U.S. Representatives Patrick McHenry and Warren Davidson, have encouraged Bitcoin-powered innovation on the Bitcoin white paper's 11th birthday.
U.S. policymakers should not attempt to deter Bitcoin's tech.
U.S. congressman McHenry, who represents North Carolina's 10th District, urged that American authorities should not stifle the new technology in a tweet on Oct. 31.
According to the official, policymakers should facilitate the development of new technologies.
Rep. Davidson outlined Bitcoin's potential to protect online privacy, retweeting Cointelegraph's article on Bitcoin's whitepaper turning 11 years old.
"Eleven years ago, this anonymous white paper opened up infinite possibilities for technological innovation and #privacy protections. It's time the US harnesses this potential and establishes a framework for American #blockchain innovators."
Earlier in October, Davidson suggested that Facebook adding Bitcoin to its native crypto wallet Calibra would be a "Way better idea" than launching their own cryptocurrency Libra.
In a blog post on Oct. 31, major U.S. crypto exchange and wallet service Coinbase pointed out that Bitcoin's adoption has been developing much faster than other transformative technologies such as email and television.
"The television set was invented in 1927 but by the end of the 1940s only 2% of American families owned one. Bitcoin, on the other hand, went from an idea in 2008, and a first transaction in 2009, to over 27 million users in the US alone in 2019, or 9% of Americans."
According to a survey last spring, as much as 11% of the American population owned Bitcoin as of April 2019.
Two Pro-Crypto US Congressmen Note Bitcoin White Paper's 11th Birthday
gepubliceerd op Nov 1, 2019
by Cointele | gepubliceerd op Coinage
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