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Author Topic: Bitcoin continue to safe life in the face of financial crisis  (Read 309 times)
Gallar
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April 30, 2023, 12:11:23 PM
 #21

As the crisis in  Sudan persisted and countries tried to evacuate their citizens in the troubled country, an unexpected event played out that Bitcoin become the only way to reach some victims who were trapped in the desert with no money or bank networks.
This is the situation with some Africans who are currently trapped in the desert at the moment since the buses evacuating them stopped in the middle of the desert leaving the Nigerians who were running from the crisis to have no choice but to look for alternative ways to continue their journey back home or ease their pain while waiting for another rescue, the situation is more worst because most of those involved have no money left on them and they were relying on the government arrangement to get them back from Sudan to Nigeria but at the moment reports have it that the buses drivers have stopped the journey halfway and for the past 3 days most of the Nigerians have been left in the middle of deserts left to fend for themselves.
The role Bitcoin played in Getting financial help to the victims:
Some of those on the evacuation journey have to reach out to families and well-wishers seeking for funding to help ease their pain and since there are no bank networks in the desert and no way to send or receive fiat money, I suggested the use of Bitcoin to get money across to a friend who is stuck, and all we needed to do was to send the money to his Bitcoin wallet without any restrictions or delays.
The Bitcoin was received within a short time, and this gave me more satisfaction using Bitcoin in the time of crisis, the only problem is how he can exchange the Bitcoin and make payments that will help his struggle in the desert but the joy is that he now has access to funds through Bitcoin, and the stress to exchange into any local available currency or using Bitcoin to make payment on p2p if he meets anyone that use and accept Bitcoin is far more better and lesser worries, than the troubles of not having access to money at all.
Indeed Bitcoin is a life savior

Where did you get this information, because I think the story you wrote is a bit difficult to digest. But if the story or information is true, will the trapped people be able to get out safely now?

Seeing from your post, I understand that the people who are trapped are rescued by intermediary bitcoin. Indeed, bitcoin can really help many people, especially those who invest in it. Because if you never buy or invest, how can bitcoin help. So basically people are helped by bitcoin, because they invest in it. So now back to your story, I want to ask you, is there an internet connection in the middle of the desert where the trapped person is? if anything, all your stories can be slightly understood. But suppose there is an internet connection, bitcoins are also sent successfully, but how do you use them or exchange them for fiat money? because in the middle of the desert, I don't think there is access to it. So I think, if you are trapped in a desert like the one in your story, what you definitely need is food.

Even if you have a large bag of cash or tens of bitcoins, but if there is no place to buy them or use them (such as in the desert example), I think all of that will be useless, because what you need when you are stuck in the desert or anywhere, surely the first thing you need is food.

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April 30, 2023, 04:41:13 PM
 #22

Well, hot diggity - Bitcoin's stumbled upon its true purpose: safeguarding travelers from the dangers of desert bus escapades! But no joke, it's astonishing to see cryptocurrency flex in a crisis. Who'd have thunk Bitcoin - the love child of decentralization and financial emancipation - would swoop in to assist those stuck in the Sahara?

Goes to show, innovation can pop up when you least expect it. Perhaps we'll spot a new generation of crypto startups committed to helping the needy worldwide - from disaster aid to refugee backing and more. For now, I'll clutch my Bitcoin wallet tight - you can't predict when it'll come in handy for, say, a camel purchase.
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April 30, 2023, 04:53:46 PM
 #23

Well, the nice thing about Bitcoin is the fact that you can walk around with a small piece of paper and it can contain a Bitcoin address & Private key and you can take all your money with you. You can hide that anywhere and nobody will suspect a thing...

You can also keep this in cloud servers online (obviously swapping some numbers and letters that only you know) and your wealth can be safe, when you access it on the other side.  Wink

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April 30, 2023, 04:54:33 PM
 #24

I don't know how Bitcoin is a life savior in your story. If you're stuck in the desert, Bitcoin can't actually help you. Water is your life-saver. A group of travelers is a life-saver. An oasis is a life-saver, but not Bitcoin.

If I'm stuck in the middle of the desert for 3 days, Bitcoin won't probably give me joy. What will give me joy is that bus that will finally fetch me away from that hell and impending death.

Actually, in circumstances like this, cash proves to be much better than Bitcoin.
Agree 100% with what you say, so basically the OP doesn't pay much attention to the important points of how role by role involves conditions in the field. Either the OP forgot how to interpret the need to support survival in the middle of the desert as a stock of food, drink, and cash. Because with these 3 things, I think I can have ideal conditions.

