Title: Can Afghanistan replace afghan currency with Bitcoin? Post by: Tybi on September 03, 2021, 12:05:12 AM Bitcoin may gain legitimacy in the country to recover from the economic crisis after the country was occupied by the Taliban. Moreover, the economic source of the Taliban must come from another border country. So for their economic prosperity, the government of the country is more focused on legalizing bitcoin. You can know all the details through the video link below. I hope you will watch the full video and you will find the video source at the link below.
https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl (https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl) Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: TravelMug on September 03, 2021, 12:18:32 AM And why would they do that? doesn't make sense at all.
If they would replace it, are there enough infrastructure in Afghanistan that will help them transact using BTC? First you have internet to be able to used bitcoin around that country, is there is none then it's useless. Besides, do you think oppressive government like Taliban will allow the people to use crypto as way to hide their money and wealth? Or give financial freedom? Nah, don't think so. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Kittygalore on September 03, 2021, 12:22:23 AM @TravelMug is right, it's useless at all and wouldn't the Taliban refuse that from happening right because they at least have some inkling knowledge as to the implications of making bitcoin an official currency. Also, it's not really the right step for them to use bitcoin as a currency since there's not enough to go around.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: dansus021 on September 03, 2021, 12:25:49 AM one or two people will have bitcoin, but like other nation who doesn't allow bitcoin as currency. people gonna hide it.
and since syariah law will gonna use it bitcoin maybe on two side halal and haram Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: OgNasty on September 03, 2021, 01:01:52 AM I believe only around 20% of the population in Afghanistan has access to internet, so that would make it a pretty bad candidate to switch to Bitcoin. The unstable government also seems counter to what we’re currently seeing with Bitcoin adoption in El Salvador. So to answer your question… No.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Ausgewielt on September 03, 2021, 01:13:22 AM I think bitcoin will help them a lot but they should develop their national currency too, create new national currency is also okay. It is good investment for them, when the price rise they can buy more tanks and etc to defend themselves or atleast make other countries think twice to attack them so the citizens can be more comfortable to live in that country. In my opinion, if there are more countries accept bitcoin then it will be good for bitcoin and our community.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: cabron on September 03, 2021, 01:58:58 AM The country is not yet very stable, they are yet not organized to set up the kind of government that will unify them. There is so much tribe in Afghanistan that when the US was there they can't sort out. All things now I guess depend on the Talibans they are now in control of the country. one or two people will have bitcoin, but like other nation who doesn't allow bitcoin as currency. people gonna hide it. and since syariah law will gonna use it bitcoin maybe on two side halal and haram That law also will block users from using Bitcoin. Such an od law that suppresses progress. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: NathanielParker on September 03, 2021, 02:00:31 AM When El Salvador chose to accept Bitcoin as its legal currency, I thought that other countries would follow suit. Even in the fully developed world, it is a very esoteric subject, but for Afghanistan, I think it will not work.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Kiley33 on September 03, 2021, 02:16:15 AM They now first need to develop their own currency. They cannot access the Internet without a mobile phone. Assuming the use of Bitcoin will not be able to be fully popularized.
They are different from El Salvador. The economic support of El Salvador’s own country can be exchanged for Bitcoin, The important thing is to develop the economy. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: DapanasFruit on September 03, 2021, 02:45:55 AM People in Afghanistan can certainly use Bitcoin as a way to protect their wealth but if you are right now inside the country I think that can be so difficult if not downright impossible. Not unless of course, maybe if you have trusted relative or friends abroad that can buy Bitcoin for you. Those who really have the money can probably now out of the country so maybe they can themselves get into Bitcoin but I am guessing that this is farthest on their minds right now...they are after surviving and waiting for the kind of government Taliban will be making. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: ropyu1978 on September 03, 2021, 02:47:50 AM can afghanistan replace afghanistan currency with bitcoin,, according to my prediction, it is very difficult to happen, because of political problems in their country which is unstable, and internet problems are constrained, and in addition only about 30% who understand about bitcoin, and they also still lacking in communicating in English, I think they will find it difficult to follow the steps taken by el salvador, but in the future we don't know what will happen, because if we are sure we can.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Dhoe on September 03, 2021, 02:59:42 AM it can't be denied that over time, bitcoin has become very popular, many of us have adopted bitcoin, there are even countries like el salvador that have legalized bitcoin, and now afghanistan wants to replace the afghanistan currency with bitcoin, if they want to change the currency their money with bitcoin, I think this will be very difficult to happen, but if they legalize bitcoin in their country, and make bitcoin the second currency in their country, I think this can be said okay, but if you immediately want to change their currency with bitcoin, I think it's very difficult to happen.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: cotton ball on September 03, 2021, 03:06:48 AM I'm not sure afghanistan will succeed in replacing their currency with bitcoin, as has been done by el salvador, because the country of afghanistan is not yet stable, and there are not many people who understand bitcoin, but if they legalize bitcoin in their country, I think it could happen, and easy for them to legalize bitcoin..
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Darker45 on September 03, 2021, 03:23:23 AM I cannot see the point why the Taliban will have to legitimize Bitcoin in order to prosper economically. In what way could Bitcoin help the country's economy?
