On this episode, I speak with Alex Gladstein, Chief Technique Officer at The Human Rights Basis. We focus on how Bitcoin and cryptocurrencies enhance freedom underneath authoritarian regimes and the way Dem Tech might result in a wave of funding in crypto.
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“A number of the dismissals, criticisms and assaults on Bitcoin come from individuals who have the luxurious of getting a steady monetary system.”
— Alex Gladstein
Interview location: Skype
Interview date: Thursday sixth Dec, 2021
Firm: Human Rights Basis
Function: Chief Technique Officer
All too usually worth dominates the dialogue with Bitcoin: an ETF approval shall be nice for the value, we want establishments, when is the subsequent bull run? Additionally, naysayers criticise Bitcoin when the value crashes, calling it a speculative asset with no utility. Is worth a distraction from the potential for Bitcoin?
Proper now the use case for Bitcoin is proscribed for these within the developed world. Certain it’s enjoyable to ship Bitcoin, maybe it’s simpler than utilizing a financial institution for sending worth to somebody out of the country, however worth volatility limits the use case for funds. Within the developed world, holding Bitcoin will profit most if it does change into a globally recognised, accepted and used as a type for cash. Proper now, some would argue probably the most vital alternative is within the developed world or with these dwelling in both authoritarian international locations or underneath 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 underneath these regimes to create and shield worth, and commerce whereas lowering their publicity to the dangers of their home forex.
Different use circumstances exist, from Bitcoin getting used to pay ladies unable to get financial institution accounts in Afghanistan to corporations utilizing Bitcoin to transact exterior of capital controls. The frequent theme is that cryptocurrencies provide freedom from guidelines, whether or not these are state or legacy processes.
On this interview, I speak about why Bitcoin issues for Freedom with Alex Gladstein, Chief Technique Officer on the Human Rights Basis. We focus on what elementary human rights are misplaced underneath authoritarian regimes, how Bitcoin and cryptocurrencies enhance freedom and the way Dem Tech (Democracy Tech) might result in a wave of funding in cryptocurrencies.
00.03.59: Intro and welcome
00.04.40: Background to The Human Rights Basis
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 underneath authoritarian regimes
00.21.46: Surveillance centralised state v decentralised alternate 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’s holding again adoption of cryptocurrencies
00.54.14: How Bitcoin removes guidelines
01.04.23: Arguments towards mass surveillance
01.05.57: Alternatives with Dem Tech
01.10.10: What provides Alex hope
01.12.35: Ideas on the North Korean blockchain conf