The CSO Of The Human Rights Foundation Suggests We Haven’t Seen Bitcoin’s Full Potential Yet

As well as other cryptocurrencies, when Bitcoin surfaced in the late 00s it was in reaction to the traditional financial system which wasn’t performing as well as it could have. On top of that, the ever-growing crisis of faith in systems such as these was withering. 

Bitcoin has been utilised and seen as by many, as an “escape valve” in several nations across the globe that have an oppressive regime. A good example of this is like what’s happening in Venezuela and Zimbabwe. 

Whatever you think about cryptocurrency, we think that it’s safe to say that the underlying technology has the potential for far beyond finance.

Impact 

The CSO of The Human Rights Foundation, Alex Gladstein believes that the “maximum human potential impact” of any kind of technology is not known straight away but instead takes time. Moreover, he adds that Bitcoin has a key role to play in a world that is currently undergoing “massive social transformation”. 

Speaking on the Scoop Podcast, the CSO said:

“I would say the same thing about Bitcoin and I think it’s only because of my background and of the people that I work with and the situations that I see every day that I’ve started to realize that the sort of wider impact that I think Bitcoin will have in a way that’s sort of similar to the Internet, to a technology that decentralized the means of production of information and access to information.”

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!