Bitcoin fixes broken democracies and fights government corruption by limiting its power to control its people, argues Bitcoin advocate and chief strategy officer of the Human Rights Foundation, Alex Gladstein.
នៅថ្ងៃទី ២៥ ខែកុម្ភៈ បទសម្ភាសន៍, Gladstein argued that the decentralized nature of Bitcoin (BTC អ) can act as a barrier against corruption and tyranny.
“Where the democracies have broken down, I do think it’s very clearly related to fiat currency, and I do think that Bitcoin fixes this in a way,” he said.
"# ប៊ីធាក់ fixes democracy…# ប៊ីធាក់ is…free speech, property rights & open capital markets…tyrants need…the opposite: they need censorship…confiscation & closed capital markets”@gladstein https://t.co/n7mVr3bDwA
- អ្វីដែល Bitcoin បានធ្វើ (@WhatBitcoinDid) ខែកុម្ភៈ 20, 2023
Gladstein is the chief strategy officer of HRF and has served the nonprofit organization since 2007. The foundation is focused on promoting and protecting human rights globally — particularly in countries where its people live “under authoritarian rule.”
Gladstein also delivers lectures on Bitcoin and the future of money at Singularity University events, នេះបើយោងតាម to his bio.
Gladstein said during the interview that Bitcoin represents free speech, property rights and open capital markets, all of which are stifling to a tyrannical government, which often needs censorship, confiscation and closed capital markets. He stated:
“This is what China and Russia need to survive they need censorship, they need close capital markets and they need confiscation; Bitcoin makes it really hard for governments to impose those things on their people.”
Both Russia and China have been hostile toward crypto in the past. The Chinese government banned virtually all crypto transactions នៅឆ្នាំ ៩៣៨ upcoming crypto licensing regime in Hong Kong has led to speculation China’s stance on crypto is softening.
Russia’s major crypto law, “On Digital Financial Assets,” officially prohibited the use of crypto for payment purposes in 2020. The law did not ban Russians from investing in crypto, but local ការផ្លាស់ប្តូរគ្រីបតូនៅតែមិនមានការគ្រប់គ្រង.
“I don’t see these dictatorial powers doing well in a Bitcoin standard; I think it becomes really hard for them,” Gladstein added.
Gladstein’s argument about crypto has echoed similar views from others in the past. Bitcoin infrastructure provider OpenNode voiced similar មតិ។ in a 2021 post about the benefit that BTC donations had in evading authoritative crackdowns.
“One of the benefits of Bitcoin is its censorship resistance,” OpenNode wrote at the time.
"ដោយគ្មានអាជ្ញាធរកណ្តាលណាមួយដើម្បីកំណត់ថាអ្នកណាអាច និងមិនអាចប្រើ Bitcoin បានទេ វាបានបង្ហាញពីជម្រើសរូបិយប័ណ្ណសម្រាប់បុគ្គល និងអង្គការជាច្រើនដែលត្រូវបានទុកចោលពីវិធីបង់ប្រាក់បែបប្រពៃណី។"
នេះបើយោងតាម to a February 2022 investigation by blockchain analytics firm Elliptic, one of the biggest reasons for embracing blockchain-based fundraising was to avoid traditional accounts being closed by financial institutions.
Gladstein predicts there will be many more “trigger moments” in the coming years of people having “technical and liquidity trouble with traditional financial services,” which will result in more people shifting to BTC as an alternative.
“If there’s a conflict or a breakdown in trade or communications, you’re just gonna see a whole hell of a lot of problems, and every single one of those is like a moment that’s gonna mint a new Bitcoiner out of necessity,” he said.
Source: https://cointelegraph.com/news/bitcoin-fixes-democracy-and-fights-corruption-human-rights-foundation