On Tuesday, Representative Keith Ammon addressed the committee and means of the house in New Hampshire House Law (HB) 302Which would allow the Secretary of the State Fund to invest in Bitcoin.
Speaking to the committee, the US debt was brought up excessive and made the New Hampshire state to invest in Bitcoin as a way to alleviate the effects of inflation.
When I listened to the petition, I felt that MP Ammon was dyed in a woolen currency, a person inside the system is doing his best to obtain members of the legislative body in the state that he invites home to see Bitcoin what he probably saw in his lies several satellites.
After talking to MP Ammon, I learned that this is actually.
Self -described software and “Bitcoin Maxi” (Bitco MAXI “(Bitco MAXI” (Bitcoin) is found two years after its establishment and published a word about it in New Hampshire since then.
As a founder New Hamebeshire Blockchain Council And the representative of the state, which is the main sponsor on Three current bills of bitcoin and encryption in the state Who is currently working on their way through the legislative process, MP Ammon may be the most prominent bitcoin lawyer in Granite.
The story of how bitcoin is found is the bad donkey for the boot.
Based on the way you spoke to a committee on Tuesday, a session on HB302, you got the impression that you are a currency currency for a long time. Is this the case?
Yes, and I will start back. I heard about something called Free state project In 2004, she moved to New Hampshire to be part of this. After years, I attended an event called Freedom ForumIt is an annual event set by the free state project. In 2011, there was a group of ancients who did not like the forum's agenda – it was a very company for them. Therefore, they rented two rooms in the hotel where the event was held and they had their own event, which they called “Alt Expo”. I wandered at it and only happened to sit in the room. Perhaps there were six people there. They had a slide display and they were talking about the ripples of the ripples, or XRP, which was Ripplepay. It was in advance, but it was a kind of contract system and people will loan money and IUS will flow back and forth. Not only clicked me. But I kept in contact with this small group of people, and after a few months, the idea of bitcoin came out of another discussion with them. I remember like, “Wow, this is amazing. This is the thing that will change the world.”
Do you understand it immediately?
I came from the background of software development, and read books like The creature is from the island of Gikly In my early twenties, my mental preparation was prepared to receive bitcoin concepts and the light bulb exploded early. I had a lot of understanding about large naked systems, which is basically what bitcoin is. But then, the game theory is amazing. Bitcoin is similar to the virus that inhabits the human mind and spreads from person to person.
How was it like an attempt to publish it to other members of the government?
Therefore, quickly forward until 2015 – I was elected to the state legislative body. We tried to suggest some bills related to bitcoin at the time, but no one understands bitcoin at that time. However, I have been with her, and now I am at the point where I am an expert in the matter within the legislative body. I am in my fifth period, and Bitcoin became more prevalent. Other politicians in New Hampshire communicate with me whenever they hear something positive about bitcoin. Well, they are also communicating with negative news, but recently, there has been a lot of positive news. Therefore, I find it a little easier to raise the legislative council.
I have made a lot of work to change the Overton window with regard to bitcoin in New Hampshire. In the committee session on Tuesday, I talked about the use of Bitcoin as a tool to hedge against the US dollars. It has mentioned that the US federal government is $ 36 trillion of debt and that it will have to print more money to meet its debt obligations. How do people interact in the government when they raise difficult facts such as this and suggest Bitcoin as a solution?
Our national debt is a very harsh fact that people often ignore. However, there are quite a few golden errors in our legislature, and they are from the common money thought school. But the majority in the legislative body, and the equivalent of people in general, look at the national debt like the asteroid that will come – we can see this coming, but we still have to wake up and go to work every day. It is a scenario where, unless you really install what is happening, you tend to not focus on it because it is a big problem. If the snow balls are escalating, it may cause enormous chaos in society. We don't want to happen, and we can see that there is an alternative with Bitcoin. You can pick up marble difference and switch. You don't have to suffer from the consequences. Well, you will be affected by the level of whether society begins to collapse, but you can reduce some consequences, or at least protect your personal sovereignty and wealth. I look at this to the state. The conversation was on Tuesday about the empowerment of the state treasurer to invest in digital assets with a market value of $ 500 billion or more. We are trying to move all these talks within the state government, and even when it becomes clear that Bitcoin is a solution to inflation, or the bankrupt countries, God forbid, the members of the state government are preparing to receive this message.
I am sure it is easier to make politicians see the problem more than convincing them that Bitcoin is a solution, though. Do you get a lot of retreat on HB302?
With this particular bill, we worked with Satoshi's work fund. She has become a companion with Dennis Porter and Eric Peterson. We started with one of the articles of the model. The first thing we did is we met with the treasurer. Dennis and his team appeared and I had two people there from Blockchain. We sat in the office of the treasurer and talked to it. She was not 100 % familiar with Bitcoin, but she was open to the idea of learn more about her. She also commented that her colleagues all over the country began talking about digital assets. After this discussion, we refined the bill. We modified it in the Trade Committee, which is the first committee that I went through. After that, we talked to the treasurer again about the modifications. She said that the government treasury may not invest in Bitcoin immediately, but it would be good to have another tool in the toolbox, which is another possible origin to invest in it.
HB302 states that only $ 500 billion in digital assets can be included in the reserve. As of now, Bitcoin only meets these standards. How did you reach this number and do you expect a number of other digital assets that are eventually added to the reserve?
There must be a kind of threshold, because we do not want anyone to get the idea that the state treasurer may invest in Meme currencies. However, we cannot explicitly say “Bitcoin” in legislation.
Why not?
It will be selected as choosing the winners and losers. Good legislation should be rational and not biased.
What is the possibility of HB302?
Well, so it is likely to pass the house, after which it will go to the Senate. I think there is a chance above 50 % it is going through the Senate. The problem is when the House of Representatives passes some bills and the Senate knows that there is a priority on the side of the House of Representatives, they comment on their things when the bill comes. For this reason, bills can sometimes die in this fire between the two councils.
Do politicians in the New Hampshire government now take the idea of the presence of Bitcoin or the reserves of digital assets seriously because they see members of other state governments that put draft laws that suggest the establishment of these reserves in other states?
I don't know. There are only a few members of the legislative body in New Hampshire who are interested in this. I try to confirm when I bear witness that the last one in the pool when it comes to Bitcoin loses. In other words, we do not want to be the last term that buys Bitcoin, because its price will increase significantly in the meantime, especially if other countries start buying first. There are still some doubts about bitcoin. All these wrong novels – such as that their use of energy will dissolve the planet or still use it only by criminals, terrorists and drug dealers – is still widespread. While new people are trying to wrap their head around it, they often hypothetical to discredit her as soon as possible, because after doing this, they can no longer think about it anymore. Therefore, these same arguments continue to be raised by new people who are still trying to discover this. The same happens in our legislative body. However, now that the Trump administration has spoken seriously about it, we are talking about how to be a Bitcoin country, this breaks some walls. Now, even if they do not understand it completely, at least they take it seriously.
If the HB302 is passed and the treasurer begins to buy Bitcoin, what is the type of war preparation that you imagine that the state will create?
Everything moves at the pace of the snail in the government, so the most likely scenario is that they buy some shares to say that Fedelity Spot Bitcoin ETF initially. Fidelity is similar to one of the largest employers in New Hampshire. This carries a lot of influence. Therefore, I imagine that they will invest a small amount in a car like this. But over time, the state's ability to obtain bitcoin is important. I imagine that they may not want to do this alone because they are afraid of losing their keys. Perhaps they want to place the joint institutional custody, such as what Unchained companies or others offer – a nursery through the institutions that have Multisig.
One of the issues that did not appear in many legislation related to bitcoin and encryption is encryption mixers and their legitimacy. Excess, and Samurai wallet and Hurricane criticism The developers are still in trial, although many other encryptions are being put under Trump's administration. What are your thoughts about encryption mixers? Should the Americans be allowed to use it?
Yes. Financial privacy is very important. It is bad if you purchase a cup of coffee and merchant that the store you spend in Sats at Can Canin Bitcoin Convert. The financial privacy is huge, and this is something we cannot abandon. However, however, it should be protected.
Any final ideas?
Yes, there is a lot of stake in the encryption space, and it becomes very annoying. Bitcoin is the opposite. It is the difficult truth. If you understand Bitcoin, you appreciate the truth, you appreciate honesty and transparency. It becomes one of the ages to always avoid these bullets from the larger ecosystem. The truth will win at the end. Many other projects in space are just noise – a large smoke screen.
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