So as a dystopian cat-and-mouse game emerges in Hong Kong, cryptocurrency has quite a role to play in what may be the opening act of the dystopian, cyberpunk protests of the future.
Cryptocurrencies and Bitcoin were built to address several of the most pressing points in the Hong Kong protests, which are at the forefront of what it means to protest against a state equipped with all of the sophisticated technologies of the 21st century and the unrestrained ability to weaponize those capabilities against its citizenry.
Many cryptocurrencies are moving towards enabling transactional anonymity, and a host of tools exist to make it easier to anonymize transactions. Monero and Zcash were built with those principles in mind -- a trait built in foresight for an age where dissidents fear being recognized by a central entity. This has led to a premium in cryptocurrencies traded with Hong Kong dollars., a Hong Kong based exchange.
Bitcoin itself has seen a surge since June 9th, the largest public protest in Hong Kong's history. From about $8,000 USD, it now sits close to $11,300 USD, an increase of about 41.25%.
Bitcoin is built to be a distributed datastore with no central ownership or censorship. No state, without an extraordinary investment in computing power, can control transactions between Bitcoin addresses.between different users, even if they may be regarded as a dissident by one state or another -- and it is difficult to collect raw data categories beyond what members of the public would know is accessible through public explorers and aggregative analyzers.
This helps allay the concerns many protesters have with their current payments systems. Cryptocurrencies have many of the same convenient features as digital cash, but much less of the downsides of centralized control and surveillance.
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