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Topic: Bitcoin Is Protecting Human Rights Around the World - page 4. (Read 796 times)

member
Activity: 285
Merit: 10
Bitcoin is why it protects human rights I don't think so as far as my personal opinion of bitcoin isa profitable investment it also promises, but in a financial sense, everyone in the world could use bitcoin without borders or other, and maybe for people who know about bitcoin or crypto, and for people who don't know if it's protected by human rights Human beings, even the world, have been conjoined to that and, indeed, the presence of bitcoins has changed the lives of many people in the world, and that, I think, is more likely in economics to help a lot of people, and that is probably for those who know and understand crypto's world asa human rights thing. I think it could be argued asa tool or tool in the fight for that human right
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
It is funny that the reason why bitcoin was created is now seen as "also" in the eyes of many people. Bitcoin was created to have some power over your own finances, it was created because no censorship, no permission from someone else, no borders, basically it was global currency for the "people" and not money of the governments.

And eventually the price of one bitcoin grew so rapidly and so high that people started to think that maybe this is an asset to make money, they buy it and they sell it and they try to make a profit in fiat, they want to put 1k fiat in and get 2k fiat out, so that became the most popular thing bitcoin is used for and people forgot the main reason why it was created. Hopefully overtime the more people that own bitcoin, the more people will start realizing the power of bitcoin, it is not just the price of bitcoin that matters, what it stance for matters as well.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
Bitcoin is not protecting human rights around the world claiming that human rights have improved significantly and cited the example of economic development human rights must be linked to the right of citizens to freedom and justice. Our constitution says freedom of thought and conscience is guaranteed freedom of the press is guaranteed It also calls for the right of every citizen to freedom of speech and expression. In that case the state cannot legislate which is against this freedom.

Maybe not but for financial freedom it contribute on some parts since bitcoin users have freedom to use it without any bank interfering especially with large sum of money, but for other forms of violence well we cannot see that one since imagine how bitcoin will do it? Maybe the one who created that statement is just bitcoin fan guy and he oversized the whole situation while the reality its not contributing for now.
sr. member
Activity: 1624
Merit: 315
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I don't get the part where bitcoin is protecting human rights, I mean there are 30 Basic Human Rights so I might have missed it because I don't exactly remember all of them. And if bitcoin really does protect human rights, then we should've known about it by now and if bitcoin does so then there shouldn't be a lot of bitcoin users that are getting harassed because bitcoin "protects" human rights.
legendary
Activity: 2282
Merit: 1023
I wish people would stop having such great expectations from a coin that was not designed for any of those, it's not a magic golden goose, it's not a magical safe that won't open no matter what, it's not something that can protect its user from abuse.
There is a heightened expectation about bitcoin and it is nothing new and when the price started its first rally we are hearing these stories on how investing in bitcoin will help you overcome the difficulties you face, you can come up with a story about how it will help someone and the funniest i have heard is how bitcoin could bridge the gap between the poor and rich, these narration are created by bitcoin enthusiast or investors who wants to profit because they invested in them and anyone who never invested have an heightened scrutiny that it is a bubble Cheesy.
sr. member
Activity: 1666
Merit: 426
Bitcoin for me is a good back up asset since it is future proof and secure. What is happening nowadays are just signs and warnings to those who are thinking of Bitcoin as just normal as fiat money and they will soon realize the true meaning of financial freedom.
That's right, many are thinking that bitcoin is just nothing in which it hasn't have any use at all but the time will comes that the bitcoin will ever help them to secured their financial equity and the time will also come that the financial freedom that they are hoping and dreaming for. Bitcoin is massively spreading in different kinds of assets and we are seeing that day by day, people are becoming curious on what bitcoin is capable about so let's think about what would be the future of this bitcoin.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
This is a big claim. Some bitcoiners disclosing that they hold bitcoins are being violated, physically attacked, tortured, and robbed of their bitcoins. That's already a violation of human rights on my books. Anyways, bitcoin is still helping people get involved in matters concerning international finances and investments. It helped improve the quality of life of some people who were lucky and smart enough to get on it at the right time. Take for example some people in Venezuela and similar countries experiencing hyperinflation. They find some utility in bitcoin that they can't find on their own currency or even USD since it's banned. There's a lot that bitcoin offers, though with every aspect that it helps to improve I'm sure there's always an opposition to it.
full member
Activity: 1708
Merit: 126
Bitcoin for me is a good back up asset since it is future proof and secure. What is happening nowadays are just signs and warnings to those who are thinking of Bitcoin as just normal as fiat money and they will soon realize the true meaning of financial freedom.

