I wonder how people could face the internet shutdown if they really want to use bitcoin for temporary safehaven because the government will surely taking an action to prevent such thing from happening and to note that the exchanges there might be controlled by the government so the hongkong citizens will be having a hard time cashing out once they need the money except selling it overseas.
China already has the great firewall, all they have to is force Hong Kong into it as well. This will complicate things, but never stop it. The only way to stop it is do it North Korea style, which is basically a nation sized LAN with authorized content manually copied in.
Maybe these new (low orbit) satellite based internet services would also enable circumventing the State censorship, IF you manage to smuggle in AND camouflage the antenna and receiver. China officially forbids stuff above their airspace, who knows what they would do if these become common.
Money can't do much but keep the protests going endlessly. Neither they can liberate HK from the Chinese State, nor the Chinese State can completely end the protests. But time is on their side, the Chinese State side. From experience i know, protests fade when unsuccessful overtime. This struggle was lost the day they went back into China, rather than go independent or maybe join Taiwan, including the American military presence. It is too late now, and they only realize it two decades late.
This situation can only prolong without any resolution, other than more and more oppression by the State.
It was too naive of them openly piling sums of money in the banks. Did they think they had a right to protest? Not in communist China.
