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The "What is Money?" Show
Advancing US Bitcoin Adoption with Dennis Porter (WiM438)
Feb 21, 2024
Dennis Porter discusses Bitcoin adoption in the US, tension at the Texas border, Cannabis strategy, the timeline of crisis for Bitcoin, and the absolute power of money printing. Also explores the digital bill of rights for Bitcoin users and the importance of state support for Bitcoin.
01:04:18
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Quick takeaways
- States can protect Bitcoin companies from federal overreach by passing laws safeguarding basic services.
- Advocating for Bitcoin at the state level can create a network of states supporting industry growth and resisting federal constraints.
Deep dives
States' Rights Protection of Bitcoin
States have an opportunity to protect the Bitcoin industry by passing laws that safeguard basic services like payroll and electrical payments for Bitcoin companies being de-banked. This protection serves as a defense against federal overreach and can also act as a laboratory for policy ideas that may eventually influence federal regulations. By advocating for Bitcoin at the state level, individuals like the co-founder and CEO of the Satoshi Action Fund aim to create a network of states that support the industry's growth and resist potential federal constraints.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode