Bitfinex, one of the largest cutting-edge digital token trading platforms, announced the Bitfinex Freedom Manifesto at the Adopting Bitcoin conference in El Salvador.
Bitfinex outlined its vision at the conference: a new era of self-sovereignty is coming, enabled through the use of peer-to-peer solutions and decentralized ledger technologies.
Bitfinex’s Freedom Manifesto has an important purpose: to promote individual freedom through technology. Indeed, Bitfinex believes that freedom begins with financial freedom and then extends to freedom of speech and privacy.
All of this, according to the exchange, can be enabled through cryptographic systems, distributed systems, and open-source software.
Bitfinex’s Freedom Manifesto and being free by using Bitcoin
Unveiled at the Adopting Bitcoin conference in El Salvador, the Bitfinex Freedom Manifesto draws inspiration from the cypherpunk movement and leading figures such as Phil Zimmerman, Jim Bell, and Eric Hughes. Moreover, as already anticipated, it provides a model for individual self-sovereignty.
In fact, El Salvador, which adopted Bitcoin as legal tender in 2021, was chosen as a natural place to present the Freedom Manifesto to the public.
Technologies such as Lightning Network, a peer-to-peer payment technology that solves the scalability and cost problems of using Bitcoin as a means of payment, and Keet, a fully encrypted video calling and chat application, show the potential of peer-to-peer for technologies to disrupt centralized systems of control and surveillance.
Bitfinex believes that financial freedom is made possible through the use of Bitcoin as a means of providing access to financial services, particularly for the unbanked, meaning those who do not have bank accounts.
Whereas Keet offers freedom of speech, enabling free and private interactions that are not routed through centralized servers. Bitfinex is committed to building on distributed systems technology to provide more tools that can offer freedom.
Paolo Ardoino, CTO of Bitfinex, said in the official press release:
“We know that someone has to write software to defend freedom, and we will write it. As a technology fierce in the most contradictory conditions of the open public Internet, Bitcoin shows the potential of cryptography and peer-to-peer networks to increase freedom. We believe that privacy is a sacrosanct basic human right and that freedom of speech and financial freedom are an essential cornerstone to ensure individual sovereignty. We also believe that Bitcoin as a peer-to-peer network is the best way to provide global financial inclusion.”
In a world where there is increasing talk of freedom, privacy, and inclusion in every respect, Bitfinex’s intentions are relevant and forward-looking, as blockchain technology could truly be the first gateway to a freer and more informed consciousness.
Digital tools: enablers of freedom or means of control?
Confronted with any kind of invention, such as the latest digital technologies, the problem that arises is never of the tool itself, but of man’s use of that tool.
Bitfinex emphasizes this by specifying that while we possess the tools to enable individual human freedom as never before, if we allow it, those same tools could be used against humanity as the ultimate means of control.
Bitfinex believes it is critical that this never happens. This is why the Freedom Manifesto exists, which specifically commits to three points. First, create open, peer-to-peer communication solutions to enable anyone, anywhere to interact and transact freely online.
Next, work tirelessly to support Lightning Network and similar technologies and help make Bitcoin the most accessible and efficient transaction solution. Finally, Bitfinex will commit to supporting and investing in the Bitcoin community, including developers and white hat hackers, to ensure the strength, resilience and immutability of the Bitcoin network.
Bitfinex also invites all other like-minded partners to join the platform to accelerate the transition to a more open and fairer world.
A few more details about Bitfinex
The Bitfinex trading platform was founded in 2012, offering state-of-the-art digital token trading and services for global traders and liquidity providers. In addition, Bitfinex provides charting tools and access to peer-to-peer financing.
That’s not the end of the story, because Bitfinex also provides an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing support, tools, and unprecedented innovation for experienced traders and liquidity providers around the world.
Bitfinex offers users the ability to easily trade a variety of popular coins, including Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, and many other digital assets with minimal slippage.
Moreover, in order to provide the freedom and privacy that according to Bitfinex no one should do without, the platform is also committed to the security of users’ information and funds as its first priority.