Even having 1 Bitcoin in a digital wallet while in the middle of a desert far away where there isn't even a local bank is useless. In general, because we see the situation that the OP described is not possible to cash out Bitcoins.

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April 30, 2023, 05:46:43 PM
 #25

This is a made-up story, for sure. If they have internet access in the middle of the desert, they can do bank transactions or mobile transactions if they need urgent cash. As he said, there was no network; how is Bitcoin supposed to work there? How they communicated without the Internet or Mobile network? I am curious to see his answer regarding this.

The only thing OP will have put up here that bitcoin came up to the rescue is when the victims are out of fiat money and since they are in a different country it will be hard going through the bank to send a foreign currency. At this stage it will be easier to send bitcoin so that the victim can convert to any countries fiat. Just like the one of Turkey. But without network connections like the OP said, bitcoin is totally useless. So I think this is just a fiction.

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May 01, 2023, 12:23:07 AM
 #26

I would like to hope that Bitcoin is and continues to play a growing role in saving people from personal financial crisis, both by being a part of it and also by taking advantage of its use case. After all, this is one of the reasons that Bitcoin was created - as a life raft in the face of economic destruction caused by the interests who drive the fiat money order. While what is happening in Sudan and around the world is terrible, it is good to read that Bitcoin is playing its role in helping some people avert crisis.
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May 01, 2023, 12:49:01 AM
 #27



You can also keep this in cloud servers online (obviously swapping some numbers and letters that only you know) and your wealth can be safe, when you access it on the other side.  Wink


Is this really safe since I've heard people say that seed phrases shouldn't be stored on online platforms?

Going back to OP's story, I find it bullshit and unreal. How in the desert, people can use the internet, and in the desert 3 days, the thing to save them is water and food, not bitcoins. And the article mentioned nothing but bitcoin. It's like a made-up story.
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May 01, 2023, 01:08:54 AM
Last edit: May 01, 2023, 02:34:24 AM by Fiatless
Merited by Aanuoluwatofunmi (3), Oasisman (1)
 #28

I tried googling to find additional information about the op's story, but couldn't find anything. So I join others in saying that a link to a source would be much appreciated. If it's a true story, it's wonderful to see that Bitcoin was useful in an unexpected situation. However, I don't quite understand why online banking wasn't available (even though the Internet connection was okay, I assume, considering that Bitcoin could be sent and received)... I remember some stories from my own country, from the early days of the Russian full-scale invasion of Ukraine. Some people used Bitcoin to purchase a car, for example. So I do understand how a situation similar to the one described by the op could present itself, but I'd like to see more information about the Sudan-Nigeria case.

The news of Nigerian students trapped in the desert because the transport company didn't receive their full payment is true and can be viewed from this link. But there is no information to verify the story of using Bitcoin to pay the drivers. And the drivers had dealings with the Nigerian government and not individual students. As much as I know also, North African countries are the most unfriendly nations to Bitcoin. Countries like Algeria, Egypt, Tunisia, and Morocco placed an absolute ban on Bitcoin and other cryptocurrencies. Although Sudan didn't ban cryptocurrency transactions absolutely, the Central Bank discourages the citizens of Sudan from using crypto.

I know Bitcoin can do what fiat cannot do as we saw in Ukraine when the banking sector was affected and people donated with Bitcoin to Ukraine. I just hope that such kind gestures will be given to the people of Sudan because they need help.

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May 01, 2023, 01:27:31 AM
 #29

I tried googling to find additional information about the op's story, but couldn't find anything. So I join others in saying that a link to a source would be much appreciated. If it's a true story, it's wonderful to see that Bitcoin was useful in an unexpected situation. However, I don't quite understand why online banking wasn't available (even though the Internet connection was okay, I assume, considering that Bitcoin could be sent and received)... I remember some stories from my own country, from the early days of the Russian full-scale invasion of Ukraine. Some people used Bitcoin to purchase a car, for example. So I do understand how a situation similar to the one described by the op could present itself, but I'd like to see more information about the Sudan-Nigeria case.

The news of Nigerian students trapped in the desert because the transport company didn't receive their full payment is true and can be viewed from this link. But there is no information to verify the story of using Bitcoin to pay the drivers. And the drivers had dealings with the Nigerian government and not individual students. As much as I know also, North African countries are the most unfriendly nations to Bitcoin. Countries like Algeria, Egypt, Tunisia, and Morocco placed an absolute ban on Bitcoin and other cryptocurrencies. Although Sudan didn't ban cryptocurrency transactions absolutely, the Central Bank discourages the citizens of Sudan from using crypto.


