David Heinemeier Hansson has backtracked on his decision to not support crypto. The Danish programmer who is famous for creating the Ruby on Rails programming language had been a staunch opponent of the crypto mission in the past. For Hansson, the ideologies behind the creation of cryptocurrencies did not seem to make sense in the western setting where rule of law prevailed. That is until the Canadian Truckers Protest of 2022. The World Needs Crypto 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. It however did not end there as the government had moved forward to financial warfare against protesters and supporters. From suspending crowdfunding campaigns, it has graduated to going after individuals by freezing their bank accounts. Related Reading | Bitcoin Sets Stage For Reversal As Unmoved Supply Nears All-Time High This move from Prime Minister Justin Trudeau has sparked debates regarding government control and individual liberty to transact. Hansson has chipped into this debate with what can only be regarded as a heartfelt admission that he was wrong about the role cryptocurrencies can play in the west. In his post, the Basecamp founder outlined his past history with crypto, explaining that while he saw the need for it in places like Venezuela with its crumbling economy or China with its auth...
