How decentralized crowdfunding is becoming essential in emergencies | The Great Disruption Ep. 11
In February 2020, Canadian banks froze assets of truckers protesting against vaccine mandates called Freedom Convoy. This is known as financial censorship and it can happen to anyone.
Can decentralized crowdfunding combat financial censorship? Find out in this Forkast video explainer.
What you’ll learn:
- How financial censorship highlights the downsides of centralized crowdfunding.
- How Freedom Convoy raised US$1 million in Bitcoin through decentralized crowdfunding.
- Why decentralized crowdfunding is a remedy to financial censorship.
- How decentralized crowdfunding platforms replace central custodians with smart contracts.