Topic: Bitcoin for Afghanistan and Taiwan (Read 472 times)
I beg your pardon, what is the difference between Bitcoin for Afghanistan and others?
Bitcoin is not yet fully payment system like fiat. Bitcoin is high volatile and common people of Afghanistan would not like it. Well devolped countries should choose bitcoin for payments purpose than off course some small countries will also adopt it.
The thing with volatility of BTC is, that many other currencies are also highly volatile.
After the ~20.000$ ATH in Dec. 2017, I remember comparing the falling price to the (at the time) rapidly devaluating Turkish Lira, and unsurprisingly, Turkish people wouldn't have lost anything if they held BTC instead of TRY (I think they were even gaining) since the two currencies were falling at a similar rate and TRY was crashing even a little harder.
Another example is that central american states often have massive inflation on their local currencies, so they resort to USD or BTC.
Also, the volatility isn't really an issue if you get paid monthly in BTC and use it to pay for expenses, since you roughly "sell" (by buying stuff) at the same time at which you "bought" (got your paycheck). Some months you may even profit off the volatility, e.g. during bull run - get paid on 1st of month and stuff you buy at end of month will be highly discounted for you, basically. Some months you might take a little loss instead if e.g. you got paid on a "price spike" day and the value of the BTC you earned subsequentially falls. But it should even out in the long term really.
You know that iPhone can now scan your phone for your ''safety'' and I think that most smartphones have backdoors that governments can hack even without your permission, there are even laws forcing you to tell them your password, and that is crazy!
Similar thing can be said for hardware wallets, but miltisig fixes this and you can just bring seed words with you, maybe even in binary form like this on metal or paper:
https://github.com/jakob6102/seedcard
Similar thing can be said for hardware wallets, but miltisig fixes this and you can just bring seed words with you, maybe even in binary form like this on metal or paper:
https://github.com/jakob6102/seedcard
If that happens, I will choose to put Bitcoin on a well-known exchange, because I only need to remember the account number and password. Then delete all files on the phone. Finally, after I have stabilized, I will transfer the bitcoins to my cold wallet.
I'm not sure, but maybe this isn't the case for BTC usage, since Afghanistan is actually a country with a mid-range economy and knowledge about this new technology isn't available as many people wake up and grasp it. Moreover, the fact that the last few days I watched the news, I really didn't know if it was right or wrong because I just saw more hungry people in life. But the other case about IRAN and USA, I think that's what we're talking about.
I think Taiwan will be like Iran and Afghanistan will be like Zimbabwe.
We see that in these incoming days if that will happen or it just another hype for a while then will normalize after these two countries where crypto adoptions are more likely to be embraced by people who fear in losing their money.
Investment or form of payment transactions, better to see the after effect of bitcoin.
There is nothing hype about these discussions,,, you have completely missed the point where we are not talking about investors or speculators but people running away from their countries or people trying to protect their wealth and transport it with them while they are looking for refuge across other nations.
Pay attention man.
Given the events in Afghanistan over the last week, it is a great example of where bitcoin could have been of great use to the people of the country. The currency, the Afghani, fell to record lows. Anyone who owned bitcoin was protected and could escape the country with their assets, not worrying about capital controls or confiscation at the border.
but the problem here is that how many Afghans knows bitcoin or ? or even believe on this , surely small faction only.but this is a best example on how we must treat this currency so the next time happens there are many resources to use when need to leave the country.
Quote
Given that China sees how weak the current US administration is, Taiwanese should beware and should have escape plans in place: assets offshore in the US, EU, Switzerland etc and some large percentage in bitcoin. The people of Hong Kong had an opportunity to do so, and probably still have a slight window, but right now Taiwan is in a place where the people should be concerned about the communists at their door.
I don't think that there are similar problem Taiwan and Afghanistan has , because afghans has this problem even before they are born when taiwan is just facing their earlir.I do hope for the best for the people that's now in Afghanistan, since probably the tough days are far from over for them
Quote
"In Nauburg, the capital of Badghis Province, the Taliban have sent new traffic police. Unlike other countries, the traffic police in Afghanistan are fully armed."
When I saw this news and picture, I thought that such a government is casual, and it also carries firearms, which reflects the management capabilities and governance methods of this government from one side. This is a government that people do not trust. I also worry about the safety of ordinary people. When a country experiences war and turmoil, the safety of life and property, I think the former is more important. So Bitcoin is more suitable for a safe and stable country, and Afghanistan may give other countries hints and guidance. Bitcoin can realize property hedging.
Given the events in Afghanistan over the last week, it is a great example of where bitcoin could have been of great use to the people of the country. The currency, the Afghani, fell to record lows. Anyone who owned bitcoin was protected and could escape the country with their assets, not worrying about capital controls or confiscation at the border.
People can't even escape from that sharia hell easily. Bitcoin would be the last thing they would think about. Things are going really bad in Afghanistan, thousands of people already came to Turkey and many more refugees to come, if they can escape. I'm pretty sure %99 of them don't even use computer, let alone how Bitcoin works and how to save a wallet. Don't forget to consider geographical conditions when looking at things from a different perspective.
I understand your point but it's a wishful thinking. Even boomers in USA or other civilized countries can't understand and use Bitcoin, don't expect poor Afghan refugees to know this technology.
How do you expect people with very poor education and computer literacy to start using Bitcoin, when even most of western people who spend a majority of their lives online can't figure Bitcoin? On practice only a very-very small number of people would benefit from Bitcoin in a situation like the one in Afghanistan right now.
