This is an opinion editorial by Mark Shut, founder, educator and startup content creator.
The conversation about economic policy and regulatory changes, in addition to outdated monetary standards, is rooted in freedom and liberty through a new Bitcoin standard.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 involvement is not only necessary for freedom, but inevitable in a revolution that calls for a fundamental change in the monetary system.
At the forefront of this revolution are organizations dedicated to pushing Bitcoin and positive policy standards that provide more freedoms to citizens. They seek to correct the inefficiencies and corruptions of the outdated monetary systems that currently dominate the United States.
The purpose of creating Bitcoin is to provide a new payment system free of central control, giving ordinary people the opportunity to get involved in a decentralized financial system. The hope of this new currency is that of responsible financial systems and that starts with responsible legislation.
Lee Bratcher, president of the Texas Blockchain Council, led a conversation about the importance of political participation, talking 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 premier jurisdiction for Bitcoin innovation.
“Bitcoin miners (are) trying to influence policymakers and regulators to adopt Bitcoin mining so they can generate jobs, investment (and) innovation,” Bratcher told “Bitcoin and the American Dream” .
New Hampshire Senate candidate Bruce Fenton is a staunch supporter of Bitcoin, stressing the importance of the separation of money and state. The current fiat standard has led to extremely high inflation rates and corrupt financial systems with many people suffering. “The root of a lot of the world’s problems, really, really bad problems. The root of it is bad money. And, you know, I’ll go so far as to say evil. You know I think it’s really bad ” said Fenton.
Fenton believes that with new blood, America can change, returning power and freedoms to the people. He poses the question, “What makes good money?” Bitcoin is all about economic independence, freedom and growth. This decentralized monetary system allows everyday citizens to have greater control over the currency. The current corrupt fiat standard causes destruction while “Bitcoin is a solid economic alternative with a limited supply.” Fenton argues that the difference is night and day.
The first step in the progression 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 in support of other policy goals public Dennis Porter, its CEO, believes that educating policymakers about the benefits of Bitcoin mining is vital to achieving an innovative and productive regulatory environment.
Porter warns of the consequences of refraining from actively working to introduce legislation that supports the Bitcoin standard. He refers 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 ultimate goal of the fund is to educate as many policy makers as possible to see the benefits of Bitcoin mining, generating jobs, investment, innovation and many more benefits. With lawmakers 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 create an impact, bringing freedom and liberty back to people.
The way to make an impact is to stand up for what’s right and have a voice. Bitcoin developer, educator and entrepreneur Jimmy Song believes one way to achieve this is through lobbying. Through lobbying, we can work towards a freer government that allows for natural innovation.
The song educates people and, through Bitcoin, sanctifies their economic thoughts. It emphasizes the importance of being prepared for the coming economic crisis. “From my perspective, we need to be ready with some concrete steps that we can take,” says Song.
With Bitcoin and cryptocurrency, a new economic order is beginning to emerge that calls for decentralization, taking power directly away from state and federal governments and returning it to the people. We need to “show that we’re a force, that we have a lot of votes, that we can, you know, affect things and show our political muscle,” says Song.
To achieve a government that does not restrict people’s freedoms, it is crucial that individuals are politically active. Through Bitcoin, people are able to effectively fight against a corrupt old system based on fiat. We must elect politicians who will fight for the people and introduce legislation that will allow us to make real change.
Bitcoin enables economic independence and job creation, as freer 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 the state and money, giving people more control over their economic freedom. Bitcoin has great potential to create a new economic order and revolutionize the monetary system.
This is a guest post by Mark Shut. The opinions expressed are entirely my own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.