Anyway, before this group occupied Afghanistan recently, they're already very wealthy. In 2018 alone, the group had $1.5 billion in income.[1] And now that they are the ones controlling the country, there is no reason why they cannot increase their wealth even further. The resources of the entire country is now under their control. They are now in control of the country's taxes as well. [1] https://www.bbc.com/news/world-46554097 Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Ozero on September 03, 2021, 04:12:17 AM I cannot see the point why the Taliban will have to legitimize Bitcoin in order to prosper economically. In what way could Bitcoin help the country's economy? For now, the Taliban are just forming their government. In general, we do not yet know what they are going to do and what policy to pursue. Their first promises are at odds with their deeds. Therefore, for now, you just need to observe what the Taliban will do in power and how to behave.Anyway, before this group occupied Afghanistan recently, they're already very wealthy. In 2018 alone, the group had $1.5 billion in income.[1] And now that they are the ones controlling the country, there is no reason why they cannot increase their wealth even further. The resources of the entire country is now under their control. They are now in control of the country's taxes as well. [1] https://www.bbc.com/news/world-46554097 In Afghanistan, within a month, they predict big problems with an acute shortage of cash and money in general, since almost everything that the central bank of this country had is blocked in foreign accounts. In this case, cryptocurrency could mitigate the situation, however, to what extent they and the residents of Afghanistan are able to accept and use cryptocurrency. However, in any case, the economy needs to be raised with its own national currency. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: btc78 on September 03, 2021, 04:32:01 AM Bitcoin may gain legitimacy in the country to recover from the economic crisis after the country was occupied by the Taliban. Moreover, the economic source of the Taliban must come from another border country. So for their economic prosperity, the government of the country is more focused on legalizing bitcoin. You can know all the details through the video link below. I hope you will watch the full video and you will find the video source at the link below. Don't put you self too deep on this matter because though you are in crypto world yet not all the news and videos are worth sharing because most of those are shit videos and news that only covers to gain viewers but the content is shit.https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl (https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl) what would be the benefits of Bitcoin if being adopted by this one of the worst country so far? a country that does not stop having war? do you really believe this is beneficial ? in both crypto and afghans? Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: 20kevin20 on September 03, 2021, 04:40:33 AM I'm pretty convinced the Talibans don't want Afghans to use a currency that enures 100% freedom and potential anonymity (or at least privacy much better than fiat offers if used correctly). If there was a country adopting Bitcoin as a national currency replacement, it would definitely not be Afghanistan at this point in time.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: kidbounty on September 03, 2021, 04:51:52 AM it could happen. and I'm sure they've been familiar with bitcoin for a long time. most of the funds they have may be stored in the form of crypto coins so that they are not easily tracked. and when they are in power, they will surely use it. bitcoin is more profitable than using existing currencies.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: SFR10 on September 03, 2021, 05:07:13 AM @Tybi
Regardless of the current cash shortages and bank closures, BTCitcoin can't replace their own currency [for now], but it could somewhat complement it! - Even if the internet penetration rate was high [it's quite low], I still highly doubt that the Taliban would've allowed its citizens to have that much power over something that they could hardly control. - As it stands, it's only good for those that want to flee the country in the near future. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: cryptomaniac_xxx on September 03, 2021, 08:51:54 AM I think bitcoin will help them a lot but they should develop their national currency too, create new national currency is also okay. It is good investment for them, when the price rise they can buy more tanks and etc to defend themselves or atleast make other countries think twice to attack them so the citizens can be more comfortable to live in that country. In my opinion, if there are more countries accept bitcoin then it will be good for bitcoin and our community. The wealthy and rich Afghanistan have fled the country already because they know that the Taliban regime will be oppressive to anyone. Of course everyone can treat bitcoin as good investments. But for the government in Afghanistan, bitcoin could be prohibited. What do you mean buy tanks? for curse Taliban is well funded inside or outside, so I doubt that they will go into bitcoin. Even the anti-Taliban forces for me would rather used fiat, the US dollar to continue their fight. So No, is the answer to the OP's question. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Hydrogen on September 03, 2021, 09:00:16 AM Quote China, our ‘great neighbour’, will help Afghanistan forge peace: Taliban https://www.scmp.com/week-asia/politics/article/3146941/china-our-great-neighbour-will-help-afghanistan-forge-peace .... The taliban seem interested in forging a future business relationship with china. Which would seem to indicate they will not be opening their doors to crypto/bitcoin support at this time. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Ararbermas on September 03, 2021, 09:37:04 AM Seems impossible mate, because you know Afghanistan is not that good when it comes such technology, and perhaps there's a lot of people who cannot afford to adopt bitcoin if that happens. Indeed the common problem on that place is "internet" and the amount of people who owned good device even smart phone. And there's are some issue in taliban as well that still stopping people when it comes crypto currency.. So it's not possible to happen in my opinion.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: ilovealtcoins on September 03, 2021, 09:39:44 AM If they put Bitcoin in payment that would also be good, but they will lose significant transaction fees from deposit transactions. It is currently best for them to use Bitcoin and their national currency in tandem. Bitcoin currency will help them escape the sanctions of NATO countries and the US. Their national currency can be a CBDC that they develop themselves. A fledgling country should be economically self-sufficient and control its own currency.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: xypos on September 03, 2021, 09:47:00 AM I think that there is real potential there.
Even though the Taliban will certainly never endorse the currency officially, I think that with the broken fiat system there it will be inevitable that people will seek solutions. One of the most obvious solutions right now is clearly bitcoin. They will likely not want to transact with USD given their animosity. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Welsh on September 03, 2021, 09:48:27 AM Also, what I think has been failed to be mentioned so far is I think the Afghanistan people have more to worry about than money right now, and I think this was evidenced by the desperate attempts to leave the country. People left all of their possessions, and some were only carrying either a small suitcase or the clothes on their back. Bitcoin isn't the solution, I think we tend to put too much emphasis on Bitcoin being the solution to everyone's problem, but at the moment Afghanistan as much bigger problems than money, and the currency that it uses.
