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WHEREAS, Bitcoin, which could potentially replace gold as a monetary reserve, is limited and finite and there is a maximum capacity of only twenty-one million bitcoins allowed to be produced; and
WHEREAS, 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.
BE IT RESOLVED that the House of Representatives of the Legislature of Louisiana does hereby commend Satoshi Nakamoto for his contribution to economic security.
BE IT FURTHER RESOLVED that the House of Representatives of the Legislature of Louisiana does hereby commend Bitcoin for its success in becoming the first decentralized trillion dollar asset and encourage the state and local governments to consider ways that could help them benefit from the increased use of this new technology.
WHEREAS, 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.
BE IT RESOLVED that the House of Representatives of the Legislature of Louisiana does hereby commend Satoshi Nakamoto for his contribution to economic security.
BE IT FURTHER RESOLVED that the House of Representatives of the Legislature of Louisiana does hereby commend Bitcoin for its success in becoming the first decentralized trillion dollar asset and encourage the state and local governments to consider ways that could help them benefit from the increased use of this new technology.
The resolution also commends Moxey, a Louisiana built community currency, that uses a monetary protocol called Proof-of-Value.
Article:
https://news.bitcoin.com/us-state-resolution-commending-satoshi-nakamoto-bitcoin/
Direct link to resolution:
https://legis.la.gov/legis/ViewDocument.aspx?d=1216298
About Moxey (disclosure: it's my project)
Moxey is building a network that is complementary to bitcoin. It is proposing money that is 1) privately issued with no privileges from a government-mandated monopoly, 2) credit-based, and 3) irredeemable on demand for an external asset, yet 4) fully backed by verifiable reserves.
https://www.moxeyusa.com
