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Why Bitcoin is the ultimate single vote

Modern single issues: gun rights, gay rights, marijuana and environmental activists have one thing in common: Each has a dedicated group of passionate people who fight every day to advance their agenda socially and politically. They do this by effectively pressuring companies and politicians to show their support for their preferred movement. These groups are some of the more powerful “single-voter” blocks in modern American politics.

Single-issue voter blocks are groups of individuals who vote for or against a candidate (or policy) based only on how that affects their preferred topic. These voters feel so strongly about their topic that they will disregard all other campaign topics in order to move the needle at least on their single topic by moving the Overton window in the discussion and pushing for legislation that will change their position protects. Typically, these groups are motivated by a desire to improve society by advancing their preferred topic.

We see the power of the Single Issue Voter (SiV) blocks wielded by corporations around the world and politicians use rainbow flags to show their solidarity with the LGBTQ community. Often times, with a single question, voters can exert pressure so effectively that they gain broad public support, and it is very common in political discourse for a single question to become so powerful that it dominates multiple election cycles. As the issue in question gains popularity with the electorate, many “aspiring” candidates adopt it as a position, forcing incumbents to change their position on the issue at hand or risk being brought forward or beaten in the general election. We have seen this on many issues, but none was more evident when hopeful presidential candidate Hillary Clinton began to change her position on same-sex marriage. In 2013, after Hillary spent the past decade against same-sex marriage, she began shifting her position. Following the 2015 SCOTUS decision to protect same-sex marriage, Hillary made a full 180 on same-sex marriage by renaming her entire Twitter profile to rainbow colors and tweeting the following👇

Perhaps Clinton changed her mind in the face of new evidence or intelligence, but perhaps she didn’t, and individual voters were just so effective that no one could run for a Democrat without promoting gay marriage. Maybe individual voters convinced you!

We have seen across American politics that candidates often win or lose an election over a single issue. One reason for this is that the average voter often develops their positions very quickly and long-term incumbents or professional politicians cannot keep up and are thus outstripped by aspiring candidates from their own or the opposing party.

How bitcoiners became a voter bloc

In August 2021, Bitcoiners stopped $ 1.2 trillion in infrastructure legislation on the world’s most powerful advisory body due to a single change. Unfortunately, we weren’t organized enough to keep the change from getting through Congress, but that moment was good for Bitcoin. It woke US-based bitcoiners to the threat of gun-based laws that could destroy the infrastructure (miners and nodes) and businesses that exist here in the US. Myself and many other incredible bitcoiners began to find ways to put pressure on the political establishment, but what can be done to move the needle with our elected officials when it can take hundreds or even thousands of hours to get this new one Fully understand technology? Very few politicians (if any) will take the time it takes to understand Bitcoin. There are many other important topics that you need to keep updated on.

If we want to see change, it is up to us as individual voters to apply enough pressure so that candidates and elected officials have an incentive to take on popular pro-bitcoin positions so that they can continue to be re-elected.

Bitcoin is the ultimate single-isse voter bloc because it is different from any single-isse voter bloc in history. Most SiVs fight for their chosen topic because they feel passionate about one thing, but Bitcoin has the unique ability to permeate many different topics and political ideologies. Many Bitcoiners believe that the widespread adoption of Bitcoin can solve a multitude of the world’s problems. The vast majority of bitcoiners see the biggest problems we face today as being “downstream” from money. We believe that by setting the money we can make up ground on many of the issues that are very important to us.

Today we print money out of nowhere. The wealth gap is growing, houses are inaccessible, wages and savings are falling, censorship is increasing, cheap and unhealthy food is being pushed down our throats, our schools are crumbling, the middle class is being gutted, we are losing our holdings on the status of the global reserve currency, Big Pharma wants us to live on pills rather than find a cure, our politics are as divided as ever and all these problems are getting worse and worse. Because of the nature of a Bitcoin Single Spend voter, you believe that you can influence some or all of the obstacles listed above, as the corrupt monetary system is at the core of many of the problems we face today.

Bitcoin voters have a strong incentive to vote for pro-Bitcoin candidates because they vote in their self-interest while dealing with bigger issues like the economy, jobs, equality, defending marginalized groups, national security, and public health.

The incentive to vote on the “individual issue” of Bitcoin is very great, regardless of party affiliation. As you fight to improve society and protect Bitcoin businesses, you are also defending your personal wealth. Bitcoin bought your vote the moment you started storing your wealth in it. In fact, I have tons of friends on the left who say they “agree with Ted Cruz and will postpone all donations to Elizabeth Warren” after she spoke out against Bitcoin. Interestingly, it has withdrawn its position and has become less noisy on Bitcoin. Did individual voters have an influence? It is difficult to come to any other conclusion.

Bitcoin has this unique ability to achieve the goals of an extremely broad constituency, which means that as a constituency, Bitcoin can include more voters than any single subject in history. In my years of studying and working in politics, I have never seen Progressives, Conservatives, Republicans, Democrats, Left and Right fight for a single goal: PROTECT BITCOIN!

Future of the Bitcoin voter bloc

Bitcoin is becoming the political issue of the decade and nothing can be done about it. Currently ~ 17% of the American adult population owns Bitcoin, and we have several Senators and House members who are passionate about this emerging healthy money. This voter block is new but grows with each halving cycle. What if we get to 2%? Or even 5%? (Find “relentless minority”.) The struggle is only just beginning, and the powerful influence of this electorate is quickly becoming apparent; and unlike other spending blocs, there is no opposition voter base opposed to the introduction of Bitcoin. Gun rights, abortion, marijuana, whatever, they all have (or have had) large groups of supporters on both sides of the issue (i.e., pro-life versus pro-choice). Bitcoin is different. It is very popular with the masses and has no direct opposition bloc. This is important because it allows us to be truly agnostic and fit into any coalition. All political races are made up of coalitions (groups of different electoral blocs). Not all voting blocks get along. Candidates and politicians have to decide who will represent them. You can’t stand up for conservatives and be for gun control at the same time. Likewise, they cannot advocate progressive ideals while opposing same-sex marriage. If they don’t match their constituencies, they run the risk of losing the support of their regular voters. Bitcoin as a topic does not conflict with any major party platform or political ideology. This will lead to more politicians competing for our vote and could lead to a consistent seat at the table regardless of the ruling party.

By this point in the next presidential cycle, we will have gone through another bitcoin halving and could be in the middle of yet another bull market that could push the price of bitcoin into the millions. Imagine how hard Americans will work to defend their Bitcoin when it’s 2500% more valuable than it is today. Imagine how hard the industry of exchanges, wallet providers, app developers, node operators and miners will work to crack down on anti-bitcoin legislation.

With each halving, we will increase our wealth and the number of voters in this bloc. The introduction of Bitcoin is inevitable, as is the upward price. Chances are we will soon be the richest and most influential electoral bloc in US history. They made a mistake trying to attack Bitcoin by changing the cryptoaxe. This has sparked a flurry of support for the Bitcoin political movement, and because of this, I am confident that we can make America the best place to buy, sell, trade, make and mine Bitcoin. The political battle over Bitcoin has only just begun in the US, but since Bitcoin is inherently anti-fragile, any further attacks will only result in more backlash from this emerging but powerful electorate.

This is a guest post by Dennis Porter. The opinions expressed are solely their own and do not necessarily reflect those of BTC, Inc. or Bitcoin Magazine.

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