Chapter
The Role of Bitcoin in Resisting Authoritarianism and Hyperinflation
46:46 - 55:11 (08:24)
Bitcoin has become a tool for people in countries like Sudan, Syria, and Venezuela to combat hyperinflation and authoritarianism by providing a way to move their wealth out of the country and make payments. Money, therefore, is really about control and Bitcoin offers an alternative to centralized control.
Clips
The historical access to information and power was directly correlated with wealth, and this notion continues to manifest today through currency control, who issues it, who sets the interest rates, and making the rules addressing money is critical to the human rights discourse.
46:46 - 48:38 (01:52)
Summary
The historical access to information and power was directly correlated with wealth, and this notion continues to manifest today through currency control, who issues it, who sets the interest rates, and making the rules addressing money is critical to the human rights discourse.
ChapterThe Role of Bitcoin in Resisting Authoritarianism and Hyperinflation
Episode#231 – Alex Gladstein: Bitcoin, Authoritarianism, and Human Rights
PodcastLex Fridman Podcast
Money is not just about purchasing power, as it can also be used as a tool for control over individuals and nations.
48:39 - 51:12 (02:32)
Summary
Money is not just about purchasing power, as it can also be used as a tool for control over individuals and nations. Human rights activists are well-versed in the role of money in perpetuating corruption and inflation, which can have devastating effects on societies.
ChapterThe Role of Bitcoin in Resisting Authoritarianism and Hyperinflation
Episode#231 – Alex Gladstein: Bitcoin, Authoritarianism, and Human Rights
PodcastLex Fridman Podcast
Resisting inflation and mismanagement of money supply can help in resisting the abuse of human rights and corruption.
51:12 - 53:35 (02:23)
Summary
Resisting inflation and mismanagement of money supply can help in resisting the abuse of human rights and corruption. Only a small percentage of the world's population live in liberal democracies where there are guarantees for property rights and a stable currency.
ChapterThe Role of Bitcoin in Resisting Authoritarianism and Hyperinflation
Episode#231 – Alex Gladstein: Bitcoin, Authoritarianism, and Human Rights
PodcastLex Fridman Podcast
The use of Bitcoin has been growing in high inflation countries such as Sudan, Syria, Venezuela, and Nigeria, where people's wages are rapidly decreasing against other currencies, real estate, and gold.
53:35 - 55:11 (01:35)
Summary
The use of Bitcoin has been growing in high inflation countries such as Sudan, Syria, Venezuela, and Nigeria, where people's wages are rapidly decreasing against other currencies, real estate, and gold. An estimated 1.3 billion people live under double or triple digit inflation.