In this episode, I discuss with Alex Gladstein, Chief Strategy Officer at The Human Rights Foundation. We focus on how Bitcoin and cryptocurrencies improve freedom beneath authoritarian regimes and the way Dem Tech might result in a wave of funding in crypto.
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“A lot of the dismissals, criticisms and attacks on Bitcoin come from people who have the luxury of having a stable financial system.” — Alex Gladstein
Interview location: Skype Interview date: Thursday sixth Dec, 2018 Company: Human Rights Foundation Role: Chief Strategy Officer
All too usually worth dominates the dialogue with Bitcoin: an ETF approval can be nice for the worth, we want establishments, when is the subsequent bull run? Also, naysayers criticise Bitcoin when the worth crashes, calling it a speculative asset with no utility. Is worth a distraction from the potential for Bitcoin?
Right now the use case for Bitcoin is restricted for these within the developed world. Sure it’s enjoyable to ship Bitcoin, maybe it’s simpler than utilizing a financial institution for sending worth to somebody in a foreign country, however worth volatility limits the use case for funds. In the developed world, holding Bitcoin will profit most if it does develop into a globally recognised, accepted and used as a type for cash. Right now, some would argue essentially the most vital alternative is within the developed world or with these dwelling in both authoritarian nations or beneath governments with poor fiscal insurance policies.
An everyday criticism of fiat is the flexibility for governments to print cash on demand, resulting in inflation and a discount within the worth of the native forex. This has been seen most evidently with the failed socialist insurance policies of two successive Venezuelan presidents.
Bitcoin and cryptocurrencies are a possibility for individuals dwelling beneath these regimes to create and shield worth, and commerce whereas decreasing their publicity to the dangers of their home forex.
Other use instances exist, from Bitcoin getting used to pay girls unable to get financial institution accounts in Afghanistan to firms utilizing Bitcoin to transact exterior of capital controls. The frequent theme is that cryptocurrencies supply freedom from guidelines, whether or not these are state or legacy processes.
In this interview, I speak about why Bitcoin issues for Freedom with Alex Gladstein, Chief Strategy Officer on the Human Rights Foundation. We focus on what basic human rights are misplaced beneath authoritarian regimes, how Bitcoin and cryptocurrencies improve freedom and the way Dem Tech (Democracy Tech) might result in a wave of funding in cryptocurrencies.
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00.03.59: Intro and welcome 00.04.40: Background to The Human Rights Foundation 00.09.49: Romantic fantasies with Cuba 00.12.25: Similarities and variations between Cuba and Venezuela 00.18.56: What individuals don’t perceive about dwelling beneath authoritarian regimes 00.21.46: Surveillance centralised state v decentralised options 00.25.43: How blockchains are utilized by governments for surveillance 00.30.57: US authorities sanctions towards Bitcoin addresses 00.33.47: Bitcoin privateness 00.41.07: How cryptocurrencies are being utilized in authoritarian regimes 00.47.12: What is holding again adoption of cryptocurrencies 00.54.14: How Bitcoin removes guidelines 01.04.23: Arguments towards mass surveillance 01.05.57: Opportunities with Dem Tech 01.10.10: What provides Alex hope 01.12.35: Thoughts on the North Korean blockchain conf
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