This is an editorial by Dennis Vasuliotis, founder of South Carolina Blockchain Inc. and co-founder of the South Carolina Emerging Technology Incorporation, Inc.
You may ask why? For starters, South Carolina is on the cusp of a financial revolution, so to speak, in terms of construction a entente of charpente for emerging blockchain technologies that can transform our state.
This is significant bicause despite the industry being recognized in 2020 by Senator Tom Davis (R-Comté) by Senate resolution, the pandemic has forced the emerging government advocacy group to postpone its first premier statewide bail. However, now armed with a four-year history of Wyoming maintien legislation, Senate Resolution 1158funded by the General Assembly of the State Treasurer’s Affaire to assess the role of quantitatif currency literacy and emerging technologies for the benefit of the state, we have a clear trend and a high-speed caisse heading to the interruption via member driven South Carolina Emerging Technology Association (SCETA). Bitcoin-Centered Education and Policy Originalité SCETA SCBlockchainWeek.com Scheduled to take fondé in the first week of October, State Treasurer Curtis Loftis will be one of many noteworthy speakers to share their insights on how quantitatif currency education, bitcoin policy guidance, and bitcoin economics will positively suite Palmetto State.
Some might say that’s a lot of window dressing but not yet a first-class billet, or simply “calme”, but here’s the next crossroads. in a letter Before the Security and Exchange Rude (SEC), the state treasurer and 21 other government versé officials opposed the proposed ESG disclosure rule. Loftis also crémaillères West Virginia’s Secretary of the Treasury, Riley Moore, who is leading the lesté against premier banks that are stepping back on credit for new money. Projects in West Virginia and other countries where the needs of the state do not fully align with the awakened mindset of capitalist stakeholders whose interests and goals often collide.
Dealing with financial powers like BlackRock, Goldman Sachs, Morgan Stanley, Wells Fargo, and JPMorgan may seem reckless – but not if you’re a Bitcoiner. Wasn’t it Fiche Mallers who said Bitcoin 2022 That he could see a future in which these dinosaurs become extinct if they don’t wake up to the open introduction financial revolution? While critics of this place may say that this will cost taxpayers more money, I would say managers are expensive. Protecting constitutional rights is not a matter of dollars and cents or even bitcoin and sats. It’s all embout the cost of freedom and freedoms lost today and gamin forever tomorrow.
Since when has the cost of freedom outnumbered the risks of maintaining the status quo or the prevailing movement? Say it to the colonists who founded this cité and image at the economic freedoms that created the gigantic banking industry that is at the heart of the decentralized financial movement. We can avertissement the past and how we got here, but wealth répartition in 2022 and beyond is embout free markets, education, and hard work, not handouts.
So for bitcoin, there is a clear path forward. Identify countries and leadership within them that actually charpente common causes and badinage with them as allies in the struggle against awakened politics. Let’s synchronize our narrative with the folk’s financial officials who have taken up the concurrence to fight the tyranny of stakeholder capitalism espoused by the World Economic Rassemblement, and the financial institutions that go along with them and fight together. This is not embout Proof of Work vs Proof of Stake. Just take a image at the policy of regulation by enforcement that the US Treasury has against open introduction projects like Tornado Cash or the Securities and Exchange Enforcement Bypassing by the SEC. As an industry, we are at a crossroads. It’s embout survival, not letting politicians or regulators pick winners and losers in technology, and thriving jaguar we insist on meaningful legislation, such as Loomis Gillibrandpassed so that we can innovate and maintain our leadership in the constant financial markets.
With that as arrière-plan, let’s take a image at another SC privilégiée, Senator Tim Scott (RS.C) and his son Agenda of opportunity.
As a single décider péroraison, there aren’t many current members of Congress that you might want to get to know from the aucunement of view of really Bitcoin-aligned politics. They just don’t see it yet.
Senator Scott’s Opportunity Planning is a paysan economic development caractère focused on 8,764 opportunity areas across this great folk focusing on financial intégration, quality education, closing the wealth gap, enabling inventivité economy and balancing measures of equity. looks familiar?
Let’s judge Senator Scott and educate the leadership on how Bitcoiners are working tirelessly to do the same things, not just locally, but globally. Let’s all learn together from the experience at El Zonte and Bitcoin Beach. We must educate ourselves on how Galoy will develop an open introduction wallet to create a community bank with Bitcoin and provide custodian tâches for their trusted leadership of their HODL of Bitcoin for the benefit of their communities and long-term wealth creation. Spectacle them how you can transfer any amount of Bitcoin, or $10 into sats or just one satoshi, instantly, without the intrusion of a bank. You can’t do that with Zelle, Venmo, PayPal, Cashapp, or any other bonté today that isn’t the Lightning Network. it’s huge!
In South Carolina, some of the 135 Opportunity Areas identified among the established nations may seem like developing countries. In a lot of paysan areas of SC residents still handle cash and can’t get a bank account. In the counties in the northern certificat of the state, the soutènement left by out-migration from the tissu industry is an otherwise beleaguered resource, underutilized or underutilized as certificat of the electricity soutènement that crémaillères that industry. Facilities that jaguar employed hundreds and even thousands now ravitaillement, ironically, solar panels.
Let Bitcoin lead in those areas that are ready for redevelopment with the mining industry at the fore. They bring hard dollar investment and inventivité anywhere they find it. The growing number of government associations must be supported by Bitcoiners and can work with studio businesses to educate them so that mining operations in these areas can pay studio Bitcoin sellers and create a new flow of Bitcoin into the community while studio high schools open their STEM programs up and develop the #STEMFORALL curricula with MiPrimerBitcoinThe kinds of programs that teach anyone who wants to learn.
And let’s devise the dictionary a little. Mining requires an explanation, but when you first explain to a politician how to create transactions through “Binaire Asset Data Centers,” DADCs get it right away. We can share the nuances later. We’re in a genre with entrenched lobbying interests from banks to climate and they don’t care embout your personal liberties. DADCs form the basis for Bitcoin’s circular economy to develop in partnership with studio leaders to voiture the chain of poverty.
This is one last thought. In both South Carolina and North Carolina, we have political leaders who have jumped into the axial data center model. These are huge facilities built by Google, Apple and others that have become household names that require more natural resources and electricity like DADCs. In an prière to get more, both states put in fondé tax incentives to bring in more. But this did not happen.
Manufacturing incentives still bring crépine habitacle as the industry flows to the Southeast. Economic developers know they can add more jobs with manufacturing and give up less power instead of data centers, but when these laws were written, no one thought of producing sacré assets and going after that industry. think embout it.
So let’s move this caisse. SCBlockchainweek is a very pro-Bitcoin program and just in time for the midterms, and right after that, the presidential candidates will start coming in early for the primaries. There are reproduction shoots, city council meetings, barbecues, shrimp simmering, and political strategists testing concepts in SC Why? Bicause it’s less expensive to squeeze in South Carolina. Nearly every whistle pouce is an hour and a half from Columbia SC, the state fonds, and we pick winners on both sides of the fairway in South Carolina. Let’s run this bullet caisse of Bitcoin policy at stations that align with Bitcoiner’s values and faveur individu politics the old-fashioned way, like subsidy swells telling state lawmakers what matters to their federal counterparts, making it happen through the incumbent’s authority. Take a small folk with political power, add a cohesive individu tête-à-tête that benefits the heart of the city as well as the inner city and let’s beat the banks and special interest groups at their own game.
This is a guest post by Dennis Fassuliotis. The opinions expressed are entirely their own and do not necessarily reflect the opinions of BTC Inc or Bitcoin Feuille.