Ruby on Rails Creator Backtracks As He Expresses Support For Crypto - CFX Magazine .

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David Heinemeier Hansson has reversed his previous decision not to accept crypto. Heinemeier Hansson, a Danish programmer best known for his Ruby on Rails programming language, was an outspoken opponent of crypto in the past. Hansson said that Hansson did not believe the ideas behind creating cryptocurrency were compatible with western law. That was before the Canadian Truckers Protest 2022.

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In a move that shocked the world at large, the Canadian government had enacted martial law against protesters who were involved in the Canadian truckers’ peaceful process. The government moved on to financial warfare against supporters and protesters. The government has moved beyond suspending crowdfunding campaigns to pursuing individuals with bank account freezes.

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Canadian Prime Minister Justin Trudeau’s decision has led to debates on government control, and individuals’ freedom to transact. Hansson joined the debate by revealing that cryptocurrencies are not a part of the west’s future.

The Basecamp founder, who posted his history of crypto in his blog, explained that he didn’t see it as necessary in western countries, such as Venezuela and China, which have a crumbling economy, or China, with its authoritarian regime. Canadian Truckers Protest was proof of his error.

Hansson is merely going through the motions. His post outlines his history with cryptocurrency and how recent events have influenced his views. Noting his reaction to when news of the GoFundMe freeze broke, he revealed that he “thought it was something another fund-raising platform – one less likely to collaborate with the Canadian authorities – could route around.” And he was right as another platform, GiveSendGo, filled the gap very quickly.

This new investment avenue would not provide a moral boost, as Canada’s government began to freeze the accounts of donors and protesters. As the police stated that it would continue its financial warfare against donors and protestors for several months, this is likely to continue long after the protests are over.

Crypto total market cap chart from TradingView.com

Market cap now at $1.7 trillion| Source: Crypto Total Market Cap on TradingView.com

For Hansson, this was the straw that broke the camel’s back and has completely reconfigured his views towards crypto. Protesters and donors don’t have to be concerned about their cryptocurrency assets being frozen because they aren’t controlled by government or any other entity. They are allowed to transact as they wish and their rights cannot be taken away.

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Hansson closes out his statement by admitting he was “too hasty to completely dismiss crypto on the basis of all the things wrong with it at the moment.” Admitting that it’s currently the best shot at protecting the freedom to transact.

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