Bitcoin Is The Peaceful Protest That Palestinians Need
With Palestinians excluded from financial services and unable to achieve independence in the fiat system, the country needs Bitcoin.Palestine’s economy is struggling from severe internal and external constraints under the Israeli occupation. Israel-imposed economic and social restrictions are constantly hindering inclusive and sustainable economic growth. These restrictions put various limitations on people and resources, causing economic stagnation in that area. However, other internal factors also contribute to poor economic growth. Some of these include high poverty and unemployment....
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Bitcoin gives Palestinians a powerful avenue for peaceful protest, and the opportunity to find sovereignty among oppressive economic policies.
The Palestine Monetary Authority is exploring the possibility of issuing its own digital currency. For Palestinians, the minting of a national coin would represent a step, at least a symbolic one, towards achieving monetary independence from the State of Israel. Digital Currency to Help Palestinians Cope With Israeli Restrictions Palestinians are currently conducting two studies on the matter of digital currency. While a decision is yet to be taken, the intention is to eventually employ a digital coin “for payment systems in our country and hopefully with Israel and others to use....
On June 1, Spain passed a law enacting fines of up to US$33,000 for peaceful protest and filming of police. Critics of what they are calling “the gag law” say it is a step back into dictatorship. According to the New York Times, citizens under the new law can be fined the equivalent of almost US$700 for “insulting” an officer, and over US$33,000 for recording and disseminating images of law enforcement — which are most important and effective during instances of police brutality and abuse of power. Peaceful protesters could face fines of up to US$664,000 for participating in an....
For its refusal to serve customers in the Palestinian territories, British politicians including those from the Labour, Conservative and Scottish National parties, have joined a US campaign group and hundreds of Palestinian nationals to call for their access to PayPal. In a motion tabled before the British parliament, the politicians called on PayPal to expand its service to Palestinians and their banks as “a move which has the opportunity to make a positive contribution to Palestinians and their economy and alleviate the high rates of unemployment.” They noted that the worldwide online....
Developing a tough mind and a tender heart is a strong foundation for Bitcoin Maximalists to become peaceful warriors on the path to hyperbitcoinization.