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David Heinemeier Hansson – a Danish programmer of 32 – having been recognized on the behalf of O’Reilly and Google as the Hacker of the Year in 2005 for having created a web development framework named Ruby on Rails, presently acknowledges that his previous thoughts on cryptocurrency were wrong.

Hanson – who formerly had a skeptical perception regarding Bitcoin – noted in a blog post to be mistaken and that there is a requirement for cryptocurrency in reaction to the truckers of Canada who launched protests against the government’s mandates for Covid vaccination.

He mentioned that each of the Bitcoin cranks was turned into a prophet due to the respective protest, thus there is a need for crypto across the Western democracies. He added that previously he had been a stringent critique of the crypto world and Bitcoin.

In his words, the skeptical behavior thereof regarding this promising field underestimated the remarkable aspects of the respective space. He elaborated that since the early period of the 2010s, he carried out a few ferocious fights confronting the HODL army over the social media platform Twitter.

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After all that, a sudden diversion took place in his observation by realizing the requirement for BTC (Bitcoin) as a response to the latest totalitarian reaction from the government of Canada. He disclosed that initially, the police department of Ottawa reached GoFundMe to seize donations intending to redirect them toward the rest of the causes. Then, he moved on, they retreated to just seizing the funds for seven to 10 days in advance of refunding.

He considers that this scenario appears to be a mounting oppressive behavior against the collection of several million dollars for justice-related causes throughout the protest of 2020’s summer. Nonetheless, he revealed, this time, there was an involvement of a different platform for fundraising that was probably less collaborative with the authorities of Canada and exactly that was utilized by GiveSendGo.

As he sees it, the Prime Minister of Canada implemented a martial law on the people involved in protests, rapidly rendering the donations concerns insignificant. By using the powers reserved for disastrous situations, he ordered to freeze the donors as well as the Canadian truckers’ bank accounts, to wipe out the truck operators from the streets of the country, and pushed insurance firms to eliminate policies in the case of the protesters. Keeping all this in view, he now understands that dismissing crypto was a hasty decision on his behalf.

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Nathan Ferguson

By Nathan Ferguson

Nathan Ferguson is a talented crypto analyst and writer at Herald Sheets, dedicated to delivering comprehensive news and insights on the ever-evolving digital currency landscape. With a strong background in finance and technology, Nathan's expertise shines through in his well-researched articles and thought-provoking analysis. He holds a degree in Economics from the University of Chicago, and his passion for cryptocurrency drives him to stay up-to-date with the latest industry trends and developments.