Dear Readers,
Bitcoin adoption around the world is accelerating. Tens of millions of people are coming to understand the power of decentralized money that can’t be controlled, inflated, censored, or stolen. And billions more will learn that truth over the coming decades.
But the road to hyperbitcoinization is anything but smooth. Uninformed critics abound and are doing everything in their power to sow fear and misunderstanding about the true role that Bitcoin was built to play in society and economies. Many of them will grasp onto any half-truth or outright lie if they think it will scare people away from Bitcoin usage.
We unfortunately witnessed another example of such fearmongering just last week when lawmakers in the state of New York within the U.S. passed a far-reaching moratorium that will likely have lasting impacts on the state’s receptiveness to Bitcoin and the Proof of Work algorithm that enables its existence.
