{"id":6593,"date":"2022-10-13T19:27:43","date_gmt":"2022-10-13T19:27:43","guid":{"rendered":"http:\/\/ci02adb21ca00024dd"},"modified":"2022-10-13T19:27:43","modified_gmt":"2022-10-13T19:27:43","slug":"bitcoin-is-ultimate-freedom-nigel-farage","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/industry-events\/bitcoin-is-ultimate-freedom-nigel-farage","title":{"rendered":"Bitcoin Is The Ultimate Freedom, Says Former EU MP Nigel Farage"},"content":{"rendered":"
<\/div>

Any new idea automatically faces the opposition of the establishment, said former Member of the European Parliament, Nigel Farage, on a panel<\/a> at Bitcoin Amsterdam on Thursday.<\/p>\n

That argument served as the introduction to Farage\u2019s point throughout the conversation, as he drew parallels between Bitcoin and his experience pushing the then-unpopular idea of Brexit, the exit of the U.K. from the European Union.<\/p>\n

\u200b\u200b\u201cI led a political insurgency, I took on the establishment,\u201d Farage recounted. \u201cWhat I think is happening with Bitcoin is we\u2019re seeing a similar type of insurgency, an economic insurgency that is being driven and led by people who are worried about the sheer size and scale of big government.\u201d<\/p>\n

The subject was ignited by fellow panelist and \u201cWhat Bitcoin Did\u201d podcast host Peter McCormack\u2019s initial question. \u201cWhat are you doing at a Bitcoin conference?\u201d<\/p>\n

Farage concluded that because of the links between his past experience and the Bitcoin movement today, it was \u201ca perfect and natural place to be.\u201d<\/p>\n

The politician expanded on his argument, detailing more of his views of the establishment and why it can be difficult to challenge it. Those who are part of and maintain the establishment, he argued, \u201cown and set the status quo, they are very comfortable\u2026 and they don\u2019t want anything to come along and disrupt.\u201d<\/p>\n

\u201cAnd I think Bitcoin is seeing that.\u201d<\/p>\n

The parallels between Farage\u2019s past leading the Brexit movement and the present reality of the burgeoning technology kept being expanded upon as he began to discuss liberties and freedom. Farage commented on the EU Commission and its relationship with lawmakers, claiming that the fact that bureaucrats are the ones steering the ship doesn\u2019t paint a pretty picture for the EU in his mind. <\/p>\n

\u201cI believe in freedom, I believe in liberty, and I believe the nation-state represents the best way to do it at the moment,\u201d Farage said. \u201cI\u2019m absolutely proud of campaigning for Brexit, achieving Brexit, and I believe it is the first brick out of the globalist EU world.\u201d<\/p>\n

Similarly, Farage believes that bitcoin can help individuals take back control of their finances and ultimately their lives.<\/p>\n

\u201cGovernments cannot come near [Bitcoin],\u201d he reasoned. \u201cThey cannot tell me what I can and cannot do with bitcoin and, in that sense, it is the ultimate freedom, it is the ultimate liberty.\u201d<\/p>\n

Another reason Farage believes in Bitcoin is because \u201cthe technology has been proved to work, and it\u2019s getting better.\u201d<\/p>\n

In order for Bitcoin to reach its full potential, Farage argued, citizens should encourage lawmakers to properly understand the technology and its implications so they can craft appropriate legislation.<\/p>\n

\u201cIf we work cleverly, with lawmakers\u2026there\u2019s a good chance in America, the U.K. and perhaps South America too, that we can actually get a sensible level of regulation.\u201d<\/p>\n

The challenge, Farage explained, keeps being education as he recounted when he was young and saw lawmakers voting on pieces of legislation on subjects they weren\u2019t well informed about.<\/p>\n

\u201cThe level of knowledge of those who will be regulating [Bitcoin] is very, very low. Lawmakers need some real education, and that\u2019s not an easy thing to do,\u201d he said.<\/p>\n

The lack of proper understanding is probably what leads so many world leaders to consider CBDCs, which he said is one of his main fears. \u201c[They] will take away our economic freedom.\u201d<\/p>\n

But don\u2019t feel discouraged, Farage said, referring to Mahatma Gandhi\u2019s famous saying that \u201cfirst they laugh at you, then they fight you, and then you win.\u201d<\/p>\n

\u201cYou know you\u2019re winning when they really start getting nasty,\u201d he said.<\/p>\n

Disclaimer: Bitcoin Magazine is owned and operated by BTC Inc, the organizer of Bitcoin Amsterdam.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The former Member of the European Parliament drew parallels between leading a \u201cpolitical insurgency\u201d with Brexit and the opposition Bitcoin experiences today.<\/p>\n","protected":false},"author":2572,"featured_media":6594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[92,1929,1434,582,93,1928,255],"class_list":{"0":"post-6593","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-industry-events","8":"tag-bitcoin-amsterdam","9":"tag-brexit","10":"tag-eu","11":"tag-freedom","12":"tag-news","13":"tag-nigel-farage","14":"tag-uk"},"author_data":{"id":2572,"name":"Namcios","nicename":"namcios","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pfp-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/img_3543-scaled.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/6593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2572"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=6593"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/6593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/6594"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=6593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=6593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=6593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}