Good catch in getting the link available for everyone. However, it seems like the OP is exaggerating things out? The issue was the full payment where that specific transportation company instructed their bus drivers to stop to wherever they are currently as they have no been paid in full.
That kind of issue can be quickly escalated in my opinion if they did not put the lives of their passengers in danger. They could've carried on and settled the payment issues once they get on the other side safely.
I don't see Bitcoin was necessary in this story either, because the passengers don't actually need to hand over the payment to the bus drivers, but it is the transportation company who was demanding for the payment, someone from the other side could do the payment.

R


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May 01, 2023, 02:31:27 AM
 #30

I don't know how Bitcoin is a life savior in your story. If you're stuck in the desert, Bitcoin can't actually help you. Water is your life-saver. A group of travelers is a life-saver. An oasis is a life-saver, but not Bitcoin.

If I'm stuck in the middle of the desert for 3 days, Bitcoin won't probably give me joy. What will give me joy is that bus that will finally fetch me away from that hell and impending death.

Actually, in circumstances like this, cash proves to be much better than Bitcoin.

Speaking of reality like you say in the middle of the desert, bitcoin is useless in situations like that. Even if we say that you have a lot of bitcoin in your wallet, the main thing you will be looking for is water not bitcoin to survive.

           Because we know that the internet is necessary for bitcoin and that it is not in the middle of the desert, so everything you said is correct and correct in your explanations. I too am wondering how bitcoin can be a life savior in such a scenario. Because the one who will be my ex is deceiving too much.



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wxa7115
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May 01, 2023, 03:17:04 AM
 #31

I don't know how Bitcoin is a life savior in your story. If you're stuck in the desert, Bitcoin can't actually help you. Water is your life-saver. A group of travelers is a life-saver. An oasis is a life-saver, but not Bitcoin.

If I'm stuck in the middle of the desert for 3 days, Bitcoin won't probably give me joy. What will give me joy is that bus that will finally fetch me away from that hell and impending death.

Actually, in circumstances like this, cash proves to be much better than Bitcoin.

Speaking of reality like you say in the middle of the desert, bitcoin is useless in situations like that. Even if we say that you have a lot of bitcoin in your wallet, the main thing you will be looking for is water not bitcoin to survive.

           Because we know that the internet is necessary for bitcoin and that it is not in the middle of the desert, so everything you said is correct and correct in your explanations. I too am wondering how bitcoin can be a life savior in such a scenario. Because the one who will be my ex is deceiving too much.
The story presented by the OP has some holes on it, after all even if a person had a phone with charge and a bitcoin wallet already installed, if they are really on the middle of the desert then there is not going to be any way for them or anyone in that situation to connect to the internet.

And as such the people trapped on those circumstances will depend almost exclusively on what they have on hand and their skills to get out of this dangerous situation.

.
.DuelbitsSPORTS.
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May 01, 2023, 04:47:45 AM
 #32

The role Bitcoin played in Getting financial help to the victims:
Some of those on the evacuation journey have to reach out to families and well-wishers seeking for funding to help ease their pain and since there are no bank networks in the desert and no way to send or receive fiat money, I suggested the use of Bitcoin to get money across to a friend who is stuck, and all we needed to do was to send the money to his Bitcoin wallet without any restrictions or delays.
The Bitcoin was received within a short time, and this gave me more satisfaction using Bitcoin in the time of crisis, the only problem is how he can exchange the Bitcoin and make payments that will help his struggle in the desert but the joy is that he now has access to funds through Bitcoin, and the stress to exchange into any local available currency or using Bitcoin to make payment on p2p if he meets anyone that use and accept Bitcoin is far more better and lesser worries, than the troubles of not having access to money at all.
Indeed Bitcoin is a life savior

This isn't a big deal since the travellers could have easily use their mobile banks apps or other digital payment that's acceptable by those transporting them to receive money. Now that they have recieved Bitcoin, how do they start changing it since there won't be network in the desserts to start logging into exchange to trade the Bitcoin to the local currencies they would need to pay for their transportation and other things.

Stories like this troubles me because human life is very important and when people are stranded like your stories it shows how the people of African are suffering. Why aren't the government paying attention to the evacuation process of Nigerians over there, if this was American, by now their citizens would had been home.

