This is a time when social movements have peaked and people’s determination to bring about positive transformation has been brought to the streets and paths. Every other day we see some of the other activist groups protesting and spreading for positive reform. In the midst of all of this, social media protests are the strongest and most impactful. However, things are changing now, and they are changing rapidly, as these protests move from one digital space to another.
The latest thing we heard was a protest sponsored by the crypto industry. Yeah you heard right. It was when Nigerians gathered for a civil movement and raised money to sponsor their protests through bitcoin and other altcoins.
This has opened a new gateway for protesters and activists to voice their demands and get a new platform to speak out against injustice. Not only can these activists raise money through Bitcoin, but there are other ways the industry can provide them with greater support.
A similar case was seen in Hong Kong when several local businesses started accepting crypto money from activists to help them raise their voices against China’s invasion and support their cause in their own little way.
In another case, an anonymous group of hackers stole cryptocurrency from a large company and donated it to the account of a non-profit organization. When that happened, many people referred to this group as the Robin Hood of the crypto industry, which is on its way to bridging the gap and huge income inequality. You can find more information in the Bitcoin Equalizer.
Let’s see what these paths might look like.
The first and foremost solution to their problem is to get enough sponsorship to fund the protests. Otherwise, it’s easy because there are lots of helping hands ready to join the fleet. But it becomes difficult when the government bans such activities. In this case, all accounts of the activist will be blocked or a donation will become a criminal offense. The disadvantage of fiat currency is that it is under the control of the government and they can exercise their power and issue any kind of regulation during protests.
In this situation, activists can seek help from crypto-based platforms to raise funds for the cause.
- Exceptionally, it does not fall under the control of the government, so there isn’t much it can do about these funds.
- Second, anyone can donate money to the cause, including those who live outside the country’s geographic borders. It could be a great way to get international support and funding as anyone with such a system could donate. This would not have been possible otherwise and it’s a great way to bring the whole world under one roof and unite people for a social cause.
- These donations through cryptocurrency are not only efficient, but also very quick and reliable. The moment someone donates to this platform, the money is deposited into the recipient’s account as there is no hassle with a middleman, no currency conversion fees, no room for human crime, fraud or delays. All the money is simply and easily credited directly.
How can activists bridge the huge gap between people of different income groups with crypto?
The best feature of Bitcoin is that it is free from government control and that is where its power resides. Another great feature is its unsolvability. Therefore, all transactions that take place in this area remain between the recipient and the sender and no third party is familiar with this information. This means that if a person makes a donation for a social cause through Crypto, there is no way that this information can be shared with anyone, including the government.
The government will never be able to keep track of a person’s activities and financial transactions, and therefore your charitable endeavors will remain a secret. The identity of donors is never discovered and this way you can support your stance towards the government without attracting attention.
In some countries, people are punished, imprisoned and beaten for speaking out against the government. If so, Bitcoin is the way to avoid government intervention. This has opened up a new way to sponsor these protests without getting into the bad books of government officials. Plus, these platforms are up and running 24/7, so these donations would never stop coming, and anyone with a smartphone and internet connection can create them however they want.
While social media has already been a hotspot for protest and activism, cryptocurrencies are now following the same path, paving the way for social transformation by providing them with digital and financial support.