In the midst of a humanitarian crisis, the need for Bitcoin in Afghanistan becomes more evident.
The withdrawal of American troops from Afghanistan has not only generated political turmoil, it has also revealed the problems of a centralized banking system and Bitcoin is security against the Taliban.
For those who live under a rock in recent weeks, the Biden government has announced the withdrawal of US troops from Afghanistan.
As a result of the withdrawal of US troops, the Taliban terrorist group seized 26 of the 34 provincial capitals, forced the Afghan president into exile and the country’s banking system collapsed in less than 7 days.
Twitter reports claim that most bank branches have closed and people are unable to withdraw their funds.
In addition to killing opponents and confiscating their property, the terrorist group forces all women working in banks to leave their jobs, in accordance with Sharia law issued by the Taliban.
“It’s really weird not being able to work, but now that’s it.”
Noor Khatera, a 43-year-old woman who worked in the accounts department at Bank Azizi, told Reuters.
Bitcoin is security against the Taliban
The crisis hits the poorest who were unable to transfer their resources and wealth before the takeover of the terrorist group, as journalist Sucheta Dalal notes:
“Heart touching !! All privileged people left long ago with their funds transferred. ”
“How much family wealth is being confiscated in Afghanistan right now? Imagine if people rushing out could leave the country with the money energy of their lives stored in their heads. Bitcoin is hope. Bitcoin is economics. Bitcoin is not force projection. ”, commented bitcoiner GregZaj.
Bitcoin lets you store your fund access keys in words, literally in your head. The network is decentralized and also allows the reception / sending of assets via satellite and radio transmissions.
$7 trillion in 2 decades
It is not just the citizens of Afghanistan who are footing the bill for a misguided and retreating war.
The US government has spent $7 trillion of taxpayers to maintain a fruitless invasion of the Middle East country. Money that the government itself did not have, therefore, it needed to borrow.
“Our government stole trillions in value from us to fund a war that did nothing but bring death and destruction to millions. Bitcoin can’t come fast enough,” said Jimmy Song, developer of Bitcoin Core.
The state shows once again that it cannot take care of the people’s money, traditional banking systems are fragile in a world influenced by extremists from all sides.