If there is one thing that any fan of cryptocurrency should know by now, it is that the question of cryptocurrency is polarizing. There are those who swear up and down that Bitcoin is a scam simply to deceive new investors and that the entire ICO sector is a fiction – while there are many others who believe that cryptocurrencies will radically change the way we live and we interact with one another.
It seems that the publication is respected and well known TIME He made his opinion known – well, at least, a TIME the writer has, and, unlike many other traditional news publications, is defending the development of Bitcoin. The TIME column has rapidly gained traction within the cryptocurrency community.
About The Column
The author is an Alex Gladstein, the principal strategy officer at the Human Rights Foundation and the Oslo Freedom Forum (according to his biography on Twitter). The title of the column is quite bold: "Why Bitcoin Matters For Freedom", and Gladstein tweeted a link to the column. The tweet has already collected over 1,000 likes and 400 retweets:
My @TIME column on why bitcoin is important for freedom. For billions who live under authoritarianism, it can be an alternative monetary system and an escape from economic control. And for all of us, it preserves the peer-to-peer virtues of money in an increasingly digital financial world. https://t.co/vmyhwlOVJr
– Alex Gladstein (@gladstein) December 28, 2018
An example of how Bitcoin can change the world that is being explored is obvious that the advocates of cryptocurrency are already aware: Venezuela. Due to the economic crisis in Venezuela caused by hyperinflation; many have turned to Bitcoin as a means of avoiding the strict financial control associated with the country.
It is important to note that the column was not simply an advertisement for cryptocurrency markets, as Gladstein specifically admitted that "speculation, fraud and greed in cryptocurrency and the blockchain community have overshadowed the real and liberating potential of 39; invention of Satoshi Nakomoto. "
The column did not simply provide Venezuela as an example, but indicated the fact that cryptocurrency can interrupt the remittance industry, a point raised by many who believe in the potential of the blockchain. Gladstein also said that decentralized technology in general allows users to avoid the traditional financial system and social networks that could be used against us.
The column ended by underlining that Bitcoin can help many people living under the authoritarian domination and can financially enhance populations that normally might not have the opportunity. Gladstein said: "If we invest time and resources to develop easy-to-use portfolios, more exchanges and better educational materials for Bitcoin, it has the potential to make the real difference to the 4 billion people who can not trust their leaders or who can not trust access to the system banking. For them, Bitcoin can be a way out. "