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Bitcoin Detractor David Heinemeier Hansson Says “We Need It”

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Basecamp Co-Founder and creator of Ruby on Rails David Heinemeier Hansson (DHH) is known for his position on Bitcoin and cryptocurrencies. In 2018, the Danish programmer gave an interview in which he made the case that Bitcoin is a “Ponzi Scheme”, a common argument amongst BTC critics.

Related Reading | Canada Chokes Crypto Supply, Freezes $20 Million In Bitcoin Donated To Truckers

Today, DHH published a post titled “I was wrong, we need crypto”, making public his 180 degrees shift in opinion. Hansson and other detractors are warming up to the cryptocurrency and its invaluable use case as the Canadian government imposes what many have called authoritarian measures against its population.

Bitcoinist has been covering the events in the North American country as a group of truckers started a whole protest movement in opposition to Justin Trudeau’s government and its COVID-19 mandates. The initiative inspired many to speak up and rallied around this cause.

The truckers asked for support, and the world responded by helping them raise millions,…

Read more…

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