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.
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 was thinking of the same thing. Just as I started reading about the things going on in Afghanistan a thought came into my mind.
What if the Taiwan people who know control the government of Afghanistan declare their tradition fiat currency as illegal.
Everybody who holds that currency will basically have zero money. I explained this thing to my brother and said him that this why it is absolutely necessary to hold some possession in bitcoin.
He understood my point.
The thought of your life savings turning into zero overnight is very thrilling and this is why it is necessary that a globally accepted currency not controlled by the government should exist.
Bitcoin is the way ahead for many such problems.