Warning: session_start(): open(/tmp/sess_c5642b25c6a40d7007049ec2a04c7f80, O_RDWR) failed: Disk quota exceeded (122) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /tmp) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: Cannot modify header information - headers already sent by (output started at /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php:83) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-weather/class.jnews-weather.php on line 70
Bitcoin as a tool to fight authoritarian regimes: Vladimir Putin critic explains – The Future Coin
The Future Coin

Bitcoin

$49,183.28

BTC 0.51%

Ethereum

$1,652.74

ETH 4.70%

XRP

$0.46

XRP -0.90%

Litecoin

$182.58

LTC -0.36%

EOS

$3.73

EOS -0.77%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Bitcoin News

Bitcoin as a tool to fight authoritarian regimes: Vladimir Putin critic explains

by The Future Coin
June 29, 2020
in Bitcoin News
0
Bitcoin as a tool to fight authoritarian regimes: Vladimir Putin critic explains
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Sergei Guriev, professor of Economics at Paris’ Sciences Po and a critic of Vladimir Putin, told Cointelegraph how Bitcoin can be used as a tool to combat authoritarian regimes despite having “no fundamental social value”.

Unlike fiat currencies, the purchasing power of Bitcoin is not backed by any institution. That is why, according to Guriev, “Bitcoin is a merely speculative instrument without any fundamental value”. 

He also pointed out that, unlike company stocks, Bitcoin does not produce or promise to produce cash flow.

“Bitcoin is not producing anything of additional value”, he said. It’s value is “only contingent on all parties being happy to use it as a medium of exchange”, points out Guriev. 

However, Guriev recognizes Bitcoin’s important role in authoritarian regimes. In countries such as Russia, it is used as a valuable tool to support the opposition anonymously. 

“The Russian government makes sure that non-anonymous donors of the opposition are somehow harassed or prosecuted”, he told Cointelegraph. 

Guriev himsel fled Russia to escape harassment by Russian authorities after he openly supported the local opposition to Vladimir Putin’s regime. 

According to Guriev, the pseudonymity of Bitcoin and its censorship resistance are the main reason why Russia is about to pass a law that will crack down on digital currencies in the country. 

“Anonymous fundraising tools like digital currencies are the enemy of the Russian State”, he states. 

Check out the full interview on our Youtube channel and don’t forget to subscribe!

Source link

EDITOR’S CHOICE

Ethereum Rival Polkadot Futures Suffer 99% Flash Crash—Forcing Binance To Enact Fresh Controls

Global Crypto Investment Fund FD7 Ventures to Sell $750M USD Worth of Bitcoin to Increase Cardano and Polkadot Holdings

Coinbase Files for Direct Public Listing With SEC – Cryptocurrency Regulation

Tanla to take Blockchain platform Trubloq abroad

From mail-in ballots to business as usual, Vermont municipalities prepare for Town Meeting

CI files prospectus for Ethereum ETF – Advisor.ca

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 49,389.00
ethereum
Ethereum (ETH) $ 1,662.65
tether
Tether (USDT) $ 1.00
cardano
Cardano (ADA) $ 1.12
binance-coin
Binance Coin (BNB) $ 226.65
polkadot
Polkadot (DOT) $ 33.86
xrp
XRP (XRP) $ 0.463375
uniswap
Uniswap (UNI) $ 30.83
litecoin
Litecoin (LTC) $ 183.41
chainlink
Chainlink (LINK) $ 28.48
bitcoin-cash
Bitcoin Cash (BCH) $ 505.70
stellar
Stellar (XLM) $ 0.407549
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.051084
nem
NEM (XEM) $ 0.724806
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 49,448.00
aave
Aave (AAVE) $ 392.03
okb
OKB (OKB) $ 17.11
cosmos
Cosmos (ATOM) $ 18.85
theta-token
Theta Network (THETA) $ 4.47
crypto-com-chain
Crypto.com Coin (CRO) $ 0.155449
vechain
VeChain (VET) $ 0.058132
monero
Monero (XMR) $ 203.96
tron
TRON (TRX) $ 0.050938
eos
EOS (EOS) $ 3.75
iota
IOTA (MIOTA) $ 1.27
bitcoin-sv
Bitcoin SV (BSV) $ 182.19
solana
Solana (SOL) $ 12.77
terra-luna
Terra (LUNA) $ 8.05
binance-usd
Binance USD (BUSD) $ 1.00
havven
Synthetix Network Token (SNX) $ 21.42
tezos
Tezos (XTZ) $ 3.84
huobi-token
Huobi Token (HT) $ 15.13
neo
NEO (NEO) $ 38.38
ftx-token
FTX Token (FTT) $ 29.87
dai
Dai (DAI) $ 1.00
cdai
cDAI (CDAI) $ 0.021240
elrond-erd-2
Elrond (EGLD) $ 139.55
filecoin
Filecoin (FIL) $ 41.31
the-graph
The Graph (GRT) $ 1.82
sushi
Sushi (SUSHI) $ 17.31
avalanche-2
Avalanche (AVAX) $ 26.44
compound-ether
cETH (CETH) $ 33.33
compound-governance-token
Compound (COMP) $ 484.35
dash
Dash (DASH) $ 209.00
compound-usd-coin
cUSDC (CUSDC) $ 0.021738
kusama
Kusama (KSM) $ 227.81
maker
Maker (MKR) $ 2,200.08
decred
Decred (DCR) $ 153.86
leo-token
LEO Token (LEO) $ 1.93