Pro-Bitcoin Legislation with Dennis Porter - WBD683
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 14 July 2023
⏱️ 111 minutes
🧾️ Download transcript
Summary
Dennis Porter is the CEO & co-founder of the Satoshi Action Fund. In this interview, we discuss the intersection of Bitcoin and politics, and how the Satoshi Action Fund is orange-pilling states. Dennis outlines the success the fund is having in changing policy towards Bitcoin mining across multiple jurisdictions by focusing on its clear and direct economic and energy benefits.
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Over the past few months, a number of states have been passing laws protecting the right to mine Bitcoin mining. As the success of the US experiment is predicated on the protection of reserved powers within the states, the passing of such laws has the power to determine the trajectory of Bitcoin mining within the US. A number of advocacy bodies are behind this movement. Front and centre is the Satoshi Action Fund.
Dennis Porter, CEO and co-founder of the Fund describes his experience of orange pilling states. He discusses the importance of education. Bitcoin obviously takes time to learn and understand. This means advocates need to dedicate time and identify the right people to focus on. He sets out the strategy of finding and focusing on attractors who are open to learning and ignoring detractors who have already solidified an opinion.
Dennis also sets out what Bitcoiners should expect in return from politicians. Bitcoiners are now a powerful voting block, so we need to demand more than mere lip service from politicians who claim to support Bitcoin. We should strive for a transition from empty promises to the introduction and passing of policies that truly benefit Bitcoin and its community.
Dennis encourages all of us to participate in the political system: active participation is the best way of creating a better environment for Bitcoin. His inspiration is drawn from the founding fathers of the United States, who fought for independence through their political engagement. By getting involved, we can shape policy decisions that facilitate the growth and acceptance of Bitcoin.
This episode's sponsors:
Iris Energy - Bitcoin Mining. Done Sustainably Ledn - Financial services for Bitcoin hodlers Bitcasino - The Future of Gaming is here Ledger - State of the art Bitcoin hardware wallet Wasabi Wallet - Privacy by default Unchained - Secure your bitcoin with confidence
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Transcript
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| 0:00.0 | What we focus on is Bitcoin Mining because I can say that Bitcoin Mining can provide jobs, |
| 0:05.8 | local investment, grit stability, environmental cleanup, and the ability to enhance green and renewable energy |
| 0:10.1 | projects. And there's not a policymaker on the planet who doesn't hear those things |
| 0:13.2 | and go, I want those things. |
| 0:14.8 | Hello from Nashville. Me and Danny Boy are just about to pack up. We've had a great week here. Brilliant time over |
| 0:21.6 | of Bitcoin Park. They've done an amazing job over there. |
| 0:24.0 | Make sure you do go and check that out. The work for Odell, Harry Sarduk and Rod are doing. |
| 0:29.0 | Anyway, welcome to the What Bitcoin did podcast. |
| 0:32.0 | We're just brought to you by Iris Energy, the largest NASDAQ listed Bitcoin miner, |
| 0:36.0 | using 100% renewable energy. |
| 0:38.0 | I'm your host, Peter McCormack, and today on the show I have Dennis Porter. |
| 0:42.0 | Now, listen, Dennis has been doing some great work |
| 0:44.5 | recently. He set up the Satoshi Action Fund and he's been out there working with |
| 0:49.3 | politicians, senators, people in Congress to try and pass or try and support pro-bit coin legislation, |
| 0:56.0 | and he's had a lot of successes. So it made sense to get him on the show. |
| 1:00.0 | So while we were out here in Nashville, Danny spoke to Dennis, come over, come in, tell us the work you've been doing. |
| 1:07.0 | And so we get into a bunch of things. We do talk about the political climate, whether we should care about what politicians say or how they consider |
| 1:14.6 | Bitcoin and the work he's been doing. So I do want to say a big congratulations to |
| 1:18.6 | Dennis for the wins he's had and yeah I hope you enjoy. You got any questions about this or anything else. |
| 1:24.0 | Please do drop me an email. |
| 1:25.0 | It's hello what Bitcoin did.com. |
| 1:27.0 | We're packing up. We're off to Austin now. |
... |
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