Banks and different institutions were actually underestimating Bitcoin before but as time passes by, it continuously proves that it could exceed beyond their expectations. It became a treat for them but an asset that provides financial freedom for most of us. It just needs more adoption but that will take time.
sr. member
Activity: 1092
Merit: 284

This makes a case for bitcoin being literal "freedom money" for many in the world who have been deplatformed or had accounts frozen by banks. It cites political opposition to Vladimir Putin utilizing it for funding. Dissidents in nigeria, iran, palestine, cuba, belarus & many other places the same.

I wish the political angle wasn't so heavily emphasized in this day and age. Bitcoin and cryptocurrencies are amazing stand alone inventions without mentioning political implications of the technology. Crypto expands peoples horizons & changes the way we think about money for the better imo.


not only that, the presence of bitcoin has taught us not to see the social color, culture, country, skin color and where you come from. the most important thing is that you have the right as an individual who has the freedom to do transactions. and it is true that politics does not need to enter and participate in the realm of bitcoin, on the contrary, bitcoin accepts anyone regardless of which side of the party you come from. therefore, all state institutions and governments cannot act as a barrier to bitcoin growth, let alone try to prohibit and block our access, because these violate our rights as free individuals.
sr. member
Activity: 840
Merit: 255
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In sense it is right Bitcoin will be accommodating for human being in all ranges but the address is that's there get to of Bitcoin to all populace around the world? Obviously no,It implies there's as well musch domestic work for government and innovation neighborly companies to create it conceivable to permit Bitcoin in legalized way to people.Bitcoin have positive imapacts on economy and socitey and the most part is that youthful era will utilize their expertise on Bitcoin to back their lives and families.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Protecting?
Please name in which of all those situations have the freedom and the human rights been protected?

Many a time have I heard of claims such as Bitcoin could highly boost a country's economy, Bitcoin could address poverty, Bitcoin could address unequal distribution of wealth, and so forth. There may be a certain amount of truth in each or even all of them but to generalize or label Bitcoin as such could actually be misleading or simply an exaggeration.

Well, Bitcoin is fighting poverty in Venezuela for almost a decade but it seems like it's not succeeding at all.

I wish people would stop having such great expectations from a coin that was not designed for any of those, it's not a magic golden goose, it's not a magical safe that won't open no matter what, it's not something that can protect its user from abuse.
It's a perfect tool to make transactions and keep your money safe in a normal environment, in a stable country with no mad dictator, not in a war-torn country where the police or army is free to beat you to death if you don't tell them everything you know.

legendary
Activity: 3080
Merit: 1500
Lol! Webhave seen similar things happening during the mass protest in Hongkong. The protesters were converting their money into bitcoins so that Chinese military can't trick them from their bank account. But if bitcoin is only helping us in extremely wired situations like Military coup or mass protests, then it's definitely not sending a good signal to the governments around the world. Probably that will become another good reason for them to ban it.

