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Stateless man hopes bitcoin will help all people without citizenship

FROM: http://rt.com/business/213803-bitcoin-s ... ss-people/

Published time: December 12, 2014 10:59

Tags
Bitcoin, Currencies

Cross-border transactions are difficult for people without a national identity, and that’s where bitcoin can save the day, says Glen Roberts who is stateless after renouncing his US citizenship.

Glen Roberts, author of ‘How to Renounce Your U.S. Citizenship in Two Easy Steps’ gave up his nationality after living in various Central and South American countries for more than a decade.

When he became stateless, it occurred to him that the currency he used shouldn’t have had national origin as well. Roberts has funded his debit MasterCard with bitcoin and told RT about the opportunities it gave him.

“I live in Asuncion, Paraguay, and so far I’ve found one location, a very nice restaurant where I can use bitcoin to pay for my meal and I enjoy that opportunity,” he said “Now, when I received a MasterCard I can fund with bitcoin, I am able to use bitcoin for almost all of my daily expenses. I hope in future it has a positive impact on the lives of stateless people.”

Roberts is concerned governments can take charge over all spheres of human life making it difficult to live beyond certain parameters including economic activities and civil liberties. He sees the lack of government regulation as the main advantage of bitcoin.

Bitcoin is a form of decentralized digital currency which is beyond the control of money institutions. It’s created and held electronically.

The cryptocurrency has caused controversy. Bitcoin has been linked to a number of scandals and its value is highly volatile. However, the idea of an easy, anonymous, virtual currency with low commission is something many businesses hope to bring to life soon.

WATCH BITCOIN INDEX HERE

READ MORE: Bitcoin ‘cheaper and safer’ alternative to fiat money

The biggest fear is that the bitcoin payment network could often be used for criminal activity. Thus, the Russian Central Bank warns against using cryptocurrencies, as they could be involved in illegal activities.

READ MORE: ‘First foray into bitcoin’: eBay's PayPal unit to start accepting virtual currency
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• 3 comments
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DoAskDoTell
0

• Bet this would be a perfect world for a off-shored tru$t-fund "nomad", no? ;D
• about 2 hours agoReply
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Fred Sleepwalker
+3

• Banks are spreading fear that crypto currencies can be used for criminal intents but the real reason is that they do not control them and that is why they have to make up stories to drive people away. Banks are involved in far more criminal activity using the dollar than crypto currencies are used for. I personally dislike the volatility of crypto currency. Traders shutting down because of hacking, people losing alot of money that way and that the value can drop by 50 % in a day, which does not matter, if you are in it from the start but matters if you just bought that currency.
• about 2 hours agoReply
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JerryBear
+3

• Nice story. Although bitcoin is not a form of de-centralised currency - IT IS de-centralised currency. As for criminal activity, fiat currency is and always has been a vehicle for illegal activity, the bulk of which is regularly committed by the banks themselves. Then again non bank crime would probably be easier to counter with bitcoin's blockchain, a ledger detailing every transaction of each bitcoin - you can't say that about fiat cash. My biggest criticism of Russia, is that it has banned bitcoin from legal use in Russia.
• about 3 hours agoReply
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Stateless man hopes bitcoin will help all people without citizenship

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