump’n’dump schemes in shitcoins, the wild price swings in the main coins, the obvious fraud that is Tether, the lack of real decentralization in most of the current web3 infrastructure, and on, and on, and on.
Beyond all these very real problems and challenges, my bigger beef was actually fueled by a lack of imagination.
Even with the protests cleared out, the police vowed to press their new financial powers against anyone involved for months to come.
So Canadians who donated to the truckers should now sleep with one eye open for the next several months, lest they have their bank accounts frozen, and indictments filed on the basis of laws enacted to prevent financing of terrorism? Or maybe their bank will simply preemptively cancel their accounts if they appeared on the hacked list of donators from GiveSendGo?
This is crazy. Absolutely bonkers. Terrifying.
I still can’t believe that this is the protest that would prove every Bitcoin crank a prophet.
And GiveSendGo indeed started doing just that.
Turns out the concern over the donations was quickly rendered insignificant, as just a few days later, the Canadian prime minister imposed martial law on the protestors. Through powers intended for catastrophic events, he took to freeze the bank accounts of both Canadian protestors and donors, to compulsorily demand that tow-truck operators clear the streets, and forced insurance companies to drop policies for the protestors.
Together with police storming the protests with pepper spray and stun grenades, the area in front of parliament was cleared. But even that wasn’t enough.
Prior to him bringing proof, the idea that America was processing all the emails in the world, recording any phone call anywhere at will, and monitoring all internet traffic just seemed so hyperbolic. I remember discussing this with a friend in the 2000s when the rumors of Echelon had gained some traction.
I just didn’t seem believable until it was undeniable.
I’m sitting with that same feeling here. Even just a few months ago, I would not have found it credible if you said a three-week peaceful protest in Canada could have lead to martial law, frozen bank accounts, and terrorist-financing laws being used to hunt protest donors. Unbelievable then, undeniable now.
I don’t think we have any idea what kind of radicalizing seeds have been planted by Trudeau with these actions.