Also, the protection against currency fall argument is flawed, because literally any other solid asset would have worked, and even better than Bitcoin because of less risk for downside movement. That's why people in countries with weak currency seek US dollars. As for confiscations, I doubt that the countries that take refugees are going to rob them, and their own government has dissolved, and most people who are fleeing the country aren't going to deal with Taliban-controlled borders, because it would be a death sentence to them. So in this situation the "anti-confiscation" property is not that great. Especially if you consider that many of these refugees have like a couple hundreds of dollars at best.
Also, the protection against currency fall argument is flawed, because literally any other solid asset would have worked, and even better than Bitcoin because of less risk for downside movement. That's why people in countries with weak currency seek US dollars. As for confiscations, I doubt that the countries that take refugees are going to rob them, and their own government has dissolved, and most people who are fleeing the country aren't going to deal with Taliban-controlled borders, because it would be a death sentence to them. So in this situation the "anti-confiscation" property is not that great. Especially if you consider that many of these refugees have like a couple hundreds of dollars at best.
The two countries mentioned here, although poor, have supported Bitcoin. Because all the countries that legalize Bitcoin are very good. Because Afghanistan is a more developed country than our country and Taiwan is a more developed country.
considering the country of Afghanistan which is being hit by a prolonged conflict in my opinion this is very appropriate to help the Afghan people who lost a lot of their homes due to the war, with the help in the form of bitcoin at least they can rebuild their homes that have been lost due to a conflict, this is very appropriate done to help those affected by the war
But who will do the initiatives to rebuilding their country, as they are ruled by Taliban already? Will Taliban accept crypto for the sake of their countrymen or will just put it on their pockets? Helping them is a good thinking but how can the donation be really given to the needy? I believe, that will be the dilemma for those countries who want to help some Afghani people.
now we know that many people there have lost their homes as a result of the conflict that hit their country, today bitcoin has an impact on those who really need it, especially housing and we hope this will really be realized, with this then it would be very good for those countries to accept donations especially from the crypto world
That's if they are able to get the money through bitcoin, pretty sure that Taliban will be having problems regarding the money. Taiwan on the other hand doesn't need bitcoin, they're economically great and what they need is more advantage that they can use against China and bitcoin isn't one of them. 
bitcoin for afghanistan and taiwan, if we think of bitcoin for afghanistan it can be said to be a good idea, but for now we should not focus on all that just yet, first we have to think about the fate of afghanistan people who seek refuge, because if they have a good place to live , then we think about how to get bitcoin for afghanistan..
With the Taliban taking control of Afghanistan, it is possible to increase the price of bitcoin, and if bitcoin supporters in Afghanistan are encouraged to invest in bitcoin, the possibility of a jump in the price of bitcoin could happen faster and faster, but that was my opinion.
It will be like BTC going crazy in IRAN given the military tension between US and IRAN. Their own panic scenario that makes everything valuable or meaningless is only seen as an opportunity to find a chance to survive. It's really bad for the people living in the territory of these countries, pray for them to have peace.
BTC actually did not go crazy in Iran because people already seemed to know about it there for years. It was in Zimbabwe for example,,, where prices of BTC was 2x higher than anywhere else in the world at some points because there, there is so little supply and great demand from people who just found out about it.
I think Taiwan will be like Iran and Afghanistan will be like Zimbabwe.
It will be like BTC going crazy in IRAN given the military tension between US and IRAN. Their own panic scenario that makes everything valuable or meaningless is only seen as an opportunity to find a chance to survive. It's really bad for the people living in the territory of these countries, pray for them to have peace.
Given the events in Afghanistan over the last week, it is a great example of where bitcoin could have been of great use to the people of the country. The currency, the Afghani, fell to record lows. Anyone who owned bitcoin was protected and could escape the country with their assets, not worrying about capital controls or confiscation at the border.
If you're talking about the people of the country who are now left without the international aid which was 80% of the country's GDP and are facing an uncertain future, you might be right that Bitcoin is a good choice for them to keep the people they possess because the banking system isn't well-developed and is currency restricted there, and it's hard to get a hold of an ATM. That being said, I don't think there are options to spend Bitcoin in Afghanistan, so it's only a temporary solution for those who want to keep some wealth they already have, not for day-to-day life. It's only not an option in daily life because many Afghans don't have internet access on their smartphones. 
It's a great store (and transport) of value, yes. But it's also a really useful anti-censorship transmission of money.
Bitcoin as posted above is a perfect store, transport and anti-censorship of wealth,when the Taliban take full control of the country restrictions and limits will be in
place until there is a change, Bitcoin is the wealth safehaven.
Afghanistan's right at the heart of all empires from East, West, Central. And even in the past few decades it's seen upheavals, so yeah, it's going to be hard for anyone anywhere there to rely on fiat, whether it's the local currency or a foreign one like USD that's of course going to be sanctioned against there.
Bitcoin does work, but perhaps not everyone there is able to take advantage. Those who can are already fleeing.
This is an awesome topic as it's something that a group of friends and I were discussing in a Discord chat recently. We were all trying to figure out if there was a way for us to be able to help out the Afghani people, and we came to the conclusion that trying to mail anything in would surely be stolen, and if anyone tried to bring any aid in that they would surely be shot and killed. Bitcoin is the one true way to help aid these people where the Taliban has no control over it.
I agree that Bitcoin should have played a very important role in Afghanistan. Banks are now overflowing with people. Managers, administration staff, employees, and so on are now leaving their jobs from bank branches. Banks are now stopping the release of withdrawals and have failed to deliver a lot of services because of what happened there. The currency itself is unstable even before the Taliban took over because the threat had always been there.
As in the case of Taiwan, it is better to be safe while it is still early. Bitcoin is a safe way to keep one's worth.
As in the case of Taiwan, it is better to be safe while it is still early. Bitcoin is a safe way to keep one's worth.
Jump to: