Pro-Bitcoin Legislation with Dennis Porter
Where to find the show
Download Episode MP3 File
The file will open in a new window. Click down arrow to download the file.
SHOW DESCRIPTION
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.
- - - -
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.
TIMESTAMPS
00:01:36: Introductions
00:01:57: Presidential race
00:21:10: About Dennis
00:28:59: Bitcoin and politics
00:41:19: AI as a writing tool and a research tool
00:47:49: The Satoshi Action Fund
00:50:23: Educating staffers with Bitcoin books
01:00:30: Bitcoin and the energy market
01:18:54: Biggest state-by-state wins, and right to mine
01:28:08: Current state of Bitcoin, and next steps
01:38:51: The current Bitcoin cycle of mass awareness
01:43:04: The importance of A Progressive's Case for Bitcoin book
01:47:43: Final comments
SUPPORT THE SHOW
If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:
Become a Patron and join our Discord to get access to shows early or help contribute
Make a tip:
Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | TuneIn | RSS Feed
Leave a review on iTunes
Share the show and episodes with your friends and family
Subscribe to the newsletter on my website
Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube
If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
SPONSORS
SHOW NOTES
Connect with Dennis:
Mentioned in the interview:
A Progressive's Case for Bitcoin… by C. Jason Maier | Amazon
Satoshi Action: proof-of-work [‘Right to Mine' Bitcoin bill]
Shaun Connell on Twitter: “...Bitcoin mining - 97% load reduction, unlimited Hours” [Chart]
Other Relevant WBD Podcasts:
WBD675: Powering Africa with Bitcoin Mining with Erik Hersman & Marshall Long
WBD668: WBD Live in Miami - Bitcoin Mining with Troy Cross and Harry Sudock
WBD666: Defending Bitcoin: Operation Chokepoint 2.0 with Nic Carter
WBD653: Escaping Hyperinflation in a Rolls Royce with Freddie New
WBD632: Beginners Guide Part 3/3 - How to Buy & Hold Bitcoin with Dan Held
WBD631: Beginners Guide Part 2/3 - What is Bitcoin? With Harry Sudock
WBD630: Beginners Guide Part 1/3 - Why Bitcoin? With American HODL
WBD619: Bitcoin Mining & the Energy Grid Transition with Troy Cross & Shaun Connell
WBD616: The Evolution of Bitcoin Narratives with Harry Sudock
WBD607: How Bitcoin Can Expand the Grid in Africa with Erik Hersman
WBD588: Can Bitcoin Bridge the Political Divide? With Ted Cruz
WBD571: The White House is Wrong about Bitcoin Mining with Nic Carter
WBD566: The Path of Freedom and Sovereignty with Natalie Smolenski
WBD563: Bitcoin, Unleashing an Ocean of Energy with Nathaniel Harmon
WBD562: How Bitcoin Helps Mitigate Climate Change with Harald Rauter
WBD481: Bitcoin’s Clean Energy Revolution with Nic Carter & Troy Cross
WBD239: #Unity2020: Ending the Two-Party System with Bret Weinstein