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November 12, 2019
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Congressional Hopeful Agatha Bacelar Talks Silk Road on the Bitcoin.com Podcast 

“It’s clear that the political establishment wants to hold back a future where economic freedom is afforded to all.” This excerpt from Congressional hopeful Agatha Bacelar’s marketing campaign donation web page echoes what many inside the cryptosphere have been saying ever since Satoshi Nakamoto dropped the Bitcoin whitepaper in 2008 – and what many libertarians have been trumpeting for many years.

Also learn: FBI Says Bitcoin Concern Is Getting ‘Bigger and Bigger’

Bacelar Lays the Smackdown

The indisputable fact that Bacelar, who has set her eyes on House Speaker Nancy Pelosi’s seat in the California Congress, seeks to lift $1 million in crypto is critical. Stanford-educated and an engineer by commerce, the 27-year-old Brazilian-American understands blockchain know-how like few politicos earlier than her, having labored with digital governance platform Democracy Earth. This nonprofit seeks to alter the political system by constructing open-source, censorship-proof democracies, and grew out of what Bacelar describes as a “trojan horse” political social gathering in Argentina. Uniquely, the social gathering used blockchain tech to subject candidates who weren’t a lot representatives of the folks as, effectively, the folks themselves.

Congressional Hopeful Agatha Bacelar Talks Silk Road on the Bitcoin.com Podcast

Bacelar was not too long ago invited on to the Bitcoin.com podcast and, for sure, the subject of cryptocurrency got here up greater than as soon as. “I can see why it’s very scary to introduce cryptocurrency to central banks because it kicks them in the knees,” she mentioned. “But I think for a healthier world we need more public banking, public financing of things rather than having the power consolidated through central banks.”

As for the day-to-day advantages of utilizing cryptocurrency, they’re self-evident: “Whenever I want to pay my rent it takes a week for my money to transfer to my landlord’s bank account. We could be having faster global currency that doesn’t take 10% for a middleman.”

New Hire to Head Digital Currency Research at the Fed

Audit the Fed

Many listeners would have been eager to listen to the candidate’s ideas on how distributed ledger applied sciences may very well be used to revamp the whole system. Host Matt Aaron beat his visitor to the punch, suggesting that publicly auditing the Federal Reserve may be a great place to begin. “Yeah, that would,” Bacelar concurred. “Doing more participatory budgeting, letting people have a greater say on how we use our tax dollars.”

“Right now, we lose info each time a transaction occurs. Whereas, I might hope with cryptocurrencies, if you happen to purchase an iPhone, you’ll know whether or not this cellphone was made at a manufacturing facility the place three folks dedicated suicide, or whether or not the sources had been mined in a spot that used human slavery or contributed to air pollution in that bio-region.

“You know, those things are not reflected in the cost of things today, but I think in a future world they could be. And that could lead us to a more regenerative, sustainable economy.”

Not Your Average Congressional Candidate

The backstory of Agatha Bacelar is somewhat totally different to most would-be politicians – simply three% of House Representatives at the moment come from a STEM background, for starters. As effectively as her expertise with blockchain, she’s labored for social change group Emerson Collective and Hope Credit Union, a banking establishment that gives monetary companies to low-income candidates. Bacelar’s father is Herb Stephens, a software program entrepreneur who, having labored in the nonprofit sector for plenty of years, now acts as her Finance Director.

Trump rode to the White House on a hubristic ticket, with an oft-repeated boast that – in contrast to the different candidates – he “knew money.” Perhaps Bacelar may additionally revenue from realizing the future of cash – cryptocurrency – and having an consciousness about how the underlying know-how may inform the physique politic. “I would like to be a member of Congress that makes decisions informed by how people would vote on an open-source digital platform in real time,” she says, “because right now there isn’t accountability in our politics. There isn’t transparency, and people are writing off politics and or feeling so frustrated with it. But I think people can represent themselves or proxy their vote to people they trust and know in their community.”

The Injustice of the Silk Road Trial

At one stage in the dialogue, Bacelar segues from addressing the absurdity of criminalizing medicine like marijuana to discussing Silk Road. “Ross Ulbricht is incarcerated right now for two life sentences plus 30 years for nonviolent crime, where he didn’t even do any of the drug transactions on there.”

As an enthusiastic pro-crypto voice, Agatha Bacelar is a breath of contemporary air. Whether she has a sensible likelihood of turfing out Pelosi stays to be seen. Whatever the end result, you get the sense that Bacelar acknowledges the potential of cryptocurrencies – and blockchain know-how extra typically – to essentially reshape society. For public ledgers to introduce higher accountability in firms and authorities businesses. For sound entry to finance to be accessible to all. For profit-offshoring, cash laundering and tax evasion to be successfully addressed.

The remaining phrase goes to Bacelar: “We need to decentralize power and get people to participate in our democracy. A democracy is strongest when most people engage in it.”

What are your ideas on Agatha Bacelar’s take on Silk Road and the advantages of bitcoin? Let us know in the feedback part beneath.


Images courtesy of Shutterstock.


Did you already know you’ll be able to confirm any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer device? Simply full a Bitcoin handle search to view it on the blockchain. Plus, go to our Bitcoin Charts to see what’s occurring in the trade.

Kai Sedgwick

Kai’s been manipulating phrases for a dwelling since 2009 and acquired his first bitcoin at $12. It’s lengthy gone. He’s beforehand written whitepapers for blockchain startups and is very excited by P2P exchanges and DNMs.

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