The future of our economy depends on the existence and availability of sound money. The government’s power to print money will always inevitably lead to inflation and currency debasing.
The existence of blockchain technology offers Americans an alternative way to store value and mediate transactions. Rather than viewing this as a threat to its own economic power, the U.S. government ought to recognize that the fundamental right to private property includes the right to own and use digital assets.
The government should therefore enshrine a set of policies protecting the rights of citizens to hold, mine, and transact digital assets freely and privately.
These rights include
- The right to use digital assets to purchase goods and services
- The right to self-custody one’s own digital assets
- The right to run blockchain nodes
Examples of model legislation can be found at the Satoshi Action Fund.