Canada’s move to freeze bitcoin wallets (BTC) and bank accounts linked to COVID-19 vaccine protests has led to cryptocurrency adoption as some skeptics reconsider their stance on bitcoin.
David Heinemeier Hansson, developer of Ruby on Rail’s web development framework, took to Twitter on Monday to inform his followers that he is no longer a Bitcoin skeptic.
“I still can not believe that this is a protest that will prove that every bitcoin is a prophet. In order for me to have to cut a piece of the humble cake, I admit that I was wrong about the basic need for cryptocurrencies in Western democracies.” , Hanson wrote.
In his blog entitled “I was wrong, we need a cryptocurrency,” the Danish programmer stated that since the beginning of 2010 he had been skeptical of bitcoin and the crypto industry in general. consumption, transaction fees and lack of decentralization. Real Alleged Fraud Using Tether (USDT) Stablecoin and More.
But all of these arguments do not provide sufficient reason to ignore cryptocurrencies as a tool to support freedom and democracy in situations where countries such as Canada have enacted martial law in response to peaceful protest movements, Hanson said.
“Now it’s clear to me that I was in too much of a hurry to completely abandon encryption based on everything that was wrong with it at the moment. Instead of appreciating basic freedom of action, this is the best way we currently have to protect her. ”
Hansson’s transformation from a bitcoin skeptic to a bitcoin supporter in response to Canada’s emergency law is another example of the growing use of cryptocurrency, driven by somewhat excessive government involvement.
«Tons of lies in this Bitcoin article. But it still shows that the situation in Canada will accelerate Bitcoin adoption. ”
As Morgan Creek Digital co-founder Anthony Pompliano previously pointed out, the authoritarian actions of countries like Canada are “the bitcoin marketing team.”
On the topic: The crypto community condemns Canada for freezing dissident bitcoin wallets
According to some reports, Justin Trudeau’s financial intervention against anti-vaccination protesters may have triggered withdrawals from large Canadian bank accounts, prompting ATMs to cease operations.