3 Lessons From The Oslo Freedom Forum: Why BTC? Nabourema, Likhachevskiy, Diop

    The Oslo Freedom Forum provides one other technique to measure the bitcoin community’s price. Price motion is ok, however, what about real-life influence? The occasion is just not about bitcoin per se. However, The Human Rights Foundation’s Chief Strategy Officer, Alex Gladstein, put collectively a collection of one-minute clips that summarize precisely how deep bitcoin’s existence adjustments the whole lot.

    Let’s learn and listen to what the activists should say. Last time it was Carter, Mahboob, and Volkov. On this event, we go to Togo, Belarus, and Senegal to study precisely why bitcoin is crucial for humanity’s future. It’s onerous to see the advantages from one of many few international locations during which the banking system truly works. See it via this version’s Oslo Freedom Forum protagonist’s eyes and also you’ll achieve the required perspective.

    BTCUSD price chart for 06/30/2022 - TradingView

    BTC value chart for 06/30/2022 on Bitfinex | Source: BTC/USD on

    Oslo Freedom Forum: Farida Nabourema On Monetary Colonialism

    The Togolese human rights defender poses the issue. The CFA Franc is financial colonialism, it’s so simple as that. However, the Oslo Freedom Forum rapidly realized that few individuals outdoors of the international locations which might be pressured to make use of the forex understand how deeply rooted the difficulty is. 

    “Living in Togo, money has been at the center of our struggle for change because literally us falling under dictatorship came from our decision to want to become monetarily independent from the colonial system. Togo and the other 14 countries in the French colonial system they all have to follow the same monetary policies that were created by the colonial institution. And in that specific sector, laws have been passed literally banning citizens from owning foreign currency.”

    Now, the truth that your nation doesn’t have management of your nationwide forex is dangerous sufficient. It’s like, your nation is unbiased, however not fairly. And that’s simply the tip of the iceberg. The penalties for activists that don’t essentially see eye to eye with the federal government are somewhat more durable to see. Back to Farida Nabourema:


    That’s proper, activists are quietly punished and condemned to stay poor, however, what else is new? Bitcoin is. There’s a brand new recreation on the town, and everybody can take part in it. In this case, it’s simple to see how helpful that is for activists, however how the nation as a complete may profit is somewhat more durable to see.

    “So bitcoin provides better stability while allowing us to continue our struggle but also help us find a different monetary system as we hope that one day we can have state institutions that are accountable to us because for now the people of Togo have no say whatsoever in terms of our fiscal and monetary and financial policies.”

    Before the Oslo Freedom Forum, Bitcoinist featured Farida Nabourema’s participation in the “Bitcoin is Freedom” panel. That was a part of our Bitcoin 2022 protection.

    Oslo Freedom Forum: Jaroslav Likhachevskiy On The Need For Bitcoin

    The Oslo Freedom Forum realized precisely why the world wants bitcoin via a have a look at the current historical past of Belarus with BYSOL founder Jaroslav Likhachevskiy.

    “The political situation in Belarus has been bad for almost 30 years, but 2020, it went completely crazy. Lots of crackdown. Lots of violence in the streets. 50,000 people in jail in Europe, can you imagine? And huge need of support in civil society and activists inside of the country.” 

    In some components of the world, the banking system works and it looks like bitcoin is just not mandatory. That is, till the banking system is weaponized in opposition to you and the whole lot you personal will get confiscated.

    “And we suddenly realized that the traditional financial system is 100% tracked and known by the regime. All of the transactions, all of the assets, all of the accounts, everything, so they can freeze your funds any day of the week. They can take it. They can put you into the jail because you received support from abroad. And this is the moment we started using crypto for transferring money.”

    Oslo Freedom Forum: Fodé Diop On The New Banking

    The Senegalese monetary freedom advocate paints the issue as soon as once more. It’s onerous to see the necessity for a brand new banking system from the few international locations during which the present one works. However, the need is painfully apparent from any nation during which the present system has failed. Diop instructed the Oslo Freedom Forum:

    “The money is not broken in a developed world. In Norway, in America, money works. We have a way to go to a bank really quick, open up a bank account, get a credit card and get pretty much like all these banking services. Unfortunately, in Africa, banks are pretty much luxury brands because a bank will never open up a branch in a village. So how do we service these people?”

    That’s a rhetorical query, Fodé Diop solutions it straight away with an extended model of “bitcoin fixes this.”

    “Personally, I believe that the future is going to be the future of banking is going to be most likely an Android device connected to the Bitcoin Network and we can send value from anywhere in the world. And anybody who joins the network participates in the network effect of this monetary system itself.”

    Bitcoinist not too long ago featured Fodé Diop’s keynote in our Bitcoin 2022 protection.

    And that’s it for at present. Come again quickly for 3 extra classes from the Oslo Freedom Forum.

    Featured Image: Fodé Diop screenshot from this video | Charts by TradingView

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