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Alex Gladstein: Bitcoin Helps Bypass Government Control

Key Takeaways

  • ​Bitcoin helps people in authoritarian countries keep control of their money and avoid surveillance;
  • Gladstein said Bitcoin works best when users stay anonymous and manage their own wallets;
  • In 2013, Bitcoin helped Ukrainian protestors get funds after banks froze their accounts.

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Alex Gladstein: Bitcoin Helps Bypass Government Control

Alex Gladstein, the chief strategy officer at Human Rights Foundation, shared how Bitcoin BTC $107,463.30 is helping people push back against authoritarian control.

Speaking at the Bitcoin Policy Summit in Washington, DC, he explained that this digital currency gives individuals a way to protect their money from being frozen, monitored, or devalued by their governments.

According to Gladstein, Bitcoin is especially effective when used without linking personal identity to it. In such cases, he said, it becomes much harder for authorities to track someone’s financial activity.

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He also stated:

If you’re self-custodying your Bitcoin, governments can’t delete or freeze your stuff, and they certainly can’t hyperinflate you.

Gladstein gave an example during Ukraine’s protests against then-president Viktor Yanukovych in 2013. Many protestors suddenly lost access to their bank accounts.

At the time, Bitcoin was still relatively unknown and trading at around $100. The Human Rights Foundation was uncertain about its reliability but decided to try sending Bitcoin directly to those on the ground.

Gladstein said the result was a success since activists received funds even when other systems had failed.

The Human Rights Foundation works to defend civil liberties worldwide, particularly in countries with limited freedoms. Gladstein, who joined the organization in 2007, views Bitcoin as another tool to help people avoid financial control and censorship.

Genius Group recently announced plans to use any future lawsuit winnings to reward investors and purchase more Bitcoin. What did the company say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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