Andreas was recently interviewed by Peter McCormack on Defiance regarding the benefits of using virtual currencies in today’s age.
The renowned Bitcoiner first spoke of how traditional financial methods are failing people. He stated, “Why do we need Bitcoin? Because we’re heading into the 21st century now with a system of money built in the 16th century and a system of banking and finance built in the early 20th century.”
Andreas put forth his views regarding the “depressingly bad” situation in Latin America, Africa, Asia, and certain regions in Europe. He asserted that the “21st century needs a 21st-century system of internet money.” Andreas added that this currency had to have the main fundamentals of being “borderless, permissionless, censorship-resistant, and immutable, and that’s Bitcoin ”
The focus of the discussion was how surveillance systems were adversely impacting lives of millions around the world. He spoke about a network that included developed nations which exists solely to spy on citizens; he said:
“in many of these countries, there are laws from preventing the whole scale surveillance and intrusion of privacy and authoritarian measures against their own citizens, they are allowed to do it against citizens of other countries.” Read More...