The way the world works currently is everyone is obsessed with money, but the scenes that we've been shown over the last few weeks in Afghanistan has shown that when it comes to the crunch most people are willing to leave their money, and possessions if it means that they can be safe. Unfortunately, in the West in particular our biggest emphasis is money, and naturally as Bitcoin supporters we think Bitcoin will solve all the problems of the world, which is will not. Bitcoin has specific use cases, and that's to prevent centralised authority over your money, something that I'm sure that the Taliban wouldn't be interested in entertaining, especially when most governments aren't entertaining the idea. Even if internet was accessible over there, which for the vast majority of the country isn't it still isn't practical or even remotely beneficial to use Bitcoin over there. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Ucy on September 03, 2021, 10:41:35 AM Well, I think we are approaching a time when it may be necessary to have very dangerous users (or users with strong tendency to be very dangerous) verify their true identities and be legally monitored by qualified/reputable security agencies within a Group in the Bitcoin Network. To prevent abuse, I think the works of the security agencies within the network should be immutable and well encrypted, but it maybe ok to use private network during really serious cases.
If there is no good/moral plan to prevent the misuse/abuse of Bitcoin by other Nations, then we should not rejoice. We should only rejoice if they are able to use it to save lives and help the needy, with little to no issues to the society and the world. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: zanezane on September 03, 2021, 10:49:34 AM I think that there is real potential there. Can't happen, there's just too many people in Afghanistan for bitcoin to cater even if they use the smallest denominations and even keep on dividing it to smaller units, it would be unfair to other countries in my opinion. Plus, I am sure that not even half of the population probably knows about bitcoin or how to use it.Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Lucius on September 03, 2021, 10:52:11 AM The taliban seem interested in forging a future business relationship with china. Not only with China, but also with Turkey (https://www.bbc.com/news/world-middle-east-58394438), which shows great interest in remaining present in the country, and sources say that during the occupation they created very strong ties with certain parts of the Taliban movement. If we know Turkey's attitude towards Bitcoin, then any question about some kind of integration of that cryptocurrency into Afghanistan is completely meaningless. Despite all these media spins, the Taliban have not changed much in the past 20 years - they are still radical Islamists, and the best proof of this is the hundreds of thousands of people fleeing their version of freedom. Bitcoin is definitely not an option that can come to life there, except as an alternative for a small number of people who have access to the Internet and know that such a thing even exists. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: mindrust on September 03, 2021, 10:58:21 AM Bitcoin may gain legitimacy in the country to recover from the economic crisis after the country was occupied by the Taliban. Moreover, the economic source of the Taliban must come from another border country. So for their economic prosperity, the government of the country is more focused on legalizing bitcoin. You can know all the details through the video link below. I hope you will watch the full video and you will find the video source at the link below. https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl (https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl) Do you think the most corrupt government terrorist in the world would use the most honest currency? I don't think so. Even if they do, they are not going to name the prices of goods in bitcoin. They'll still name it in USD or whatever the fuck their local currency is. Bitcoin will only act as a transmitter and the value of the goods in bitcoin will constantly fluctuate and this is not really an accomplishment. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: davis196 on September 03, 2021, 11:11:18 AM It has been said multiple times before that Bitcoin cannot help for recovering the economy of any country.
Bitcoin is just an asset/currency. Only political and economic decisions made by the government can help for recovering the economy of any country-lowering the taxes,funding infrastructure projects,creating a better environment for doing business. I don't know what the talibans can do in order to recover Afghanistan.Maybe they will try to negotiate some financial help from the western world,in exchange of something else-reducing the production and export of opiate/heroine and fighting terrorist organizations like ISIS. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: vanessacummings on September 03, 2021, 11:19:12 AM @20kevin20 But there’s a huge surge in the number of people adopting cryptocurrency in Afghanistan. In 2020, people in Afghanistan were not even close to the Global Crypto Adoption Index but in this year, there’s rapid growth in these numbers. Even if Talibans don’t let them use crypto, there’s a sense of economic security which is driving people to invest in crypto.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: ultrloa on September 03, 2021, 11:47:03 AM @20kevin20 But there’s a huge surge in the number of people adopting cryptocurrency in Afghanistan. In 2020, people in Afghanistan were not even close to the Global Crypto Adoption Index but in this year, there’s rapid growth in these numbers. Even if Talibans don’t let them use crypto, there’s a sense of economic security which is driving people to invest in crypto. For sure they hide this usage since as you said Taliban doesn't want to be interfered on their actions towards running their economy and law, also they are more stricter compare to the past administration so expect that they will not allow any foreign or digital currency that will over powered their Fiat so maybe we cannot see any changes towards this for bitcoin nor unto this country. But if they became a free country maybe there's a chance for the adoption to happen on that country. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: jseverson on September 03, 2021, 12:12:32 PM Bitcoin would make it (a lot) easier for people to move money out of the country, so while this move does make sense as a hedge vs. their currency's decline (https://www.cnn.com/2021/08/18/business/afghanistan-currency-taliban/index.html), there's no way the Taliban is going to let this happen. Even firms like Western Union that have resumed services there recently has currently stopped outgoing services (https://www.aljazeera.com/economy/2021/9/2/western-union-to-resume-money-transfer-services-to-afghanistan).
For the common people though, sure, as Bitcoin has proven to be resilient despite unstable regimes, but I imagine majority of them have more pressing issues right now. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: hatshepsut93 on September 03, 2021, 12:33:58 PM You can't solve an economic crisis by having your people holding Bitcoin. Economic crisis is when there's no jobs, no opportunities for business, no good ways to make money for the population. Poor people can't live off buying and holding Bitcoin, especially not when they have little to start with. It's completely out of touch with reality to think that Bitcoin can solve an economic crisis.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Slow death on September 03, 2021, 03:14:53 PM are there things you read in this cryptocurrency market that are very strange or a little comical, because a taliba who are just against freedom, are fanatical about religion, don't respect human rights, because they would want bitcoin something decentralized? it doesn't make any sense to those fanatics and terrorists, certain news channels need to stop delusions and even consider the possibility of fanatical terrorists using bitcoin, this is decadence and it seems that certain people in the crypt market are desperate for countries (they even want fanatical and terrorist regimes use bitcoin ) use bitcoin when there are already good democratic governments that use bitcoin or at least allow their citizens to use bitcoin as a means of payment. we don't need terrorists and religious fanatics using bitcoin
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Spack17 on September 03, 2021, 03:20:55 PM I don't know if Afghanistan really need to do such thing. Generally, countries whose economy is really bad start thinking of making Bitcoin legal tender. I don't know their financial condition right now. The terrorist organization Taliban have taken the control of the country from now on. We will need to wait and have some idea about their new policies before making a prediction about this I think.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: qwertyup23 on September 03, 2021, 04:52:49 PM I see no reason for Aghanistan to replace their current currency with Bitcoin. The reason on why countries have a universal 'legal tender' so that they could exchange it for goods and services. If a country has a legal tender that is not accepted from different countries, then that would hamper their trade- thus affecting their economy.
