US State Passes Resolution Commending Satoshi Nakamoto and Bitcoin

US State Passes Resolution Commending Satoshi Nakamoto and Bitcoin

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US State Passes Resolution Commending Satoshi Nakamoto and Bitcoin

The state of Louisiana passed a resolution praising the success of bitcoin and honoring the pseudonymous creator of the crypto currency, Satoshi Nakamoto, for his contribution to economic security.

State resolution recognizing Satoshi and Bitcoin

The resolution of the Louisiana House of Representatives, passed by Representative Mark Wright and entitled Glory to Bitcoin and the Cryptocurrency Industry, was noted and signed by the Speaker of the House. House Resolution 33 (HR 33) states:

Resolution praising the success of bitcoin as the first trillion-dollar decentralized asset and encouraging local and regional governments to consider how this new technology can be more widely adopted.

The resolution then describes the various features of bitcoin, starting with its creation in 2008 by the pseudonymous Satoshi Nakamoto. The paper notes that cryptocurrencies could potentially replace gold as a monetary reserve, and highlights the ultimate offering of bitcoin, noting that bitcoin is fully decentralized and allows for secure transactions without the need to trust a third party.

It further notes that bitcoin has proven to be an important tool not only for businesses, but also for citizens around the world to protect themselves from currency devaluations.

The resolution mentions another cryptocurrency besides bitcoin, Moxey, which is described as a proprietary digital community currency invented in Louisiana. Their website describes Moxie as a community of thousands of business owners who support each other and, more importantly, can buy and sell to each other without spending money. Instead, they use their own public currency, the Moxie dollar.

Finally, Louisiana House Resolution 33 states:

The Louisiana House of Representatives honors Satoshi Nakamoto for his contributions to economic security.

What do you think of this House resolution in support of Satoshi Nakamoto and bitcoin? Let us know your comments in the section below.

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