The Network State Podcast

#32 - Alex Gladstein

Jan 15, 2026
Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation, shares insights on Bitcoin as a lifeline for people in collapsing economies. He critiques the IMF and World Bank's roles in creating debt traps and discusses the importance of separating money from state control. Gladstein contrasts Bitcoin with stablecoins, advocating for Bitcoin's potential to preserve free speech and property rights. He highlights real-world applications of Bitcoin, including projects like Bitcoin Beach, showcasing its power to enable financial freedom.
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INSIGHT

Global Financial Privilege Is Narrow

  • Only about a billion people live under secure property rights, free speech, and open capital markets.
  • For the other ~7 billion, money often fails daily, which drives them toward Bitcoin as a refuge.
INSIGHT

Stablecoins Strengthen Dollar Power

  • Stablecoins and Bitcoin solve different problems and produce different long-term effects.
  • Stablecoins tend to enhance dollar hegemony, while Bitcoin separates money from state and enhances individual freedom.
ADVICE

KYC At Ramps, Not On-Chain

  • When issuing stablecoins, prefer KYC at on/off ramps rather than mandatory on-chain whitelist KYC.
  • Preserve permissionless entry so users in unbanked countries can access USD on their phones without full on-chain surveillance.
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