Post
Topic
Board Bitcoin Discussion
Merits 3 from 1 user
Re: Bitcoin - a bloodless revolution
by
1miau
on 13/01/2023, 00:59:13 UTC
⭐ Merited by NeuroticFish (3)
When I read your articles, I'm always reminded of Alex Gladstein writing similar articles.  Cheesy
Similar like you, he's focussing on how Bitcoin can help normal people in very different cases, where poverty, a corrupt leadership, lack of democracy or military surpression is causing these problems.

One of Gladsteins biggest hits is his article "Fighting Monetary Colonialism With Open-Source Code" (archived) where he reveals an interesting fact: France still uses monetary colonialism to exploit 15 African nations. It sounds a bit crazy but it's true. Monetary decisions for 15 African Nations are still made in France because last century, these countries have been colonies of France. In these 15 African countries, a currency called CFA franc is official currency. It was / is pegged to Franc / later Euro but peg can be changed like in 1994, when CFA Franc was devalued by 50%. 
In addition, important decisions are made by France. 

Why is it beneficial for France? Getting cheaper imports!

CFA Franc is a relict from the last decade.
And here, Bitcoin can be useful as Alex Gladstein describes.  Smiley

Or did you know that France is still controlling monetary decisions of 15 African nations?  Cheesy



So, we can see: Bitcoin is a great tool for people living under authoritarian regimes. It might be hard for us to imagine how it is to live under an authoritarian regime or a very poor country and for those people, Bitcoin can make a big difference. Bitcoin can really help people is such countries to WIN a bloodless revolution and improve their lives massively.  Smiley