In the United States, a government resolution has been published recognizing Satoshi Nakamoto and Bitcoin.
The Louisiana House of Representatives, on behalf of House Speaker Mark Wright, adopted and signed Resolution HR 33, titled “Bitcoin and the Cryptocurrency Industry.” The resolution was adopted to honor Bitcoin for its success, as well as to recognize cryptocurrency creator Satoshi Nakamoto “for his contributions to economic security.”
HR 33 states:
“The resolution is intended to express appreciation for Bitcoin for its success in becoming the first decentralized trillion-dollar asset and to urge state and local governments to consider ways that could help them benefit from broader use of this new technology.”
Bitcoin “could potentially replace gold as a monetary reserve,” the document emphasizes Bitcoin’s limited supply, noting that it is “fully decentralized” and enables secure transactions without the need for a trusted third party.
It also notes that “Bitcoin has not only proven to be an essential tool for business, but is also an essential tool for citizens around the world to protect their funds from currency debasement.”
Interestingly, the resolution also mentions another cryptocurrency, Moxey, as “a proprietary community digital currency invented in Louisiana.” “Moxey is a community of thousands of business owners who support one another and, most importantly, can buy and sell goods and services with each other without using dollars. Instead, they use their own community currency, Moxey Dollars.”
And that is already public money, the very same time-dollars that I talked about in my video.
Very positive news. However, the major media have so far preferred not to notice it. Representative Mark Wright is a Republican, a well-known and popular figure. Mainstream media like him. He is a frequent guest on various shows and interviews, and is also a well-known Bitcoin bull.
Meanwhile, the exchanges have received another batch of fiat liquidity worth more than $1.5 billion. If the economic tabloids pick up this news on Monday and new expert assessments of Bitcoin’s uniqueness and limited issuance appear there, it will mean that the compression cycle has come to an end and it is time to bring more retail buyers onto the exchanges.
