Why Bitcoin “bad for dictators”: HRF Executive
A CEO of the Human Rights Corporation told a room full of American politicians that Bitcoin continues to prove itself as a strong tool against authoritarian control, providing an alternative to the installation methods that can be processed and controlled in the currency.
“With Bitcoin, the ability of these leaders to do these things completely destroys” He said At the Bitcoin Policy summit in Washington, DC on Thursday.
“Bitcoin is bad for dictators,” he added.
Gladstein Repears Governments cannot be “hyper” with bitcoin holders
Gladstein – who described the audience as a “hall full of American leaders” – explained that governments find it more difficult to track individuals when using Bitcoin properly. He added: “If they use bitcoin in the right way, without linking their identity with it.”
Gladstein reiterated that people who continue to control their own portfolios are protected from the many ways that dictators are trying to control people.
He said: “If you are a bitcoin self -warehouse, governments will not be able to delete or freeze your things, and certainly cannot be affected by you.” Bitcoin is a hedge against inflation, especially during excessive inflation, when prices rise rapidly due to unstable economies.
Gladstein announced:
“Many people have been rescued from these countries and many other countries mainly because of this technology.”
He said that the Human Rights Corporation first recognized Bitcoin’s capabilities in 2013, during the pro -democracy of Ukraine’s protests against President Viktor Yanukovic.
Try HRF Bitcoin when it was $ 100
He said that many of the demonstrators freezed their bank accounts, and wanted to do democracy, which later ended to the field of Midan.
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He said: “This was very early in the Bitcoin life cycle; Bitcoin was worthy of a hundred dollars at the time; we were very skeptical that this would succeed,” adding that they were open to the idea, and ended up working.
“I got the value to them as traditional money could not go,” he said. Gladstein has served in the non -profit organization since 2007.
The Foundation focuses on promoting and protecting human rights worldwide – especially in the countries where its people live “under authoritarian rule.”
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