Same concept with BTC as their legal tender. If there are insufficient infrastructures and businesses that accept crypto as payment (BTC to be specific), then changing it it would damage further their economy. Remember that most people are also unaware of BTC's existence so that would be definitely risk in both short and long-term. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: famososMuertos on September 03, 2021, 07:19:10 PM It is difficult not to think about what happens and not want to hope that something of "improvements" of the situation occurs because the true solutions to the conflict require time or very far from reaching.
Subject: No. And it should not be intended to give Bitcoin always the rescue status, remedy... Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: avikz on September 03, 2021, 07:25:24 PM Bitcoin may gain legitimacy in the country to recover from the economic crisis after the country was occupied by the Taliban. Moreover, the economic source of the Taliban must come from another border country. So for their economic prosperity, the government of the country is more focused on legalizing bitcoin. You can know all the details through the video link below. I hope you will watch the full video and you will find the video source at the link below. https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl (https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl) Taliban has already formed the government in Afghanistan. It's shocking but true! So with the Talibani government, I don't see even a slightest chance of bitcoin to become a legal tender there. Talibans can use bitcoin for their own benefit but they wouldn't allow anyone else to do so. They are super regressive in nature and whatever Afghanistan was gaining since last 20 years, are all gone! Now the country has only one fate - hell! Bitcoin belongs to the high tech world and Talibans are primitive monkeys. They will destroy the whole natural assets of Afghanistan in no time and leave their citizens to their own misery! Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Woodie on September 03, 2021, 08:38:37 PM Seeing those queues on television of people actually sleeping outside a bank in hope of getting cash Is really heart breaking because of the serious crisis in that country . As much as we would propose Bitcoin to them I think it's not much of use because cash will still be needed one way of another, tbh what I see happening there is people reverting back to old systems like the barter system as the current money system has failed terribly.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: dothebeats on September 03, 2021, 08:51:23 PM I don't think people in Afghanistan may even access the internet now that the capital and the whole country is controlled by the Taliban. It would be difficult for them to get hold of bitcoins too, considering that most countries bordering them would probably just pretend to be deaf and blind about the country's current situation, and would not dare accommodate any requests from the people of Afghanistan. I don't know what plans the Taliban has for the country, but from an economic standpoint, I don't think they have it covered, or have any working plans on their mind as of this very moment.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: tabas on September 03, 2021, 09:27:40 PM Will the Taliban do that? I don't think so, how they'll get funded with bitcoin? They're now like as a hermit kingdom when the country has been taken over by them.
I think that there is real potential there. I don't think that they'll turn into that solution as much as possible with the current time. They're now the government and I think they'll do something within their powers but without touching the bitcoin market on their country.Even though the Taliban will certainly never endorse the currency officially, I think that with the broken fiat system there it will be inevitable that people will seek solutions. One of the most obvious solutions right now is clearly bitcoin. They will likely not want to transact with USD given their animosity. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Welsh on September 03, 2021, 09:33:17 PM You can't solve an economic crisis by having your people holding Bitcoin. Economic crisis is when there's no jobs, no opportunities for business, no good ways to make money for the population. Poor people can't live off buying and holding Bitcoin, especially not when they have little to start with. It's completely out of touch with reality to think that Bitcoin can solve an economic crisis. And the transaction fees involved with using Bitcoin as a ways of paying for big, and small transactions make it unfeasible for most. Especially, for the people of Afghanistan who already have money in the ways of cash that they don't have to pay fees on. This is probably more than a economic crisis though, the fact that their value of money plummeted was not only because of the recent administration change, but because people there case less about money, and more about looking after themselves, with a lot fearing for their life. The last thing they care about right now is earning money. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: tippytoes on September 03, 2021, 09:39:35 PM @Tybi Regardless of the current cash shortages and bank closures, BTCitcoin can't replace their own currency [for now], but it could somewhat complement it! - Even if the internet penetration rate was high [it's quite low], I still highly doubt that the Taliban would've allowed its citizens to have that much power over something that they could hardly control. - As it stands, it's only good for those that want to flee the country in the near future. I have the same opinion also. If they will replace their afghani with bitcoin, they will have no full control on what's going on. People can even do p2p trading without the government knowing their transactions. And with Taliban government, I believe, they want power and control over their people. So nope, seems far from happening under their regime. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: kawetsriyanto on September 03, 2021, 09:50:50 PM Bitcoin may be one of the currencies that is accepted in that country and Bitcoin may be legal in the country as a currency.