R


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May 01, 2023, 04:48:40 AM
 #33

I tried googling to find additional information about the op's story, but couldn't find anything. So I join others in saying that a link to a source would be much appreciated. If it's a true story, it's wonderful to see that Bitcoin was useful in an unexpected situation. However, I don't quite understand why online banking wasn't available (even though the Internet connection was okay, I assume, considering that Bitcoin could be sent and received)... I remember some stories from my own country, from the early days of the Russian full-scale invasion of Ukraine. Some people used Bitcoin to purchase a car, for example. So I do understand how a situation similar to the one described by the op could present itself, but I'd like to see more information about the Sudan-Nigeria case.

The news of Nigerian students trapped in the desert because the transport company didn't receive their full payment is true and can be viewed from this link. But there is no information to verify the story of using Bitcoin to pay the drivers. And the drivers had dealings with the Nigerian government and not individual students. As much as I know also, North African countries are the most unfriendly nations to Bitcoin. Countries like Algeria, Egypt, Tunisia, and Morocco placed an absolute ban on Bitcoin and other cryptocurrencies. Although Sudan didn't ban cryptocurrency transactions absolutely, the Central Bank discourages the citizens of Sudan from using crypto.

I know Bitcoin can do what fiat cannot do as we saw in Ukraine when the banking sector was affected and people donated with Bitcoin to Ukraine. I just hope that such kind gestures will be given to the people of Sudan because they need help.

From what you said, I don't believe this story even more. Maybe this story was created by OP to exaggerate the greatness of bitcoin rather than a true story with real meaning. Many people asked for a link to the article, but he still couldn't provide anything. Bitcoin is better than fiat in some cases but it is not god that can solve everything in the world.

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May 01, 2023, 03:32:52 PM
 #34

Good enough that your friend has access to Bitcoin in the desert even though he/she can't really use Bitcoin in the desert but then it may sound like a relief that he has money in the form of Bitcoin in case he gets to a location where he can use Bitcoin to sustain.


Just like every other person has said, ops you may need to include a link to this story and if possible pictural evidence, I must say that on the note of Bitcoin's utility and borderlessness, it's awesome how Bitcoin has continues to build bring between users no matter their location.

R


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May 01, 2023, 04:31:57 PM
 #35

The story of stranded escapees of war in the desert is quite touching. I have read and watched the news on news channels and social media and it is good that Bitcoin could reach your friend, let it remain to exchange it to the local currency to complete his journey.
One way Bitcoin could have been better is if it was a legal tender. Having the Bitcoin without being able to exchange it is a problem. You also mentioned issues of network. I wonder how he received the crypto in his wallet.
I do feel if he could educate and convince others with means to open a wallet and trade it for transportation of food, it would be better.

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May 02, 2023, 04:26:39 PM
 #36

This is a made-up story, for sure. If they have internet access in the middle of the desert, they can do bank transactions or mobile transactions if they need urgent cash. As he said, there was no network; how is Bitcoin supposed to work there? How they communicated without the Internet or Mobile network? I am curious to see his answer regarding this.

The only thing OP will have put up here that bitcoin came up to the rescue is when the victims are out of fiat money and since they are in a different country it will be hard going through the bank to send a foreign currency. At this stage it will be easier to send bitcoin so that the victim can convert to any countries fiat. Just like the one of Turkey. But without network connections like the OP said, bitcoin is totally useless. So I think this is just a fiction.

I saw that someone posted that this story is real, and a news website covered it. But OP presented it happened with his own friends, and he was able to help them. It would be best if you did not name a story as yours when it is not. OP did not write a single replay or answer a question from this thread. So, It's impossible to know the truth without having him answer here. Since we got the answer from another forum member, I am okay with that. But I will still suggest OP not to present a story like that. It seemed like OP's friends were trapped in the middle of the desert, and he helped them. He used "I", "We," and "us" in the OP, which makes it exclusively his own story while it's not.

The source is trust me bro,



We got the source BTW

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May 04, 2023, 01:05:24 PM
 #37

Hey ok thank for sharing that source again and you can also check the first page to see the visual source included in the post, this comment is more friendly than you first comment on this topic which seem as if you were on an offensive side and perceive my message as fabrication even though one can easily  point out the paragraph were i mentioned that this was just a personal support toward a student friend of mine.


But anyways thanks for your contribution to this discussion and going forward I may just luck the thread to avoid any further drama and misconceptions.

.
.Duelbits.
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