Garry Kasparov, the world’s most famous chess player, expressed that he supports Bitcoin as a means to combat human rights violations. Kaspárov is currently serving as president of a couple of foundations that are dedicated to helping people who are part of it. In this sense, he expressed through an interview that Bitcoin can fight human rights violations.
The best chess player endorses Bitcoin
Garry Kasparov, the Russian chess master, says that Bitcoin, crypto and Blockchain technologies are the solution to the demand for privacy in the financial markets.
Kasparov is president of a couple of foundations dedicated to human rights, digital freedoms, and the renewal of democratic freedoms.
In an interview with Forbes, Kaspárov said he saw many advantages of cryptocurrencies. According to him, they give people more control over their money, which is generally regulated “by the state, corporations or external parties“
“The good thing about Bitcoin is that you know exactly the number, the magic number of 21 million” The chess master said, referring to the maximum number of Bitcoin tokens that will ever be mined. “But when you look the other way, the Fed, for example, you never know how many trillions of dollars will appear on the market tomorrow that will hurt your savings.“
As president of the Human Rights Foundation, he believes that Blockchain technology and cryptocurrencies like Bitcoin are “natural options”For protection against breaches of privacy and human rights. Therefore, he faithfully believes that Bitcoin can combat human rights violations.
“I think the steady increase in popularity of Bitcoin and other cryptocurrencies and blockchain technology as a concept is inevitable. Because it is a response to the change of power of individuals to states or other institutions that can act in our privacy without our consent“
He also stressed that it is very important for them to address all human rights violations. So they try to help the people of the foundation.
Most of these people are under severe attack from their governments. Even if they were leaving their countries, their financial accounts were hacked, their information was stolen, which is why they have been offering special training courses.
In this sense, they invited famous hackers to help them and work with them: “We have taken every opportunity to offer them additional protection and, of course, Blockchain and Bitcoin were very natural options to incorporate into this strategy.“He pointed out.
Russia legalizes Bitcoin, but prohibits it as a payment method
Legislators from Russia’s lower house of parliament approved, in third discussion, on Wednesday, a bill that gives Bitcoin legal status, but prohibits its use for payments for goods and services. The Digital Financial Assets Act (DFA) considers cryptocurrencies as “digital rights involving money claims“
The draft law introduces a definition of digital currency, which cannot be a means of payment. According to comments issued by the Russian central bank. Furthermore, they are recognized as an electronic data set that can be adapted to investments.
Mining a BTC costs USD 5,000
The latest study by the intelligence firm BitOoda Estimates that the average price of mining a Bitcoin (1 BTC) is USD 5,000. They also expose the variables that allow setting this price at that value.
The main factor they consider when calculating the cost of mining is the price of energy. Which they measure in cents per kilowatt hour (c / kWh). Worldwide, the price varies between 0.5 c / kWh and 8 c / kWh.
In a few lines …
- Garrick Hileman, head of research at Blockchain.com, shared today in an interview that Indian banks are showing interest in cryptocurrencies. But they are also skeptical of making further progress in this space due to regulatory uncertainty.
- The son of the former Nissan president, Carlos Ghosn, who escaped house arrest in Japan in December, paid for the extraction with Bitcoin.
- The admin panel used by hackers to access more than a hundred accounts can be used by more than 1,000 Twitter employees, two former Twitter employees revealed.