Ruby on Rails Creator David Heinemeier Hansson Says, “I was wrong, we need crypto”

The creator of Ruby on Rails, David Heinemeier Hansson (DHH), stated that the situation in Canada is quite terrifying and “a real wake-up call.”

“A few months ago, I would have not found it credible if you said a three-week peaceful protest in Canada could have led to martial law, frozen bank accounts, and terrorist-financing laws being used to hunt protest donors,”

he stressed the subject of growth in the digital market.

Ruby on Rails, or Rails, is a server-side web application framework curated in Ruby under the MIT License. He also admits that he may have been wrong about Bitcoin and cryptocurrency. 

A Wake-Up Call for Ruby on Rails

Hansson, a Danish programmer, is also a partner at the web-based software development firm Basecamp. He outlined why he changed his perspective on Bitcoin and crypto in an opinion article titled “I was wrong, we need crypto,” published on Monday. 

The Danish programmer began to notice he had been condemning Bitcoin ever since the early 2010s. Hansson outlined many reasons for his opposition to Bitcoin,

“To say I’ve been skeptical about Bitcoin and the rest of the crypto universe would be an understatement of epic proportions. Bitcoin’s grotesque energy consumption, the ridiculous transaction fees, and low throughput, the incessant pump ’n’ dump schemes in shitcoins,” and stressed on the Tether as “fraud.”

David has not inevitably admitted that

“My bigger beef was actually fuelled by a lack of imagination.”

“A few months ago, I would have found it credible if you said a three-week peaceful protest in Canada could have led to martial law, frozen bank accounts, and terrorist-financing laws being used to hunt donors. Unbelievable then, undeniable now.”

David explained that while he could only see the benefits of Bitcoin and crypto in countries like China, Venezuela, or Iran, the vast number of Bitcoin supporters are living in “stable Western democracies governed by the Rule of Law.”

The recent events in Canada have drastically changed the programmer’s mind, led by the President Trudeau government invoking the Emergencies Act in order to dismiss the Freedom Convoy trucker protest. One of the provisions provided by the Act is allowing financial institutions and crypto exchanges to freeze bank accounts and digital wallets tied to the protest with no consequences. 

David described the situation in Canada as

“This is crazy. Absolutely bonkers and it’s terrifying. Is France really that different from Canada? Is Austria? Is Denmark? This is a real wake-up call,”

he continued to stress how Bitcoin has been a game-changer. 

“I still can’t believe that this is the protest that would prove every Bitcoin crank a prophet. And for me to have to slice a piece of humble pie, and admit that I was wrong on crypto’s fundamental necessity in Western democracies,”

David stated further concluding that how things have become clearer to him.

“It’s clear to me now that I was too hasty to completely dismiss crypto on the basis of all the things wrong with it at the moment. Instead of appreciating the fundamental freedom to transact that it’s currently our best shot at protecting.”