However, it doesn't probably mean to replace the Afgan currency itself. replacing a centralized currency of a country is something that is not easy. It needs long and a complicated process and of course, it may need very deep and important discussion, consideration, and analysis if going to do so. It means that there should be accepted by all parties, they are by the government, the awl and regulation, the banks of the country, the societies, and many more parties related. So, I am not sure that they will replace their currency with Bitcoin, but only accepting Bitcoin as one of the currencies there, except they are experiencing very extreme bad things happen to their financial system and also currency condition, as their currency values zero. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: suzanne5223 on September 03, 2021, 10:08:11 PM First of all. Bitcoin is not the answer to everything and can't solve a country's economic crisis if the country itself is not ready to solve its own crisis. The Taliban are full of surprises and can do what we don't expect, the idea of Afghanistan relying on their crypto holdings as a strategy to solve the economic crisis is nice but not enough to solve the country's problem.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Shasha80 on September 03, 2021, 10:45:07 PM @Tybi I have the same opinion also. If they will replace their afghani with bitcoin, they will have no full control on what's going on. People can even do p2p trading without the government knowing their transactions. And with Taliban government, I believe, they want power and control over their people. So nope, seems far from happening under their regime.Regardless of the current cash shortages and bank closures, BTCitcoin can't replace their own currency [for now], but it could somewhat complement it! - Even if the internet penetration rate was high [it's quite low], I still highly doubt that the Taliban would've allowed its citizens to have that much power over something that they could hardly control. - As it stands, it's only good for those that want to flee the country in the near future. In fact it is not only in Afghanistan that the government will not replace the local currency with Bitcoin. But the majority of countries in the world certainly want to control the finances of their citizens, so it is impossible to let Bitcoin replace their local currency. Especially now that the Afghan government is controlled by the Taliban, with the new regime they will try to control everything. So it is impossible for Bitcoin to replace Afghanistan currency. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: TelolettOm on September 03, 2021, 10:49:23 PM In fact it is not only in Afghanistan that the government will not replace the local currency with Bitcoin. But the majority of countries in the world Truely.certainly want to control the finances of their citizens, so it is impossible to let Bitcoin replace their local currency. Especially now that the Afghan government is controlled by the Taliban, with the new regime they will try to control everything. So it is impossible for Bitcoin to replace Afghanistan currency. I don't think that a country will lose their centralized system to put into cryptocurrency and replace their currency to crypto. It is too risky moroever we know the value of Bitcoin is volatile and it may not be implemented at all in the term of currrency in a country. But, it is enough that Bitcoin and maybe other cryptocurrency can be one of the payment method. It makes sense, but not for rpelacing. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Hamphser on September 03, 2021, 10:59:26 PM Bitcoin may gain legitimacy in the country to recover from the economic crisis after the country was occupied by the Taliban. Moreover, the economic source of the Taliban must come from another border country. So for their economic prosperity, the government of the country is more focused on legalizing bitcoin. You can know all the details through the video link below. I hope you will watch the full video and you will find the video source at the link below. Bitcoin was never intended to replace any fiat currency because if we do really think off sensibly then its impossible for fiat currency of a certain country would be just replaced into something which isnt centralized nor https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl (https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl) even tangible. Not to brag or to be negative about bitcoin but it was never intended for that purpose.Although we can really say that government wouldnt really let these things to happen in the first place. It isnt really just that possible to happen. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: electronicash on September 03, 2021, 11:07:23 PM the country is a mess, they might not be talking about doing anything about their currency right now because there is nothing more important than the order in their community. Bitcoin might just be the last thing in their minds than having food for brunch.
but if they have to consider replacing their currency, they will probably prefer CBDC of their own. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Shasha80 on September 04, 2021, 05:40:04 AM In fact it is not only in Afghanistan that the government will not replace the local currency with Bitcoin. But the majority of countries in the world Truely.certainly want to control the finances of their citizens, so it is impossible to let Bitcoin replace their local currency. Especially now that the Afghan government is controlled by the Taliban, with the new regime they will try to control everything. So it is impossible for Bitcoin to replace Afghanistan currency. I don't think that a country will lose their centralized system to put into cryptocurrency and replace their currency to crypto. It is too risky moroever we know the value of Bitcoin is volatile and it may not be implemented at all in the term of currrency in a country. But, it is enough that Bitcoin and maybe other cryptocurrency can be one of the payment method. It makes sense, but not for rpelacing. Therefore some countries that do accept Bitcoin, do not allow Bitcoin to be used as payment. Because the government is worried that Bitcoin will replace the country's national currency, so usually Bitcoin is only allowed only as a digital asset. Although there are countries that allow Bitcoin as payment, it is only as an alternative payment method, not to replace the local currency. Indeed, Bitcoin and fiat should co-exist, so it will make financial transactions easier, because both can complement each other. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: ElmedoRator on September 04, 2021, 05:53:30 AM But what I know about Afghanistan, they are a poor and backward country that does not have many conditions to care about what we are talking about, whether it is just a very small number of people. They are still facing many problems about the current conflict, I feel the loss of control over their sovereignty over their own land, but the news I read recently is very sad when people are suffering many problems after war, the solution now has nothing to do with the economy but instead is about when they will feel happy on their own land.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: MusaMohamed on September 04, 2021, 07:18:52 AM But what I know about Afghanistan, they are a poor and backward country that does not have many conditions to care about what we are talking about, whether it is just a very small number of people. They are still facing many problems about the current conflict, I feel the loss of control over their sovereignty over their own land, but the news I read recently is very sad when people are suffering many problems after war, the solution now has nothing to do with the economy but instead is about when they will feel happy on their own land. If they have electricity, they can mine Bitcoin. They have to buy ASICs and build mining farms. In that nation, it is risky to operate mining farms because you don't know what will happen with the society, politics and everything there.Some poor nations in Latin America can have mining activities because their nations are more stable and less risky like Afghanistan. Even the nation and coming government from Taliban will have to be judged by other nations. I don't think Taliban can not make Bitcoin as legal tender in Afghanistan and big nations, IMF will not accept it. