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Kickstarter funds "Bitcoin Textbook" as a corrective to US policy

 


Jimmy Song has written a book with seven other Bitcoin experts that is supposed to help American politics understand the cryptocurrency.


A group of eight Bitcoin experts have teamed up for a Kickstarter funding campaign to publish a textbook on the market-leading cryptocurrency for government officials and MPs, which is intended to serve as a corrective to the misconceptions about Bitcoin ( BTC ) that are widespread in politics . So far, the crowdfunding has raised 23,151 US dollars, which means that the targeted mark of 5,000 US dollars has already been exceeded by far.


The American Parliament delivered the stumbling block for the book a few weeks ago when it passed a new law to promote infrastructure worth 1.2 billion US dollars. The new law went hand in hand with stricter regulations for the crypto industry, which is why the book authors then saw themselves called upon to clear up any misunderstandings in US policy on the subject of crypto currencies for the future:


“Our goal is to write a book that will help MPs understand which people are using Bitcoin and what their motivations are for it. We want to dispel the prejudice that this is a kind of play money for nerds and instead show how many people in the USA benefit from it. "

The Kickstarter funding campaign was initiated by the Texan crypto investor Jimmy Song. The rest of the group includes Annaliese Wiederspahn, Gary Leland, Pete Rizzo, Amanda Cavaleri, CJ Wilson, Charlene Fadirepo and Lamar Wilson.


According to the plan, the manuscript for the book has already been written and should be finalized by the end of 2021. The audiobook and paperback should follow by January, before the hardcover version comes onto the market at a later date. Finally, the book should be publicly advertised with a promotional event in the American capital Washington DC.


Because the original production costs were already covered with funding of 5,000 US dollars, the remaining money is to be invested in the promotional event:


"As the authors of the book, we had the impression that the understanding of Bitcoin in Washington deviated far from reality, which is why we wanted to create a corrective."

Central bank chief Jerome Powell, who sees a lack of crypto regulation as a major threat to financial stability, recently demonstrated that American politics and government authorities still have some catching up to do in terms of understanding.


As Cointelegraph reports, Powell fears, among other things, that stablecoins in particular can scale quickly if they work together with large, established networks. 

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