Anita PoschJan 22, 2023

1/18 In a world where the majority of people 54% live under authoritarian rulers, there will always be a use-case for a censorship-resistant and immutable money like #Bitcoin

How Bitcoin enforces human rights
> read my article: https://anitaposch.com/bitcoin-enforces-human-rights

Opposing the Corruptible Fiat System, Bitcoin Enforces Universal Human Rights

This is the most important article I've written for Bitcoin Magazine so far. It outlines how the properties of Bitcoin allow it to protect the human rights of people around the world, as outlined by the United Nations.

Show threadAnita PoschJan 22, 2023
2/18 There seems to be some sort of correlation between corruption and failing democracies. That is corruption enables both human rights abuses and democratic decline. In turn, these factors lead to higher levels of corruption, setting off a vicious cycle.
Show threadAnita PoschJan 22, 2023
3/18 No surprise that those same countries (in red) are the poorest. The worldwide map demonstrates an astonishing level of inequality between the haves and the have nots.
Show threadAnita PoschJan 22, 2023
4/18 There are many reasons for this. Colonialism definitely brought an imbalance of power and this political and economical control enabled the United Kingdom to become the first monetary hegemon. In 1910 all global trade was settled in Pound Sterling.
Show threadAnita PoschJan 22, 2023
5/18 After the first world war, this British power faded. The second world war created a new hegemon. The U.S. had won the war, had the most powerful economy and controlled basically all of the world’s gold reserves.
Show threadAnita PoschJan 22, 2023
6/18 When Richard Nixon abolished the gold standard in 1971, he basically rendered all currencies in the world as fiat money. “Fiat.)” is a Latin word that means “let it be done.”
Show threadAnita PoschJan 22, 2023
7/18 Since 1971, our currencies aren’t backed by gold anymore and only have value because they are legal tender. The economical consequences have been immense.
Show threadAnita PoschJan 22, 2023
8/18 In 1974, following a variety of geopolitical conflicts including, the Yom Kippur War and the OPEC oil embargo, the United States and Saudi Arabia reached an agreement to sell their oil exclusively in U.S. dollars. In exchange the U.S. guaranteed protection and cooperation.
Show threadAnita PoschJan 22, 2023

9/18 From there, the world was set on the Petrodollar system.

The Bretton Woods system was also the start of global financial institutions like the International Monetary Fund (IMF) and the World Bank.

Image: @bitcoinmagazine

Show threadAnita PoschJan 22, 2023
10/18 Since then, a lot of additional organizations like the Bank For International Settlements (BIS), the Financial Action Task Force (FATF) and OFAC were launched.
Show threadAnita PoschJan 22, 2023
11/18 Unelected representatives are inventing rules to fight money laundering, tax evasion and, in recent decades, terrorism.
Show threadAnita PoschJan 22, 2023
12/18 The result is financial exclusion of billions of people. The effects on people in these countries are huge. Sanctions always hurt the poor and vulnerable the most. The powerful find their ways out.
Show threadAnita PoschJan 22, 2023
13/18 For instance, FATF has made it difficult for non-governmental organizations (NGOs) in these countries to access funds to aid in relief situations due to strict FATF criteria. The FATF recommendations do not specifically set out restrictions for NGOs.
Show threadAnita PoschJan 22, 2023
14/18 @ronaldpol states that while the FATF has been very successful in getting its policies adopted worldwide, the actual impact of those policies is rather small: according to Pol’s estimates, less than 1% of illegal profits are seized, with the costs of implementing the…
Show threadAnita PoschJan 22, 2023
15/18 …policies being at least one hundred times larger. Pol contends that industry and policymakers consistently ignore this, instead evaluating the policies based on success metrics that are largely irrelevant.
Show threadAnita PoschJan 22, 2023
16/18 These organizations are forcing everyone into overarching regulations and bureaucracy, which enable control on the level of the individual leading to financial exclusion and oppression of billions of people.
Show threadAnita PoschJan 22, 2023
17/18 The data collected by authorities is a honeypot for hackers, online crimes and extortion. And this all to find the few who are really money laundering or financing terrorism. Instead of general surveillance, why not focus and target the few? It’s a vicious circle.
Show threadAnita Posch

18/18 Sanctions, overarching regulations and financial control are the reasons why people need #Bitcoin

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Show threadDick Smiths Fair Go SupportersFeb 6, 2023

@anita
Nice to see another person on the same page as us!

Indeed the centralization of currency creation and severing from a hard currency like gold has lead to a plethora of problems. Inequality due to #cantillonEffect being one such pernicious element but in many ways both of the two world wars were financed by debt money.

The map of perceived corruption, is correct only because it is labelled "perceived". There is so much #corruption and #financialCrimes, in western nations, but its covert.

Show threadDick Smiths Fair Go SupportersFeb 6, 2023

@anita
FYI your instance is served thrpugh Cloud-Flare, we strongly recommend looking at the HTTP Header Response of the bitcoinhackers.com page in your browser.

You'll see "server:cloufflare".

If you thought the internet was getting more free, we have sad news it is not. Just like so many independent banks in Australia and served through cf now, or Amazon, so to are many bitcoin exchanges.

We strongly recommend finding a non-cf instance on fediverse.