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#642 Bitcoin and Human Rights with Alex Gladstein

8/25/2021 · 45 min · transcript via mlx

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Key topics

— Bitcoin's role as a freedom tool for people in authoritarian regimes and those facing currency collapse, demonstrated through real stories from Afghanistan, Cuba, and Nigeria.

— The impact of Western Union's withdrawal from Afghanistan and the frozen Afghan central bank reserves, leaving citizens and the nation state without access to financial services.

— Cuba's economic hardship and currency manipulation schemes (the MLC system), driving adoption of Bitcoin as an alternative to collapsing fiat money.

— Nigeria's rapid Bitcoin adoption despite limited internet access, with platforms like Paxful reaching nearly 2 million users and homegrown innovations like SendCash.

— Remittance dependencies in developing countries, where Bitcoin eliminates costly middlemen fees (currently 6–8%) and enables near-instant transfers.

— The Human Rights Foundation's expanded focus on Bitcoin education and developer funding, including the Oslo Freedom Forum events and the Bitcoin Development Fund.

Market & price signals

— None discussed.

Actionable insights

— Education about Bitcoin should start locally with family and friends; even in 2024, Bitcoin adoption is roughly equivalent to internet penetration in 1997, making early adopters well-positioned for the next decade.

— Support the Human Rights Foundation's work by visiting [hrf.org/BTC](https://hrf.org/BTC) to donate Bitcoin to the Bitcoin Development Fund, which funds open-source privacy and wallet technology globally.

— Consider the real-world human rights impact of Bitcoin beyond price speculation—learning about and teaching others about Bitcoin is an immediate way to empower people in countries experiencing currency collapse or financial censorship.

Episode sponsorships

Paid placements mentioned in this episode. BTC Pods is not sponsored by or affiliated with these advertisers. Links are included so you can find offers mentioned on the show.

— Gemini is a regulated cryptocurrency exchange, wallet, and custodian that makes it simple and secure to buy Bitcoin, Ether, and other cryptocurrencies. Visit Gemini.com to open an account.

— MiamiCoin, the first city coin, is now live with mining begun on August 3rd and over $1 million in protocol contributions already reserved for the City of Miami. This community-launched program built on Bitcoin offers $25,000 in prizes to developers building apps to benefit Miami, with winners announced by Ryan Hoover (founder of Product Hunt) and Bored Elon Musk. Visit miamimakers.co to learn more and sign up.