Bitcoin book for US lawmakers secures 5x funding on Kickstarter
A Group of eight Bitcoin enthusiasts have launched a Kickstarter campaign for publishing an educational book for USA’s federal policymakers in order to reduce their reliance on traditional media narratives about cryptocurrencies.
The campaign has so far managed to secure $23,151 in funding, which is about five times the initial goal of $5000.
The book had been conceptualized following the United States House of Representatives passing of a $1.2 trillion bipartisan infrastructure bill that mandated stringent reporting requirements for the crypto community.
According to the authors, the team has set out to write a book for helping America’s policymakers understand where Bitcoins users are mostly from and what they care about. They want to “dispel the notion” that Bitcoin is “a nerd money” and show the world how cryptocurrencies are impacting so many people in the US.
The Kickstarter had originally been launched by Jimmy Song, who is a Texas-based crypto entrepreneur as well as a seasoned author. Other authors in Song’s team include Gary Leland, Annaliese Wiederspahn, Amanda Cavaleri, Pete Rizzo, Charlene Fadirepo, CJ Wilson and Lamar Wilson.
As per the timeline, the manuscript for the US Bitcoin book has been drafted, and it would be finalized by the end of 2021. By January, the authors’ team intends to have the audiobook and paperback available for sale in the market, supported by a book launch event that would be organized in Washington DC for promoting the book.
While the Bitcoin book’s authors have accounted for the initial funding of $5000 for its production, the additional funding they informed would be invested in the book’s launch party.
The team has said that as authors of the cryptocurrencies book, they recognized that “the impressions in Washington” were actually far from the reality, and they “sought to correct this perception.”
Federal Reserve Chair, Jerome Powell, has supported the upcoming Bitcoin book’s efforts in demystifying the ecosystem for US regulators. Powell has also hinted at a lack of concern about cryptocurrencies in disrupting the nation’s financial stability.
Powell was further noted, stating that stablecoins have the potential to scale, specifically if they were “to be associated with one of the very large tech networks that exist.”