But nonetheless, Bitcoin is definitely helping in capital appreciation for many people here. Who are becoming richer day by day while it stays extremely difficult for the common people to earn it.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
That news in Myanmar is true and they're almost shutting down every medium of communication for the people there. I can connect the situation from the countries who have hyper inflation like Venezuela. Like what we know on that country, bitcoin has saved a lot of citizens in their hard situation. These governments are aware of the existence of bitcoin and they don't like it at least for some. And those citizens that have managed to put their wealth into bitcoin can keep it there while they make their ways out from those countries or living to a place which they find secure and free.

hero member
Activity: 3150
Merit: 937
Nowadays everything is politics and Bitcoin cannot be kept away from this.
If dissidents and oppressed people around the world are using BTC to survive,that's great.
They could be using any altcoin they want,or even fiat money(cash,not bank accounts) in order to survive.
Should we call paper cash or altcoins "freedom money"?Of course not.
I don't want to call Bitcoin "freedom money",because it sounds cringe and we shouldn't put BTC on a such a big pedestal and turn it into some kind of religion or a "solution to all problems"/panacea.
sr. member
Activity: 1736
Merit: 357
Peace be with you!
Bitcoin for me is a good back up asset since it is future proof and secure. What is happening nowadays are just signs and warnings to those who are thinking of Bitcoin as just normal as fiat money and they will soon realize the true meaning of financial freedom.
legendary
Activity: 2576
Merit: 1860
It's such a huge claim. Sometimes I cringe on certain claims made by Bitcoin fans. I don't necessarily disagree with them, but sometimes they just seem to portray Bitcoin as something heaven-sent, capable of addressing the most fundamental issues of humanity.

Many a time have I heard of claims such as Bitcoin could highly boost a country's economy, Bitcoin could address poverty, Bitcoin could address unequal distribution of wealth, and so forth. There may be a certain amount of truth in each or even all of them but to generalize or label Bitcoin as such could actually be misleading or simply an exaggeration.

At the end of the day, Bitcoin is simply a tool, a generally neutral tool which could protect a certain human right such as the right to privacy, for example, as much as it could also be a tool used by a criminal to get away from being lawfully prosecuted and brought to justice.
legendary
Activity: 2562
Merit: 1441
Quote
https://www.youtube.com/watch?v=xLYYh4aPXAM

Bitcoin has won over some of America's best-known billionaires, and institutions worldwide are treating it as a serious financial asset. But bitcoin's rising price is only one part of the story.

Whether they know it or not, people who buy bitcoin are strengthening a tool for protecting human rights. This still relatively new form of electronic money is censorship-resistant, seizure-resistant, borderless, permissionless, pseudonymous, programmable, and peer-to-peer.

In bitcoin, transactions don't go through banks or financial intermediaries. They travel directly from one person to another.

Payment processing is done not by a regulated company such as Visa or Mastercard but by a decentralized global software network. Storage is handled not by a bank but by the users themselves.

Bitcoin issuance isn't determined by central bankers. The currency's creator, Satoshi Nakamoto, set it to have an ultimate limit of 21 million. No one can ever print more.

Bitcoin transactions can't be stopped, and you don't need to reveal your name or address or telephone number to participate. You just need internet access.

In 2017, the economist Paul Krugman described bitcoin as "some fancy technological thing that nobody really understands. There's been no demonstration yet that it actually is helpful in conducting economic transactions. There's no anchor for its value."

Krugman lives in a sheltered environment in a liberal democracy with constitutional protections. His native currency is globally dominant and relatively stable. It's easy for him to open a bank account, to use a mobile app to pay bills, or to grow his wealth by investing in real estate or stocks.

But not everyone has that level of privilege. Around 4.2 billion people live under authoritarian regimes that use money as a tool for surveillance and state control. Their currency is often debased, and they are, for the most part, cut off from the international system that Krugman enjoys. For them, saving and transacting outside the government's purview isn't shady business. It's a way to preserve their freedoms.

In China, if you type or utter one wrong word, the Communist Party might eliminate your financial services. This devastating outcome creates a chilling effect for dissidents and creative minds, who are forced to use the country's increasingly centralized digital economy.

In Hong Kong or Russia, donors to human rights organizations can see their bank accounts suspended and funds seized.

Over the past few months in Belarus and Nigeria, nationwide protests have broken out against tyranny and corruption. In both places, activists raising money to support the democracy movement have had their bank accounts frozen.

Just a few days ago, in Burma's latest coup, the military shut down the banking system and turned off the ATMs.

