Do Humans Have a Fundamental Right to Freely Transact Financially? Crypto Lawyer Twitter Poll
Cryptocurrencies have been created in order for individuals to stop depending on third-party intervention to move funds from one place to another. Nowadays, individuals depend on financial institutions and governments to process transactions. This is why the recognized crypto-related lawyer Stephen Palley asked on Twitter whether the freedom to transact financially is a fundamental human right.
Do Humans Have An Inherent Right To Process Transactions?
In a recent Twitter Poll, Stephen Palley asked his followers whether the freedom to transact financially is a fundamental human right. 86% of the 1,715 respondents said that it is a human right the freedom to make transactions.
Is the freedom to transact financially a fundamental human right?
— Palley (@stephendpalley) March 16, 2019
In another tweet, he said hat a belief in fundamental rights is religious in nature. Palley explained that this assumes a moral order external to human judgment or reason.
Virtual currencies were created for users to be able to freely transact the funds they wanted with another person or company without depending on a third party authority that decides whether the transaction can be processed or not. Indeed, cryptocurrencies provide users with the freedom to move their funds as pleased without regulatory agencies or governments noticing it.
There are also some digital assets that have incorporated privacy solutions to make it even more private for individuals to send and receive funds without being detected.
This shows that people are very interested in having a currency that allows them to move funds without having to be reliant on a third party authority such as a central bank or financial institution.