Human Rights Foundation’s executive said to a group of US politicians, “Bitcoin continues to show itself to be an effective tool to combat authoritarian control. It offers an alternative for the increasing ways that fiat currency is being manipulated and controlled.”
“With Bitcoin, the ability of these leaders to do these things is completely decimated,” Alex Gladstein, chief strategist at Human Rights Foundation said The Bitcoin Policy Summit was held in Washington, D.C., on Thursday.
“Bitcoin is bad for dictators,” He also added.
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 those 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 acts as an inflation hedge, particularly during hyperinflations, where prices increase rapidly because of unstable economies.
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 The protests were held in 2013 against the then Ukrainian President Viktor Yanukovych.
HRF tried Bitcoin at $100
Many of the protestors’ bank accounts were frozen by Mr. He. “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 Since 2007, nonprofit organizations have been operating.
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
