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Bitcoin Is Protecting Human Rights Around the World

Bitcoin Is Protecting Human Rights Around the World

ReasonTV
3 HN recommenders · discussed 2021–2021
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About this video

A Reason TV segment, drawing on Alex Gladstein of the Human Rights Foundation, argues that Bitcoin works as an escape hatch for people living under authoritarian governments and inflating currencies.

Why it appears in the archive

HN commenters use it in crypto debates as evidence that Bitcoin matters for people in unstable-currency countries.

AI-generated summary and labels from the source dataset; verify important details against the video. Source & credits.

From the Hacker News discussion

ballofrubber · 2021-02 · rec

So you decide whats a waste of energy then? Here watch this: [VIDEO] Bitcoin mining allows energy companies to de-risk an investment in green energy solutions such as solar. If you place some miners onsite you always have full demand (which is a problem during peak production times). Bitcoin mining is a energy revolution.

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arbawk · 2021-03 · rec

Actually it's pretty important for many: [VIDEO] It's being widely adopted in countries with inflating currencies: Nigeria, Vietnma, and Argentina made it to #3 today (this link is slightly old). [LINK]

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Geee · 2021-06 · rec

Individual freedom and sovereignty are more important to society than electricity. I'm pretty sure you haven't thought of Bitcoin in that way, or how Bitcoin might enable this. Importance is subjective, but I think most people would choose freedom over electricity. After that, we might argue whether Bitcoin would actually be helpful in enabling this. It's not a simple concept to explain so here's a couple of videos which might help you to understand it better. Bitcoin Is Protecting Human Rights Around the World: [VIDEO] Philosophy of Bitcoin from First Principles: [LINK]

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ballofrubber · 2021-02 · reference

1. You don't decide whats a waste of energy or not. 2. [VIDEO] 3. Bitcoin Mining will make investments in renewable energy a lot less riskier as you can scale up as much as you want and always have a buyer. This drives out fossil fuel miners 4. Once bitcoins true price has been found, holders will spend to consume as much as they need/want to. Just like every other currency, except without the inherent need to spend(fixed issuance)

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ballofrubber · 2021-03 · reference

I think from a scientific view, allowing and observing the experiment bitcoin is extremely interesting. Nothing like it has challenged economic thinking in the last decades. It is very productive for a large population of the world.[0] Not everyone gets paid in a stable currency or has easy access to it. [0] [VIDEO]

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