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: gabbie2010 on September 04, 2021, 08:24:36 AM The religious ideology of the Taliban will place a strict restrictions and regulations on the use of internet knowing the implications of unlimited access could harm their regime in that effect they might not allow people to adopt Bitcoin as a currency, infact they might assumed that the world power might finance insurgency against the regime using Bitcoin, thus the Taliban would probably monitor internet usage in Afghanistan, however having technological infrastructure to do the monitoring could be hard for them except Russia and China come to their rescue.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: JohnBitCo on September 04, 2021, 09:07:27 AM Bitcoin may gain legitimacy in the country to recover from the economic crisis after the country was occupied by the Taliban. Moreover, the economic source of the Taliban must come from another border country. So for their economic prosperity, the government of the country is more focused on legalizing bitcoin. You can know all the details through the video link below. I hope you will watch the full video and you will find the video source at the link below. https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl (https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl) I think that Afghanistan does not have the infrastructure yet where they can do this type of experiment and start using bitcoin instead of their local afghan currency. If they still want to try it, then they can use both their local currency and bitcoin together. Abandoning the native currency all at once will never help this transition and people will simple reject it. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Leviathan.007 on September 04, 2021, 10:12:28 AM That's exactly what I was thinking a few days ago. We all know the Taliban do not have good repucation in all over the world also people of the world know this group for rape and murdering people so can not trade easily with other countries. They need to use another group/country as proxy or they will have to use the other options such as bitoin. But in the other hand, Taliban toke the controll of this country and they are so triditional and do not agree with any kind of freedom, so I ddon't expect them to accpet bitcoin anytime soon.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: tyz on September 04, 2021, 10:17:25 AM Bitcoin may gain legitimacy in the country to recover from the economic crisis after the country was occupied by the Taliban. Moreover, the economic source of the Taliban must come from another border country. So for their economic prosperity, the government of the country is more focused on legalizing bitcoin. You can know all the details through the video link below. I hope you will watch the full video and you will find the video source at the link below. Does not make sense at all. Although almost everyone in Afghanistan owns a cell phone and it would be possible in principle, it makes no economic sense. For several reasons: First, Bitcoin is currently highly deflationary. Afghanistan's economy is in the dumps. An inflationary monetary policy is needed. On the other hand, Bitcoin is not suitable for daily transactions. Just imagine a farmer wants to buy a bag of vegetables for $5 (which is a lot of money in Afghanistan anyway) and pays $10 transaction fees on it. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: cotton ball on September 04, 2021, 12:30:31 PM can afghanistan replace afghan currency with bitcoin, in my estimation, they will be very difficult, because their country is not yet stable, and the country is also still in war, between the taliban and anti-taliban, and they are also not accepted by many countries, so i think they will not be able to change their currency..
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Frengki_cisco on September 04, 2021, 01:18:44 PM I tried to read the news, my personal opinion is specifically for citizens who use crypto currencies such as Bitcoin, that's the response of citizens who want to protect their assets.
The next question, what is the Taliban's policy towards the presence of Bitcoin in Afghanistan, if they have a positive attitude towards crypto it can be a good step forward for Afghans and vice versa must also think about the bad side, News of the taliban's attitude with Bitcoin must exist, that's important. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: LogitechMouse on September 04, 2021, 02:20:34 PM No but I'm the kind of person that thinks of 2 sides (sometimes) so there might be a chance in the future only if... if all or most of them will have access into the internet.
I don't know but the Talibans aren't interested in crypto at all or there are no signs of them using them or getting involved to it. The war that happened in the country doesn't mean that they will change currency. Yes the value of their currency dropped massively since the Talibans took over but if good things will happen there (hope so) then there might be a chance that it will recover. They are terrorist after all so expecting good things for them is the one that I will not do. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: TheGreatPython on September 04, 2021, 06:55:42 PM Bitcoin may gain legitimacy in the country to recover from the economic crisis after the country was occupied by the Taliban. Moreover, the economic source of the Taliban must come from another border country. So for their economic prosperity, the government of the country is more focused on legalizing bitcoin. You can know all the details through the video link below. I don’t think they can replace the Afghanistan currency with Bitcoin. But I know for sure that the people can decide to start making use of Bitcoin. So it’s up to them to make that decision for themselves, As for changing the currency, I don’t really know if that is going to be possible, so I wouldn’t tell you it is. They can decide to declare Bitcoin a legal tender just like El Salvador.But I do have a question: will making Bitcoin a currency in Afghanistan change their situation? I don’t think the answer to that question is yes. We all know how the situation is in that country, so Bitcoin will be the last thing on their mind. Countries like that what they need is a serious help and I really hope they get that help that they need. That is why war is a very bad thing. I’m more of a this should make Bitcoin in currency, not everyone will have the money to invest in it. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Lanatsa on September 04, 2021, 07:22:39 PM I tried to read the news, my personal opinion is specifically for citizens who use crypto currencies such as Bitcoin, that's the response of citizens who want to protect their assets. Only really good for protecting your assets as a citizen but implementing or integrating it for changing up countries main currency is surely not possible even though there might be some positive sentimentsThe next question, what is the Taliban's policy towards the presence of Bitcoin in Afghanistan, if they have a positive attitude towards crypto it can be a good step forward for Afghans and vice versa must also think about the bad side, News of the taliban's attitude with Bitcoin must exist, that's important. but doesn't mean that it would really be that just fine. I cant really see the possibility for a country currency to be replaced with Bitcoin,maybe there might be some citizens whom do consider it on that manner but those are just for personal reasons. Switching up from fiat to Bitcoin is something cant really be done in full scale or would be done so easily even with that El Salvador situation then we can really mirror out the hardship. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Gyfts on September 04, 2021, 08:59:11 PM Nope, it can't. That region of the world has always been primitive with technology, so there won't be any sort of mass adoption. With China announcing partnership with the Taliban, Afghan currency will still survive for local Afghans to use, of course it's not a currency that would be recognized as valuable on the global stage. Afghanistan's economy is going to be propped up by China's intervention.
