Ruby on Rails Creator Backtracks As He Expresses Support For Crypto
22 Februar 2022 - 12:00AM
NEWSBTC
David Heinemeier Hansson has backtracked on his decision to not
support crypto. The Danish programmer who is famous for creating
the Ruby on Rails programming language had been a staunch opponent
of the crypto mission in the past. For Hansson, the ideologies
behind the creation of cryptocurrencies did not seem to make sense
in the western setting where rule of law prevailed. That is until
the Canadian Truckers Protest of 2022. The World Needs Crypto In a
move that shocked the world at large, the Canadian government had
enacted martial law against protesters who were involved in the
Canadian truckers’ peaceful process. It however did not end there
as the government had moved forward to financial warfare against
protesters and supporters. From suspending crowdfunding campaigns,
it has graduated to going after individuals by freezing their bank
accounts. Related Reading | Bitcoin Sets Stage For Reversal As
Unmoved Supply Nears All-Time High This move from Prime Minister
Justin Trudeau has sparked debates regarding government control and
individual liberty to transact. Hansson has chipped into this
debate with what can only be regarded as a heartfelt admission that
he was wrong about the role cryptocurrencies can play in the west.
In his post, the Basecamp founder outlined his past history with
crypto, explaining that while he saw the need for it in places like
Venezuela with its crumbling economy or China with its
authoritarian government, he just did not see the need for it in
the west. The Canadian Truckers Protest proved him wrong. Hansson
all but goes through the motions in his post that outlines not only
his past history with cryptocurrencies but how current affairs have
caused a shift in his beliefs. Noting his reaction to when news of
the GoFundMe freeze broke, he revealed that he “thought it was
something another fund-raising platform – one less likely to
collaborate with the Canadian authorities – could route around.”
And he was right as another platform, GiveSendGo, filled the gap
very quickly. The morale boost from this newfound investment route
would prove to be short-lived as the Canadian government had taken
it one step further as it began freezing accounts of protesters and
donors. This is expected to go on for months after the protests
have ended as the police have said it will continue this financial
warfare against protesters and donors. Market cap back above $1.7
trillion | Source: Crypto Total Market Cap on TradingView.com For
Hansson, this was the straw that broke the camel’s back and has
completely reconfigured his views towards crypto. Because
cryptocurrencies are not controlled by any entity or government,
protesters and donors would not have to worry about having their
assets frozen. Their right to transact is protected and cannot be
used again them in any way. Related Reading | Ripple Vs. SEC:
XRP Showing Strength In The Legal Fight As New Evidence Arises
Hansson closes out his statement by admitting he was “too hasty to
completely dismiss crypto on the basis of all the things wrong with
it at the moment.” Admitting that it’s currently the best shot at
protecting the freedom to transact. Featured image from Deseret
News, chart from TradingView.com
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