A Human Rights Foundation executive said in a room full of US politicians that Bitcoin continues to prove itself as a powerful tool against authority control, which offers an alternative to mounting ways that Fiat Currency can be manipulated and controlled.
“In Bitcoin, the ability of the leaders to do these things is fully determined,” Human Rights Foundation’s approach Alex Gladstein’s approach officer Says At the Bitcoin Policy Summit in Washington, DC on Thursday.
“Bitcoin is bad for dictators,” he added.
GladStein says governments cannot be “hyperinflate” holding Bitcoin
Gladstein – who described the audience as a “hall full of American leaders” – explained that governments are more difficult to monitor individuals when using bitcoin correctly. “If they use Bitcoin in the right way, without losing their ID here,” he added.
Gladstein reiterated that people who maintain control of their own wallets are protected from many ways dictators are trying to control people.
“If you are self-customian your Bitcoin, governments cannot delete or freeze your belongings, and you certainly can’t hyperinflate with you,” he said. Bitcoin is a fence against inflation, especially during hyperinflation, when prices rise rapidly due to unstable economies.
Gladstein revealed:
“There are many people from these countries and many other countries that are essentially saving or saved because of this technology.”
He said the Human Rights Foundation first recognized the potential of Bitcoin in 2013, during the Ukraine pro-democracy against President Viktor Yanukovych.
HRF was experimenting with Bitcoin when it was $ 100
He said many of the protesters were frozen on their bank accounts, and “they wanted to do democracy work, which eventually ended up becoming Maidan Square.”
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“It was early in the life cycle of Bitcoin; Bitcoin was worth a hundred bucks at that time; we were hesitant to work,” he said, adding that they were open-minded to the idea, and it ended up working.
“It got the value of them where traditional money could not go,” he said. Gladstein served in Nonprofit organization since 2007.
The foundation focuses on promoting and protecting human rights worldwide – especially in countries where people live “under the management of authority.”
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