Human Rights Foundation’s executive said to a group of US politicians, “Bitcoin continues to show itself to be a powerful weapon against authoritarian rule. It offers an alternative for the increasing ways that fiat currency is being controlled and manipulated.”
“With Bitcoin, the ability of these leaders to do these things is completely decimated,” Alex Gladstein, chief strategist at Human Rights Foundation said On Thursday, the Bitcoin Policy Summit took place in Washington, D.C.
“Bitcoin is bad for dictators,” Then he went on to say:
Gladstein reiterates governments cannot “hyperinflate” Bitcoin holders
Gladstein — who described the audience as a “hall full of American leaders” — explained that governments find it Bitcoin (BTCUse’correctly. “If they use Bitcoin in the right way, without linking their ID to it,” He also added.
Gladstein said that people who are in control of their finances will not be controlled by dictators.
“If you’re self-custoding your Bitcoin, governments can’t delete or freeze your stuff, and they certainly can’t hyperinflate you,” He said. Bitcoin can be used as a hedge to inflation. This is especially true during times of hyperinflation when the price rises rapidly due to an unstable economy.
Gladstein declared:
“So many people from these countries and so many other countries have essentially been saved or rescued because of this technology.”
The Human Rights Foundation was the first to recognize him, he said. Bitcoin’s potential In 2013, the protests in Ukraine against Viktor Yanukovych, then President of Ukraine, were pro-democracy.
HRF tried Bitcoin at $100
According to him, many protestors have had their accounts frozen and they “wanted to do democracy work, which later ended up becoming Maidan Square.”
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“This was very early in Bitcoin’s life cycle; Bitcoin was worth like a hundred bucks at the time; we were very skeptical that this would work,” He said that the group was open to this idea and they ended up succeeding.
“It got the value to them where traditional money couldn’t go,” “He said” Gladstein has served at 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.”
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Source: cointelegraph.com