I think the potential would be great, surely people in a destabilized environment would be better off using Bitcoin, but again, it won't replace the currency. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: ElmedoRator on September 05, 2021, 05:47:02 AM But what I know about Afghanistan, they are a poor and backward country that does not have many conditions to care about what we are talking about, whether it is just a very small number of people. They are still facing many problems about the current conflict, I feel the loss of control over their sovereignty over their own land, but the news I read recently is very sad when people are suffering many problems after war, the solution now has nothing to do with the economy but instead is about when they will feel happy on their own land. If they have electricity, they can mine Bitcoin. They have to buy ASICs and build mining farms. In that nation, it is risky to operate mining farms because you don't know what will happen with the society, politics and everything there.Some poor nations in Latin America can have mining activities because their nations are more stable and less risky like Afghanistan. Even the nation and coming government from Taliban will have to be judged by other nations. I don't think Taliban can not make Bitcoin as legal tender in Afghanistan and big nations, IMF will not accept it. Your assumptions and what you think are not what I think, simply what they need and what solution are we thinking for them? Just like the point of view on substance is not the same, many people need it to build trust with others, and try to earn as much trust as possible. And there are also people who just see it simply as a tool for exchange and always believe that even without money, they will still be happy. I have researched about the history of religion, it is really a very sensitive issue and there is no general concept that can be imposed. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: lenovop-70 on September 05, 2021, 07:19:42 AM Aha big no, how can they will access the blockchain if they dont have infrastructure in it, and how about their human resources, is they are able to use technology while rocket up on their head and sleeping with the gun ?
It is doesnt make sense that Afghanistan will adopt Bitcoin as their currency. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Kong Hey Pakboy on September 05, 2021, 10:02:14 AM No way, bitcoin is going to fill in a big hole trying to replace the functions of the currency in Afghanistan, remember that there's still some economics in the country and I don't think that bitcoin would be enough to fill in the gaps.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Cling18 on September 05, 2021, 10:24:07 AM Seeing the current situation of Afghanistan these days, I don't think they would legalize Bitcoin that easily. The Taliban want to control everything and Bitcoin as a digital and decentralized currency wouldn't be a thing for them. There might be a few people that would use Bitcoin but it wouldn't replace their currency.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: SuperHero87 on September 05, 2021, 10:27:16 AM I tried to read the news, my personal opinion is specifically for citizens who use crypto currencies such as Bitcoin, that's the response of citizens who want to protect their assets. The next question, what is the Taliban's policy towards the presence of Bitcoin in Afghanistan, if they have a positive attitude towards crypto it can be a good step forward for Afghans and vice versa must also think about the bad side, News of the taliban's attitude with Bitcoin must exist, that's important. Taliban's need the knowledge of crypto first. I am sure they will adopt it if someone can tell them it will help them grow and they will not have to remain dependent on US dollar. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Kakmakr on September 05, 2021, 10:52:21 AM Do you really think the Taliban will allow a western technology that has to run on very modern technology, to replace their Fiat currency? These guys kill women that wants to go to school... ffs!
Just remember one thing... these guys wants to control every aspect of citizens life in that country and they have zero control over Crypto currencies. They also know that they can only rule over uneducated people, because their power comes from people who cannot and who are not allowed to think for themselves. Bitcoin cannot save those people... not even the USA could with all of their wealth and support. ::) Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Vishnu.Reang on September 05, 2021, 01:52:15 PM Do you really think the Taliban will allow a western technology that has to run on very modern technology, to replace their Fiat currency? These guys kill women that wants to go to school... ffs! Just remember one thing... these guys wants to control every aspect of citizens life in that country and they have zero control over Crypto currencies. They also know that they can only rule over uneducated people, because their power comes from people who cannot and who are not allowed to think for themselves. Bitcoin cannot save those people... not even the USA could with all of their wealth and support. ::) It is foolish to expect that these guys would take a favorable stance towards Bitcoin and cryptocurrency, when they have banned even music, dance and sports. When Islamic state conquered vast swathes of Iraq and Syria, they tried to replace fiat currency (Syrian Pound/Iraqi Dinar) with gold, silver and copper coins, since the ISIS regarded fiat currency as un-Islamic. I am not sure whether Taliban would try to the same or not. From what I can say, there is not much difference between the two groups. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: zulfi125 on September 05, 2021, 03:43:17 PM Afghanistan, not established GOVT yet and there are no advanced technologies in-country, infrastructure will be established in coming years after some years you can say Afghanistan can adopt Bitcoin but not now and in this video this is one personal overview and not an international report.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Sanugarid on September 16, 2021, 09:27:01 AM Bitcoin may gain legitimacy in the country to recover from the economic crisis after the country was occupied by the Taliban. Moreover, the economic source of the Taliban must come from another border country. So for their economic prosperity, the government of the country is more focused on legalizing bitcoin. You can know all the details through the video link below. I hope you will watch the full video and you will find the video source at the link below. https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl (https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl) Why would they replace their own currency with something that they can't even regulate? It doesn't make sense at all. Besides, the Taliban might have no idea about cryptocurrency at all. I think the only chance they could consider BTC as their main currency is when hyper-inflation happens just like in Venezuela wherein they used other countries currency as their legal tender Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: blckhawk on September 25, 2021, 07:07:57 AM well that depends only on the country if they will adapt bitcoin as their main currency, because bitcoin as of now is not accepted as a main currency to trade services and products with, but if they would like bitcoin then that is their business but i think that they should not adapt it because is very volatile and is prone to changing its value in a short span of time.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: mintcat on September 25, 2021, 07:46:20 AM At present, it is impossible to achieve.It takes a long time to prepare for the popularization of bitcoin knowledge, tutorials and infrastructure.The most important thing is whether his leaders have this determination.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: MIldic1c on September 25, 2021, 09:02:24 AM After Afghanistan was occupied by the Taliban, the domestic economy has not yet recovered, and the people and the government have different religions. It is not suitable for Afghanistan to change the policies or regulations of the country. This is for Afghanistan to stabilize the mood of the domestic people and prevent rebellion! Bitcoin is not suitable to appear in the public eye at this time, and it is not suitable to become legal tender!
