Join The Protests Against Corruption With Cryptocurrency

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(Edited)

I read a great post from forbest with provocative title

https://www.forbes.com/sites/tatianakoffman/2020/06/13/why-bitcoin-is-a-silent-protest-against-corrupt-governments-everywhere/#25b6360d3542

pic https://bengkulu.antaranews.com/berita/80106/demo-smk-ricuh-anies-anak-anak-jangan-melanggar-hukum

Since the creation of bitcoin, there are many countries that ban the use of bitcoin for trasaction. However, bitcoin holders have other ways to make transaction with their bitcoin assets. That is the uniqness of bitcoin.

Naval Ravikant, founder of Angelist once tweeted: "Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme."
https://www.forbes.com/sites/tatianakoffman/2020/06/13/why-bitcoin-is-a-silent-protest-against-corrupt-governments-everywhere/#25b6360d3542

I agree with Naval statement. Bitcoin is a representative of many cryptocurrencies. By holding and using cryptocurrencies , crypto holders have chance to enter the source of economy in the world. There are more opportunites that are open. One can purchase rare products from around the world. There are thousands economic circles of cryptoccurency that harvest from the cryptoeconomy like miners, developers, traders, and investors. There are many cryoptocurrency users are unbanked people. They can expose to international economy with cryptocurrency. In this case, banks have left behind the cryptocurrency.

SILENT PROTEST AGAINST CORRUPT AND TYRANT GOVERNMENTS

One anti-authoritarian community stood up in solidarity and tweeted: “Bitcoin is a peaceful protest.”
https://www.forbes.com/sites/tatianakoffman/2020/06/13/why-bitcoin-is-a-silent-protest-against-corrupt-governments-everywhere/#25b6360d3542

Bitcoin is peacful protest but effective. Can you imagine if 50 % of banks accounts draw their money and save their asset in bitcoin and cryptocurrency. I think it will make rush money for banking industries. Will the governments bail out in this case? The act of governments to bail out will only make deprivation of budgeting in financial department.

A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as people suddenly try to convert their threatened deposits into cash or try to get out of their domestic banking system altogether. A systemic banking crisis is one where all or almost all of the banking capital in a country is wiped out.[2] The resulting chain of bankruptcies can cause a long economic recession as domestic businesses and consumers are starved of capital as the domestic banking system shuts down.
https://en.wikipedia.org/wiki/Bank_run

Cryptocurrency users can force corrupt government to halt their tyrant by making banks run. The first thing is that more people should be familiar with cryptocurrency how to create , secure wallet, make transaction witdrawal in fiat and many things related to cryptocurrency investments and knowledge. The more citizens in a country that hold cryptocurrency the stroger protests will be. The first thing that the protesters do is to withdraw money from bank accounts halt saving in banks. That's it and see the banks run. There will be panic from non crypto holders to withdraw the money. When the country suffer from economic crisis due to banks run, it is time for protesters to show off. Ask the government to giver better service to citizens, stop curruption and tyrant. There should be an organizers who act as leaders in the protest.

WILL DECENTRALIZED COMMUNITY REIGN AND CONTROL THE POLICY MAKERS

This is a crypto time where decentralized community have more freedom. The bigger the community the more control will the community have over the policy makers. Peacefull and sylent protests will be more effective than bloody protests againts tyrnat and curropt government.



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