Living Archives -
“It’s a constant stressor.”
“I see no way out.”
What do professors, real estate agents, farmers, business executives, computer programmers and store clerks have in common?
They’re not immune to the harsh reality of living paycheck to paycheck, according to dozens of people who responded…
When reporting on cryptocurrency, the mainstream media often focuses on price drops relating to USD. But a human rights activist reminds the general public that Bitcoin is not another commodity or stock on the market, rather, a tool for liberation.
Bitcoin is a Tool for Freedom, Not Speculation
Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation, has published an article titled ”Why Bitcoin Matters for Freedom” in Time Magazine. In it he explains how cryptocurrency can help people retake control of their lives from oppressive regimes.
“Speculation, fraud, and greed in the cryptocurrency and blockchain industry have overshadowed the real, liberating potential of Satoshi Nakamoto’s invention,” writes Gladstein. “For people living under authoritarian governments, Bitcoin can be a valuable financial tool as a censorship-resistant medium of exchange.”
The article focuses on the current situation in Venezuela as the prime example of its thesis. It details how Venezuelans are using Bitcoin to evade runaway hyperinflation and harsh capital controls. It also shows how after greatly devaluing citizens’ savings, the Maduro regime is using the banking system to confiscate much of the money sent from abroad by people that want to help their families back home.
Taking Bitcoin From 40 Million Users to 4 Billion
Beyond Venezuela, the article notes how Bitcoin can help citizens suffering from inflation in Zimbabwe, those who want to avoid mass surveillance in China, NGOs that have their bank accounts frozen in Russia, and refugees without access to basic banking services. It also explains that cash fiat is used without government permission, but can be made virtually useless by hyperinflation and that many countries are moving to become cashless societies – thus strengthening the need for cryptocurrency.
“Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime,” writes Gladstein. “If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who can’t trust their rulers or who can’t access the banking system. For them, Bitcoin can be a way out.”
When will we see widespread Bitcoin adoption by people living under authoritarian regimes? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.
The post Billions Living Under Authoritarian Regimes Need Bitcoin Says Human Rights Activist appeared first on Bitcoin News.
The Stanislaus County Sheriff’s Department said Thursday that it couldn’t confirm the name of a suspect wanted in the Dec. 26 murder of a small-town cop —but it could confirm that the man was in the US illegally. Sheriff Adam Christianson vowed that officers would find the man who fatally…
A pickup truck has smashed through a home in Massachusetts, barely missing a woman who was asleep on her couch. Police say the crash happened around 11:30am Thursday in Templeton, the AP reports. Tracy Samuels, who was sleeping on the couch, says she heard a loud bang, woke up…
Anaheim’s ‘living wage’ initiative is expected to pass. A business advocate calls it a ‘tragic outcome’November 13, 2018 | dailybusinessnews
Anaheim voters appear to have approved a ballot initiative that requires some hospitality businesses to pay workers at least $ 15 an hour, with 51.5% of ballots counted as of Monday cast in favor of the measure.
The Orange County Registrar of Voters warned, however, that more than 302,000 ballots…
Disney appears to gain a friendly majority in Anaheim City Council. The ‘living wage’ initiative is still too close to callNovember 8, 2018 | dailybusinessnews
After butting heads for two years with the Anaheim City Council, Walt Disney Co. appears to have won a favorable majority on the panel as candidates backed by the media giant were well ahead in a wide field of hopefuls.
Three City Council candidates, including the mayor, who received campaign support…
Chris Pratt and Anna Faris are split, but won’t be living too far from each other — it’s part of their divorce settlement … TMZ has learned. As we told you, Chris and Anna hammered out their divorce with the help of a private judge … who just…
Anaheim City Council candidates who are supported by the city’s biggest employer — the Disneyland Resort — were leading a wide field of hopefuls in early returns Tuesday night, but voters were split on a controversial “living wage” initiative that Disney has opposed.
The politics in Anaheim have…
With less than a month before election day, labor unions and Walt Disney Co. have shelled out more than half of all contributions to campaigns that will decide the fates of a controversial ”living wage” initiative and a majority of the seats on the Anaheim City Council.
The unusually expensive…
Anaheim City Council gets an earful over opinion that Disneyland Resort won’t be subject to ‘living wage’ measureOctober 10, 2018 | dailybusinessnews
Business leaders and union organizers clashed at a crowded Anaheim City Council meeting Tuesday night as the city attorney delivered his legal opinion that the Disneyland Resort won’t be subject to a Nov. 6 ballot measure requiring certain hospitality businesses to pay workers a “living wage.”