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Wildwest on September 25, 2021, 11:00:28 AM If Afghanistan legalizes bitcoin then this needs a process, especially for now the transfer of government has been controlled by the Taliban then they are very thin in mastering the science of technology so it is very difficult to apply bitcoin as a legitimate means of payment, then in this case they must maximize the internet network so that all access can run smoothly and later all the targets that want to be applied can be achieved, and for this country I am less convinced by the application of bitcoin as their currency because there are many other problems that they have to solve.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: rodskee on September 25, 2021, 11:24:54 AM Bitcoin may gain legitimacy in the country to recover from the economic crisis after the country was occupied by the Taliban. Moreover, the economic source of the Taliban must come from another border country. So for their economic prosperity, the government of the country is more focused on legalizing bitcoin. You can know all the details through the video link below. I hope you will watch the full video and you will find the video source at the link below. Now it is Afghanistan ? looks like there are so many countries that has been indicating their interest in bitcoin nowadays, is this really the effect of pandemic or it is just each countries find out the advantage of crypto in being currency together with fiat.https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl (https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl) At present, it is impossible to achieve.It takes a long time to prepare for the popularization of bitcoin knowledge, tutorials and infrastructure.The most important thing is whether his leaders have this determination. lol , El Salvador did it so fast in their country asking nothing to the people but only to the congress to pass the law that is the same reason why now there are many protest happening in their government .Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: FulxilCoris on September 25, 2021, 12:00:28 PM For now, they need to develop their own currency first. They cannot access the Internet without a cell phone. Supposedly the work using Bitcoin will not be able to be completely popularized. All not except when you have relative or trusted friend abroad who can buy you Bitcoin. it's really hard and I think they will have a hard time following el salvador's steps.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: john_nautica on September 25, 2021, 03:18:46 PM Do you really think the Taliban will allow a western technology that has to run on very modern technology, to replace their Fiat currency? These guys kill women that wants to go to school... ffs! Just remember one thing... these guys wants to control every aspect of citizens life in that country and they have zero control over Crypto currencies. They also know that they can only rule over uneducated people, because their power comes from people who cannot and who are not allowed to think for themselves. Bitcoin cannot save those people... not even the USA could with all of their wealth and support. ::) It is foolish to expect that these guys would take a favorable stance towards Bitcoin and cryptocurrency, when they have banned even music, dance and sports. When Islamic state conquered vast swathes of Iraq and Syria, they tried to replace fiat currency (Syrian Pound/Iraqi Dinar) with gold, silver and copper coins, since the ISIS regarded fiat currency as un-Islamic. I am not sure whether Taliban would try to the same or not. From what I can say, there is not much difference between the two groups. I would definitely agree on this one. And considering what Kakmakr have said, the Taliban wants to have full authority over the country of Afghanistan, and with crypto currencies, the group have much control towards the financial transactions of citizens and the circulation of the currency in general. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: tsaroz on September 25, 2021, 03:25:36 PM Bitcoin may gain legitimacy in the country to recover from the economic crisis after the country was occupied by the Taliban. Moreover, the economic source of the Taliban must come from another border country. So for their economic prosperity, the government of the country is more focused on legalizing bitcoin. You can know all the details through the video link below. I hope you will watch the full video and you will find the video source at the link below. https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl (https://www.indiatoday.in/newsmo/video/afghanistan-replacing-afghan-currency-with-cryptocurrency-bitcoins-1846934-2021-08-30?jwsource=cl) They would not do it officially but crypto has been a defacto currency for the terror regime and associated with off records trade deals in petro or narco. Whatever they may call, the largest asset of Taliban is opium and its trade is not legal. They'll need to route it through sketchy partners like Iran and Pakistan to reach the international waters. Iran is already selling it's oil for crypto. This way taliban would make bitcoin/crypto their defacto official currency. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: romero121 on September 25, 2021, 03:29:28 PM Afghan Currency being replaced by Bitcoin isn't gonna make a big impact. Also the Taliban's are the one who follow the laws on the Quran in a much strict manner. So, at any cost they'll take an opposing decision someday. What they take forward at the moment looks like a temporary plan. Right now all that necessary is a living atmosphere, without that who is gonna make use of bitcoin within the country.
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Theones on September 25, 2021, 05:51:05 PM And why would they do that? doesn't make sense at all. If they would replace it, are there enough infrastructure in Afghanistan that will help them transact using BTC? First you have internet to be able to used bitcoin around that country, is there is none then it's useless. Besides, do you think oppressive government like Taliban will allow the people to use crypto as way to hide their money and wealth? Or give financial freedom? Nah, don't think so. Afghanistan needs infrastructure development and lots of it. Even in developed countries of the world like USA, EU not many are familiar with crypto. Moreover, governments all around the world are also showing strong opposition to crypto. I don't think that many governments will allow crypto to be used as official currency and Taliban's are not an exception. Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: syedakhlaque on December 12, 2021, 05:07:49 AM Afghanistan has remained the battlefield of war and fight for nearly the last forty years. Their political, financial & social structure has been destroyed. There needs a lot of time for its restoration. This country is far away from development & advanced technology. The facility of computer,internet, and its accessories is very less there. The awareness about BTC or cryptocurrency is not enough there. So at this time, it is not possible that Afghanistan to replace afghan currency with Bitcoin?
Title: Re: Can Afghanistan replace afghan currency with Bitcoin? Post by: Mpamaegbu on December 12, 2021, 06:19:11 AM Bitcoin gives financial freedom. Afghanistan suppresses freedom just like every terrorist organization or nation. So, how is it ever going to be possible that the country will go the Bitcoin way and jettison its Fiat that enables it a hold on its citizens? That's not possible. Whatever article one reads on that is a gimmick for me. We aren't even talking about the lack of infrastructure to back up the adventure in terms of electricity and the internet in Afghanistan.
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