Recently we have seen how a newly imposed dictatorial regime, such as the one in Afghanistan, has the priority to shut down banking services. In fact, transfers, access to current accounts and ATMs were prohibited, weighing on those who had some savings on their part. The choice was made mainly to prevent people from leaving the country but it negatively impacted all workers. When it is no longer possible to access banking services, you can only count on the cash you already have, because on the one hand it is not possible to withdraw it, on the other hand the shopkeeper cannot accept electronic transactions.
When I realized what it means not to have access to your savings, I wondered what I can do to avoid being in that situation. Furthermore, I also wondered what it would take me to ensure I survive in that extreme case.
Plan B ≠ B Plan
"Plan B" commonly indicates an emergency contraceptive drug. Today, however, I don't want to talk about contraceptives but about a possible escape route. The reality with which we must deal, in fact, is that today an alternative plan is needed. With this term I would therefore like to indicate a solution that gives a guarantee of having funds (which can be spent if there was a need). Let us therefore suppose that the condition arises that one or more persons are denied access to their bank savings. There are not many causes for this to happen and they occur with low probability. It is therefore hoped that we will never need to resort to such strategies, but if they were to be useful it is good to have them already prepared in advance. In these situations, in fact, a form of money unrelated to banks, uncensored and decentralized, would be needed, so that no one can ever prohibit its circulation. This coin should also be easily storable and exchangeable, to make it easier for those in a state of emergency. Does something similar already exist?
B fixes this
The answer to the question above is YES: Bitcoin has existed since 2009. The characteristics sought are all present in this asset: decentralized, incensurable and easy to use. To protect yourself from difficult situations such as those described above, just hold them in a wallet. Subsequently, it is possible to access that wallet anywhere, having a connection to the network, simply by recomposing the 24 words of your private key. This would allow anyone to receive and send payments, without asking permission from higher bodies or without going through third parties.
My final words
Fortunately, in 2021 we can choose not to remain in the dystopian world of George Orwell (1984): we have the possibility to be free. This is why Bitcoin was born, to restore the right to be free. This article does not want to be a financial advice aimed at buying BTC but an invitation to study and information. This technology is here to stay, so it's good to get to know it.
Don't be caught unprepared and DYOR (= Do Your Own Researches)!
Read also: My CeFi experience #2: Celsius Network
Top 3 Best Ways to Earn Bitcoin Passive Income
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