2 years ago

SHOW NOTES:
https://www.whatbitcoindid.com/podcast/pro-bitcoin-legislation

Dennis Porter is the CEO & co-founder of the Satoshi Action Fund. In this interview, we discuss the intersection of Bitcoin and politics, and how the Satoshi Action Fund is orange-pilling states. Dennis outlines the success the fund is having in changing policy towards Bitcoin mining across multiple jurisdictions by focusing on its clear and direct economic and energy benefits.

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TIMESTAMPS:
00:00:00 Presidential Race
00:19:37 Political Campaigning
00:27:27 Bitcoin & Politics
00:37:33 Bitcoin, AI & Research
00:43:46 The Satoshi Action Fund
00:57:52 Bitcoin & the energy transition
01:12:16 Biggest wins; current State of Bitcoin
01:25:14 What’s next, call to action
01:36:26 Bitcoin cuts across partisan boundaries

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#Bitcoin #Finance #Economics

****

“What we focus on is Bitcoin mining because I can say that Bitcoin mining can provide jobs, local investment, grid stability, environmental cleanup, and the ability to enhance green and renewable energy projects; and there’s not a policymaker on the planet who doesn’t hear those things and go, ‘I want those things’.”
— Dennis Porter

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Over the past few months, a number of states have been passing laws protecting the right to mine Bitcoin mining. As the success of the US experiment is predicated on the protection of reserved powers within the states, the passing of such laws has the power to determine the trajectory of Bitcoin mining within the US. A number of advocacy bodies are behind this movement. Front and centre is the Satoshi Action Fund.

Dennis Porter, CEO and co-founder of the Fund describes his experience of orange pilling states. He discusses the importance of education. Bitcoin obviously takes time to learn and understand. This means advocates need to dedicate time and identify the right people to focus on. He sets out the strategy of finding and focusing on attractors who are open to learning and ignoring detractors who have already solidified an opinion.

Dennis also sets out what Bitcoiners should expect in return from politicians. Bitcoiners are now a powerful voting block, so we need to demand more than mere lip service from politicians who claim to support Bitcoin. We should strive for a transition from empty promises to the introduction and passing of policies that truly benefit Bitcoin and its community.

Dennis encourages all of us to participate in the political system: active participation is the best way of creating a better environment for Bitcoin. His inspiration is drawn from the founding fathers of the United States, who fought for independence through their political engagement. By getting involved, we can shape policy decisions that facilitate the growth and acceptance of Bitcoin.

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