by Lisa Su, John Smith, Teon Ooi, Jane Doe, YKW test, James Lancelot
Why Bitcoin Is Freedom Money
Authoritarian governments worldwide are increasingly using financial repression to disable their challengers. By surveilling and freezing bank accounts, they can stop democratic opposition in its tracks. At the same time, human-rights groups from Nigeria to Russia to Hong Kong are turning to Bitcoin — a censorship-resistant
Fifty years ago, governments could not easily monitor or control the economy at the level of the individual. Most daily transactions across the planet were still conducted through cash, or maybe paper check, did not immediately register in a database, and could not be used to model the behavior of citizens or surveil dissidents. That world is long gone.
