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A set of eight bitcoins (Bitcoin) Hobbyists launched a Kickstarter campaign to publish an educational book for U.S. federal policymakers to reduce their reliance on traditional media for narratives of cryptocurrency. The event successfully attracted US$23,151 in funding, almost five times the target of US$5,000.
This book was conceptualized shortly after the U.S. House of Representatives Passed a $1.2 trillion bipartisan infrastructure bill, Which places strict reporting requirements on the crypto community. according to To the author:
“We intend to write a book to help policymakers understand where Bitcoin users come from and what they care about. We want to dispel the perception that this is nerdy money and show how it affects so many people in the United States.”
Kickstarter was launched by Jimmy Song, a Texas-based cryptocurrency entrepreneur and experienced writer. Other authors include Annaliese Wiederspahn, Gary Leland, Pete Rizzo, Amanda Cavaleri, CJ Wilson, Charlene Fadirepo and Lamar Wilson.
According to the plan, the draft of the Bitcoin book has been drafted and will be completed by the end of 2021. By January, the author intends to sell audiobooks and paperbacks, which will be supported by the “Book Release Campaign” to promote the book in Washington, DC. “
Although the Bitcoin book author has provided an initial funding of $5,000 for the production of the book, additional funds will be invested in the book’s release party:
“As the author of this book, we recognize that Washington’s impression is far from reality, and we try to correct this perception.”
Federal Reserve Chairman Jerome Powell supports Bitcoin books’ efforts to demystify the ecosystem for regulators, implying a lack of concerns about crypto’s undermining the country’s financial stability.
As reported by Cointelegraph, Powell also stated that stablecoins have the potential to expand, “especially if they are connected to an existing very large technological network.”
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