Danish programmer David Heinemeier Hansson, 32, who won Google and O'Reilly's Hacker of the Year award in 2005 for creating the Ruby on Rails Web development framework, now admits he was wrong about cryptocurrencies.

On February 21, Hansson, who was previously skeptical of bitcoin, published a blog post titled "I was wrong, we need cryptocurrency" in response to Canadian truckers protesting the demand for a new coronavirus vaccine. Hansson said the protests made "every bitcoin a prophet" and acknowledged that the "fundamental necessity" of cryptocurrencies in Western democracies is wrong.

“I still can’t believe this is the protest that proves every bitcoin has become a prophet. And I had to cut an inconspicuous slice of pie and admit I was wrong about the basic necessity of cryptocurrencies in Western democracies.” https://t.co/9smNKyabm0

– DHH (@dhh) February 21, 2022

He begins by explaining how he has been highly critical of Bitcoin and the cryptocurrency space thus far.

"To say I've always been skeptical of Bitcoin and the rest of the cryptocurrency world would be an understatement of epic proportions. Some of my fiercest battles on Twitter since the early 2010s have been with laser eyes against the HODL army."

He said that changing his mind about the demand for bitcoin was the recent "authoritarian response of the Canadian government.

"First, the Ottawa Police Department had GoFundMe confiscate the donations with the intention of redirecting them to other causes, then after an outcry, they gave up on just freezing the funds for 7-10 days and then refunding them. This seemed like a drastic escalation and completely antithetical to the tens of millions of dollars raised for social justice causes during the summer protests of 2020. But at the time, I thought it was another fundraising platform – unlikely with Canadian authorities – that could take a detour. GiveSendGo has indeed begun to do so.

"Concerns about donations quickly proved irrelevant, as just days later, the Canadian Prime Minister imposed martial law on the protesters. Through powers designed to respond to catastrophic events, he froze the bank accounts of Canadian protesters and donors, forced tow truck operators to clean up the streets and forced insurance companies to drop their policies for protesters.

He went on to say that he now understands that he was "too hasty to completely abandon cryptocurrencies based on all the current problems" and that cryptocurrencies are our opportunity to protect "fundamentals" Freedom to trade ."


The views and opinions expressed by the author or anyone mentioned herein are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading in cryptocurrency assets entails the risk of financial loss.

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