For activists living under state repression, bitcoin provides a way to preserve their money in cyberspace, locked away by encryption, safe from devaluation, in a network that has never been hacked. For them, it's digital cash and digital gold rolled into one.

And in Cuba, Nigeria, China, Pakistan, Venezuela, Russia, Turkey, Argentina, Palestine, Zimbabwe, and elsewhere, bitcoin is catching on and helping people escape tyranny and currency collapse.

In the past few months, Belarusian activists have used bitcoin to defy the regime by sending more than 3 million dollars of unstoppable money directly to striking workers, who then convert it locally to rubles in peer-to-peer marketplaces to feed their families as they protest the country's dictatorship.

In October, a feminist coalition in Nigeria raised the equivalent of tens of thousands of dollars in bitcoin to buy gas masks and protest equipment as activist bank accounts were being turned on and off.

In Russia, the opposition politician Alexei Navalny has raised millions in bitcoin as Vladimir Putin maintains strict control over the traditional financial system. Putin can do a lot of things, but he can't freeze a bitcoin account.

In Iran and Palestine and Cuba, individuals face sanctions or embargoes because of the misdeeds of their corrupt rulers. Bitcoin gives them a lifeline for earning income or receiving remittances from abroad.

Some Venezuelans, having watched their country's currency evaporate due to hyperinflation, are converting their resources to bitcoin's digital format and then escaping. With their savings secured by a password that can be stored on a flash drive, phone, or even memorized, they've started new lives in other countries, taking advantage of a technology that refugees throughout history could only dream about.

The citizens of democracies also face financial controls, deplatforming, and an ever-expanding surveillance state. But those lucky enough to live in open societies can vote, sue, protest, and write, and those methods might allow them to protect their financial freedom and privacy. The billions who live under authoritarian governments don't have the same options.

Unlike democracy, bitcoin is universally available. You don't need to have a particular passport or bank card or voting status to use it. No government can turn off your bitcoin if it's threatened by your ideas.

We are in the middle of a great digital transformation, a time when cash, one of the last bastions of privacy and freedom, is disappearing. People rely increasingly on easily surveilled apps such as Apple Pay and AliPay—and, perhaps soon, central bank–issued digital currencies as their primary medium of exchange.

Bitcoin provides an alternative to our increasingly centralized financial system. It gives any activist or journalist a way to raise funds without censorship, a way to save despite the corrosive impact of excessive money printing, and a way to teleport value without permission.

Bitcoin wasn't as powerful five years ago, before it had global liquidity. But today, exchanges have popped up in every region, daily trading volume exceeds that of Apple and other popular stocks, and peer-to-peer marketplaces such as Paxful and LocalBitcoins have extended their reach, enabling users to sell bitcoin for local currency almost anywhere in the world.

Maybe you don't need bitcoin. Maybe you don't understand bitcoin. Maybe PayPal, Venmo, or your bank account serves your needs just fine.

But don't write off bitcoin as simply a vehicle for financial speculation. For millions of people around the world, it's an escape hatch from tyranny—nothing less than freedom money.

https://reason.com/video/2021/02/05/bitcoin-is-protecting-human-rights-around-the-world/


....



This makes a case for bitcoin being literal "freedom money" for many in the world who have been deplatformed or had accounts frozen by banks. It cites political opposition to Vladimir Putin utilizing it for funding. Dissidents in nigeria, iran, palestine, cuba, belarus & many other places the same.

I wish the political angle wasn't so heavily emphasized in this day and age. Bitcoin and cryptocurrencies are amazing stand alone inventions without mentioning political implications of the technology. Crypto expands peoples horizons & changes the way we think about money for the better imo.

Quote
Just a few days ago, in Burma's latest coup, the military shut down the banking system and turned off the ATMs.

https://www.newindianexpress.com/world/2021/feb/01/banks-closed-atms-shut-down-in-myanmar-following-military-coup-2258129.html

The above point sounds terrifying btw. Maybe its time to begin discussing potential methods to curb these forms of abuse?
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