Bitcoin Plays a Key Role in Protecting Human Rights

This is a fundamental role of Bitcoin that is still too little known.

Bitcoin price is an exciting topic. The volatility of Bitcoin price is creating an excitement that goes far beyond Bitcoin world. Investors in traditional financial markets, such as Wall Street, are now paying close attention to Bitcoin price variations.

All this noise about Bitcoin price is understandable, but it can make you lose sight of Bitcoin’s real objectives, which are much bigger than its price evolution over some weeks.

Bitcoin was created to allow citizens all over the world to benefit from a fully decentralized Peer-to-Peer payment system that gives them total power. Satoshi Nakamoto created Bitcoin following the banking and financial crisis of 2008. Bitcoin should therefore be seen as a response to this crisis.

The situation we are in today with the Federal Reserve deciding to print more than $6,000,000,000,000 in a totally arbitrary manner is what clearly pushed Satoshi Nakamoto to create Bitcoin in the past as he once said:

“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.” — Satoshi Nakamoto

Satoshi Nakamoto offered Bitcoin as a gift to all the citizens of the world to enable them to have a system that can be a credible alternative to the current monetary and financial system.

By giving the citizens of the world the power to opt out of the current system, Bitcoin also gives them the power to live their lives on their own terms.

Bitcoin already plays a vital role in the daily lives of millions of people in protecting their human rights.

Within Western countries, many Bitcoin users do not seem to realize this. They live in democracies that are more or less protective of their rights, and do not take the time to see what is happening elsewhere.

This is a mistake, because the preservation of human rights is a constant struggle. All it takes is a little slackening so that the people at the top of the system do try to strengthen their power by infringing on these human rights.

In order to better understand the essential role played by Bitcoin in the protection of human rights, I propose that you revisit at least five essential rights that Bitcoin helps you to preserve.