Congress Bitcoin Cyber Hornet’s Nest

Written August 12, 2021.

With the debate over the infrastructure bill, policymakers were caught off guard. Few in Washington anticipated Bitcoiners’ ability to respectfully and relentlessly express our disdain toward unnecessary regulation that is likely to have unintended consequences.

The last few weeks were truly an incredible moment in time. Never before has such a multidisciplinary, multigenerational and multiparty ​​group come together to show Congress the power of a decentralized community. Policymakers are now on notice that the Bitcoin community is a force to be reckoned with in public debate. Bitcoin was created to separate money from the state. But few foresaw the potential for bitcoin to motivate folks to lobby their government for positive change, let alone an almost successful, unanimous consent agreement.

Critics may claim it was a waste of time to engage in political activism on behalf of bitcoin. But this is the beauty of open-source technology. Each individual has a right to choose how engaged he or she wants to be. Many will be passive. But many more are paying attention and acting. Bitcoin is as profound as the Declaration of Independence was to our nation’s Founding Fathers. There should be little doubt that Bitcoiners will fight to protect it from government intrusion.