Alex Gladstein, chief strategy officer of the Human Rights Foundation, explains why he believes China's new pro-blockchain stance could turn out to be a blunder for the country and why this could lead to a red pill/blue pill moment that gets Chinese citizens interested in Bitcoin. He also talks about how the country could use a digital yuan as financial leverage in other countries, and why he's skeptical of the Chinese government's claims that anonymous transactions will be possible in the currency, called DCEP. We also talk about how wary citizens around the world should be as more societies go cashless, how corporations are starting to self-censor due to China's financial leverage and what the connection is between financial freedom and free speech.
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Episode links:
Alex Gladstein: https://twitter.com/gladstein
Human Rights Foundation: https://twitter.com/HRF
China’s enterprise blockchain projects:
https://www.coindesk.com/from-banking-giants-to-tech-darlings-china-reveals-over-500-enterprise-blockchain-projects
China’s push to support cryptography: https://www.coindesk.com/chinas-congress-passes-cryptography-law-effective-jan-1-2020
Articles saying DCEP can be used like cash, does not require bank account: https://www.coindesk.com/new-head-of-chinas-digital-currency-says-it-beats-facebook-libra-on-tech-features
http://news.cnstock.com/news,yw-201909-4427378.htm
A Chinese dissident's view on the country's blockchain push
https://www.coindesk.com/bitcoin-dissident-sees-dark-warnings-in-chinas-blockchain-push
News recap
To see the links in this week's news recap, go to https://unchainedpodcast.com/only-we-chinese-pump-with-real-money/
The 'Brilliant Asshole' Who Almost Blew Up Coinbase - Ep.126
Bitcoin at the 3rd Halving: What We See From On-Chain Data - Ep.125
A Bitcoin Price of $115,000 Next Year? - Ep.124
Why 2020 Will Be the Year Bitcoin Becomes a Mature Asset - Ep.123
Haseeb Qureshi on the Unbelievable Story of the $25 Million Lendf.me Hack - Ep.122
12 Big Class-Action Lawsuits in Crypto: What, Who, How and Why - Ep.121
China's Crypto Industry and DCEP in the Time of Coronavirus - Ep.120
Coronavirus Relief and Its Impact on the Crypto Markets - Ep.119
What Happened on BitMEX During Black Thursday - Ep.118
Blockchain Tech's Storytelling Problem and How to Solve It - Ep.117
Coronavirus: How It Will Impact Bitcoin and the Halving - Ep.116
Steemit Chaos: Why Justin Sun and the Community Are at War - Ep.115
How Avanti Will Be a 'Not Your Keys, Not Your Coins' Bank - Ep.114
How 2 DeFi Attacks Made Almost $1 Million in Profit - Ep.113
SEC Commissioner Hester Peirce on Her Safe Harbor Proposal - Ep.112
Elizabeth Stark, CEO of Lightning Labs, on the Launch of Loop - Ep.111
Want a Job in Crypto? Exchanges Are Hiring - Ep.110
How DeFi Liquidators Make Money With Just Bots - Ep.109
PoolTogether: Save Money, With a Chance to Win - Ep.108
Why Bitcoin Outperformed Most of the Crypto Assets in 2019 - Ep.107
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