Bitcoin
$ 58,928
Ethereum
$ 3,827.3
Litecoin
$ 347.97




US State Passes Resolution Commending Satoshi Nakamoto and Bitcoin

US State Passes Resolution Commending Satoshi Nakamoto and Bitcoin – Regulation Bitcoin News


The U.S. state of Louisiana has passed a resolution to commend bitcoin for its success as well as commend the cryptocurrency’s pseudonymous creator, Satoshi Nakamoto, “for his contribution to economic security.”

State Resolution Recognizing Satoshi and Bitcoin

The Louisiana House of Representatives resolution by Representative Mark Wright entitled, “Commends Bitcoin and the cryptocurrency industry,” has been enrolled and signed by the Speaker of the House. House Resolution 33 (HR 33) reads:

Resolution to commend Bitcoin for its success in becoming the first decentralized trillion dollar asset and to encourage the state and local governments to consider ways that could help them benefit from the increased use of this new technology.

The resolution proceeds to describe various attributes of bitcoin, starting with its creation in 2008 “by the pseudonymous author Satoshi Nakamoto.” Noting that the cryptocurrency “could potentially replace gold as a monetary reserve,” the document highlights bitcoin’s finite supply, noting that it is “completely decentralized” and allows for secure transactions without the need for a trusted third party.

It additionally notes that “not only has Bitcoin proven to be a critical tool for businesses, it has proven to be a critical tool for citizens around the world to protect themselves from currency debasement.”

The resolution mentions another cryptocurrency other than bitcoin, Moxey, which it describes as “a proprietary digital community currency invented in Louisiana.” Its website describes that “Moxey is a community of thousands of business owners who support one another and, most importantly, are able to buy and sell among each other without spending cash. Instead, they use their very own community currency; Moxey dollars.”

In conclusion, Louisiana’s House Resolution 33 states:

The House of Representatives of the Legislature of Louisiana does hereby commend Satoshi Nakamoto for his contribution to economic security.

What do you think about this House resolution commending Satoshi Nakamoto and Bitcoin? Let us know in the comments section below.

Tags in this story
bill commending bitcoin, bill commending satoshi nakamoto, Bitcoin Creator, bitcoin founder, house resolution 33, hr33, louisiana bill, resolution bitcoin, resolution satoshi nakamoto, Satoshi, Satoshi Nakamoto

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



Source link

Related Posts

Hot Posts

South African Google Searches for Bitcoin Spike Amid Economic Uncertainty
March 19, 2018By
Blogger ‘Bitfinex’ed’ Hires Legal Counsel to Fight Bitfinex Lawsuit
March 19, 2018By
EOS, Cardano and Tezos: Sleeping Giants Starting to Stir
March 19, 2018By


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin58,928 0.39 % 1.63 % 1.90 %
Ethereum3,827.3 0.02 % 8.54 % 37.84 %
Binance Coin652.71 0.34 % 3.69 % 4.50 %
Tether0.9984 0.13 % 0.12 % 0.07 %
Cardano1.610 0.61 % 2.44 % 19.25 %
Polkadot34.19 0.39 % 0.20 % 3.73 %
XRP1.570 0.06 % 1.62 % 1.13 %
Uniswap40.80 0.50 % 1.10 % 0.55 %
Litecoin347.97 0.28 % 0.27 % 28.23 %
Theta Network12.38 0.76 % 3.65 % 10.45 %