Bitcoin Audible

Read_526 - Check Your Financial Privilege [Alex Gladstein]

May 13, 2021
Explore the stark financial disparities facing the globe, as Alex Gladstein highlights the privileges of those within stable currencies. Discover how Bitcoin acts as a lifeline for individuals enduring authoritarian regimes and hyperinflation in countries like Sudan and Nigeria. Personal stories reveal Bitcoin's potential for empowerment and activism in oppressive environments. The discussion also critiques traditional financial systems, emphasizing the revolutionary impact Bitcoin can have on global governance and poverty alleviation.
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INSIGHT

Financial Privilege and Bitcoin's Importance

  • Only 13% of the global population are born into stable, advanced economies with reliable currencies.
  • The other 87% face autocracy or untrustworthy currencies, highlighting Bitcoin's importance.
ANECDOTE

Bitcoin in Nigeria

  • Iri Adernikan, a Nigerian entrepreneur, uses Bitcoin to combat economic instability and corruption.
  • Her platform, BuyCoins, helps Nigerians access Bitcoin, despite government resistance.
ANECDOTE

Bitcoin in Ethiopia

  • Calcasa, an Ethiopian businessman, discusses Bitcoin's potential in a country with limited banking access.
  • He uses Bitcoin for payments, bypassing government control and high transfer fees.
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