Do Hong Kong protesters use Btc for anything? - page 2.

ChrisPop

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Not your Keys, Not your Bitcoins

You might think that the asian people are more inclined to use the new technology, just because their cities are the most technologized and we all know that a lot of hackers and good programmers are asian. It seems like they have an affinity for tech, idk.. But I am yet to see an official statistic about this.

HK is big business hub and I'm sure there are many people out there who do use & love Bitcoin. However I don't see the relevancy. For sure we need as much adoption as we can get, but HK is not big enough to make a major impact unless an investor with really deep pockets decides to make a considerable investment into BTC. Wink

dothebeats

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No known or recorded statistic for such, although of course we won't know for certain knowing that there aren't really someone who's going to track all of the ins and outs of bitcoin in the oppressed Hong Kong region. The situation over there is chaotic and messy, that normal day-to-day life is hard to accomplish and going to your local store would be hard given that protests are all over Central and other major urban parts. Most likely, Hong Kong citizens are sticking to their credit/debit cards and online wallets for purchases and are just staying at home for the most part of the day, and while it seems the bitcoin would fit perfectly to their ordeals, there doesn't seem to be any genuine need for that atm.

Artemis3

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CLEAN non GPL infringing code made in Rust lang

Quote from: mk4 on November 14, 2019, 11:39:26 AM

Honestly haven't seem news like Hong Kong-ers dumping their Hong Kong Dollars for bitcoin or something like that, and I don't see any "help HK protests by donating bitcoin" articles either. The help they're asking is mostly by signing petitions and such.

With that said, I can see bitcoin being really helpful if certain Hong Kong citizens are wanting to leave the country. They can temporarily buy bitcoin, and convert it back to the local currency of the country they're moving to.

The HKD is probably too good a coin for them to bother, but your comment is the best. If you have a family fortune, rather than bother with banks, move it all to bitcoin while keeping the spare minimum for the trip, and at destination only exchange what you really need for daily expenses.

Leaving is the wisest option, the central government isn't going to back out, protesters have no chance in China, just see the rest of the country*, this is where HK is headed and they can't stop it.

* Except in Taiwan, because there are Americans in the way.

mk4

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📟 t3rminal.xyz

Honestly haven't seem news like Hong Kong-ers dumping their Hong Kong Dollars for bitcoin or something like that, and I don't see any "help HK protests by donating bitcoin" articles either. The help they're asking is mostly by signing petitions[1] and such.

With that said, I can see bitcoin being really helpful if certain Hong Kong citizens are wanting to leave the country. They can temporarily buy bitcoin, and convert it back to the local currency of the country they're moving to.

[1] https://www.reddit.com/r/HongKong/comments/cv0ws4/how_can_you_help_hong_kong_protests_from_abroad/

blckhawk

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Quote from: thirdprize on November 14, 2019, 10:25:17 AM

They seem quite a tech literate bunch, so I thought they might?

China is known for one of the leading countries in the digital world. Just the sheer amount of electronics in their marketplace speaks for their dominance. Back to your question, they might use it to fund their protest, collect donations and payments from various sources though BTC to preserve anonimity and not be blocked by central banks before the fund even gets to them. Then they could contact suppliers of what items they need, transact through BTC and have their items delivered.

YuginKadoya

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This could help if they do? we don't even know if they do, but if they do I think we all have the same reasons on holding it, and we can surely say that we all have different things we want to use it from I don't want to judge the protesters in Hong Kong but we all have different beliefs and they sure have the right in getting and earning Bitcoin as they have the right in protesting what they believe in.

thirdprize

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They seem quite a tech literate bunch, so I thought they might?

Topic: Do Hong Kong protesters use Btc for anything? - page 2. (Read 313 times)