Ruby on Rails creator backpedals about Bitcoin: 'We need crypto'
Ruby on Rails creator makes u-turn on Bitcoin due to Canada’s financial crackdown on COVID-19 vaccine protesters. Canada’s move to freeze Bitcoin (BTC) wallets and bank accounts related to COVID-19 vaccine protests is driving cryptocurrency adoption, with some crypto naysayers reconsidering their stance on Bitcoin.David Heinemeier Hansson, the Ruby on Rails web development framework creator, took to Twitter on Monday to tell his followers that he was no longer a Bitcoin skeptic.“I still can’t believe that this is the protest that would prove every Bitcoin crank a prophet. And for me to....
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The creator of Ruby on Rails says the situation in Canada is “terrifying” and “a real wakeup call.” He admits that he was wrong about bitcoin and cryptocurrency. “A few months ago, I would not have found it credible if you said a three-week peaceful protest in Canada could have led to martial law, frozen bank accounts, and terrorist-financing laws being used to hunt protest donors,” he stressed.
‘I Was Wrong, We Need Crypto’
The creator of Ruby on Rails, David Heinemeier Hansson (DHH), has admitted that he was wrong....
Basecamp Co-Founder and creator of Ruby on Rails David Heinemeier Hansson (DHH) is known for his position on Bitcoin and cryptocurrencies. In 2018, the Danish programmer gave an interview in which he made the case that Bitcoin is a “Ponzi Scheme”, a common argument amongst BTC critics. Related Reading | Canada Chokes Crypto Supply, Freezes […]
David Heinemeier Hansson has backtracked on his decision to not support crypto. The Danish programmer who is famous for creating the Ruby on Rails programming language had been a staunch opponent of the crypto mission in the past. For Hansson, the ideologies behind the creation of cryptocurrencies did not seem to make sense in the western setting where rule of law prevailed. That is until the Canadian Truckers Protest of 2022. The World Needs Crypto In a move that shocked the world at large, the Canadian government had enacted martial law against protesters who were involved in the....
If you are a creator who is operating online, you’re likely stymied by many challenges that are part of the creator ‘framework’ that exists today. Meanwhile, the audience of content consumers seems to be ever-growing, and the ‘creator economy’ has become ever-present. Emerging platforms, such as Substack or Patreon, have laid a foundation for creator-first […]
Ethereum had seen its balances on exchanges decline through 2021. This happened despite continuous market rallies that sent the digital asset towards all-time highs. Investors had accumulated all through bull rallies instead of trying to dump their coins, leading to reduced supply on centralized exchanges. This was also propelled forward by the growing popularity of DeFi. However, this trend is starting to reverse as exchange balances are now on the rise. Ethereum Exchange Balances Touch 3-Month High New on-chain reports have shown that Ethereum exchange balances are on the rise once more.....