In this episode of the Bitcoin Magazine Podcast, Dave Hollerith talks with Alex Gladstein of the Human Rights Foundation about Chinaâ€™s President Xi Jinping publicly expressing admiration for blockchain technology. This news drove the bitcoin price at the beginning of November 2019, but Gladstein is wary about what Chinaâ€™s public praise could mean for cryptocurrency in general.
Gladstein recognizes that blockchain technology by itself is really just a mechanism for control and surveillance of financial data. He believes, from a human rights perspective, that the real value of blockchains comes from decentralization, which is essential to democracy. He stated that Bitcoin is the greatest example of a decentralized blockchain and that, in the wrong hands, this technology would be used as a tool for tyranny instead of for freedom.
- In China, Itâ€™s Blockchain and Tyranny vs Bitcoin and Freedom
- From Pigs to Party Fealty, China Harnesses the Blockchainâ€™s Power
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