Our Proof-of-Work
Satoshi Action Fund is dedicated to protecting the Proof-of-Work consensus mechanism on the Bitcoin protocol. We believe this innovation will have a positive impact on the economy, the grid, and the planet.
We believe in making progress by ensuring governments adopt Bitcoin and Bitcoin mining. Below is our "Proof-of-Work'.
We have been building relationships...
...crafting model policy for mining
Our model policy centers around helping states attract more Bitcoin mining in an effective and sustainable manner. We do this by unlocking energy assets through policy action and pushing for policy that protects the industry from discrimination. We also encourage each state to "Do Their Own Research" by enacting a commission or council to study this new and innovative technology.
...getting our model policy introduced
Our model policy has been used as the basis for 9 different bills introduced in 7 different states.
This is an important first step for us as a new organization. We will be fighting to ensure each of these policies gets across the finish line in 2023-2024.
...passing our policy into law
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We passed our 'Right to Mine' Bitcoin bill into law in the state of Arkansas and Montana. Both were signed into law in 2023.
Both law protects miners from specific types of discrimination and also ensures local governments have the tools to keep out bad actors.
In Montana, we also banned any additonal taxes on Bitcoin when used as a form of payment.
...Moving whole states towards Bitcoin