Post
Topic
Board Bitcoin Discussion
Re: Hong Kong Police Freeze $10M Fund for Protesters - Bitcoin Becomes Attractive
by
jtraverso
on 26/12/2019, 23:45:43 UTC
The Hong Kong Police, working with China, has frozen a major fund that was intended for arrested and injured protestors. The case for financial freedom with Bitcoin has never been more clear.

Bitcoin’s popularity always seems to spike when people’s wallets are directly affected. Throughout 2019, we’ve seen multiple fears of bank runs and ATMs running out of cash during crises. In October, BeInCrypto reported that Chilean ATMs were reportedly locked during a state of emergency. That same month, Bitcoin trading volume ballooned as Hong Kong residents found themselves locked out of ATMs.


Source link here

Now that their funds were locked out, I think it's time for them to take Bitcoin seriously.

Storing them in banks is such a bad idea, especially if they are using it for protests. If they could have stored it in Bitcoin, the police and government cannot stop them as they do not own or control the blockchain technology.

Bitcoin took out the third party or intermediary in peer-to-peer transactions, and this is what Hongkong protesters should need if they want to keep their funds safe from being frozen.

This is Bitcoin's time now. We're not just focusing on the price itself, but how can it be used without the risk of having our funds frozen.

Bitcoin is an independent fund. Sometimes the government uses its power to deprive people of freedom and values. Bitcoin is protected from government exposure and in difficult times this asset could help people a lot.