Waqar Zaka Help Rohingya Refugees through Bitcoins

Waqar Zaka Help Rohingya Refugees through Bitcoins

Power of Bitcoin

In a very promising and becoming turn of events a big group of Rohingya refugees in Nepal see the silver lining of their life in the clouds of Bitcoin. Waqar Zaka Foundation gives the aid of $4000 to Rohingya refugees through Bitcoin.

At this occasion Waqar Zaka let the people listening to his live transmission know that the money was transferred to Rohingya and will be transferred in future only and only by using Bitcoin. As Waqar Zaka mentions this, Bitcoin is a kind of currency which is always there for the poor and needy people who do not have any documents, let alone the bank accounts.

Sharing the details of the aid with his viewers, Waqar Zaka let them know how Rohingya refugees were mishandled in Bangladesh and how a small amount of $1000 was enough for them to rent a piece of land enough for more than 50 families.

With help of Waqar Zaka and his foundation, they have acquired reliable sense of living with water, food, other amenities such as warm cloths and blankets and most importantly, their own movable houses made out of aluminum sheets. The head of the refugee group talked to the viewers of Waqar Zaka and assured them of the help that Rohingya people had received.

Educating the Refugees

Waqar Zaka talked about Bitcoin and praised Bitcoin declaring it a currency for the homeless people and refugees throughout the world. Waqar Zaka provided them Android devices and taught them how to use Bitcoin wallet to receive the coin and then get it exchanged from local exchangers who deal in Bitcoin. He further arranged a lecture in a shed. With many Rohingya refugees sitting in front of him and with help of a whiteboard, he explained how Bitcoin can be used safely, how to keep the wallet secure, how expensive is the Bitcoin and what is its current value and how they can get it exchanged into local currency with ease and without having to show any documentation.

Easyload With Bitcoin & Ethereum

The power of crypto currency such as bitcoin and ethereum could be tested when you do micro transactions such as paying you post paid mobile bill or easyloads or even do super cards loads directly onto your mobile.

EASYLOADS

We have opted to give this service so someone sitting in USA or Dubai could easily load balance on their loved ones instantly via paying with btc and eth. You can pay anywhere from PKR 75 to PKR 1000 and topup your balance.

HOW DOES IT WORK

Easyloads
So how does it work, lets say you want to buy a ufone supercard or recharge your balance, first head over to bitcoinpk and from the first list select bitcoin or ethereum which is the 2 crypto currencies we support currently, enter your mobile number which should be 03xxxxxxxxx without any space or dashes. There after you have to select your network provider so from the drop down select the right network provider, the list has warid ufone jazz telenor and zong, for this case we will select ufone as we want to load the supercard worth PKR 520. The email in the last box is optional but its good to provide an email as if there is any issue we can easily contact you. There after just click the easyload button.


This will take you to the next screen where you will be promoted for the the payment in btc or eth whichever one you selected. The timer will start on the bottom. This is set as the prices are picked live keeping in view exchange conversion fees. Once paid it will take a few mins to confirm on the network. Confirmations are not controlled by us, bitcoin or ethereum confirmation are done by the network that takes care of this. Bitcoin is set to 2 confirmation and ethereum to 10 confirmation. We wanted to start of with providing you this solution so you can easily topup or pay your postpaid bills via btc or eth no matter which country you are in or even while you are travelling this is an easy solution.

Easyloads-invoice

Bitcoin

What Is Bitcoin?

bitcoinpk-blog

This is a question that is very hard to answer.  There is a lot of material to cover here, its so huge that Andreas M.Antonopouos has written a whole book on what it exactly is. Which recently had a second publication to it. The book is titled Mastering Bitcoin and is highly recommended to be read to understand in depth of what it is and what are its implications.

Some of the context that I write here will be taken from that plus combined with our own understanding of what bitcoin is and why it matters to Pakistan.

Bitcoin is a collections of concepts and technologies, which forms the basis of money ecosystems. In addition, its a system that allows boarder-less transfer of value. While most people call bitcoin a currency or money, its much more than that. Its a technology that forms the basis of transparency,  verification and accountability over a trust-less network. This is a lot to take in initially, but as you will start to have the understanding of btc(bitcoin) you will realize its importance as a technology.

Right now the bitcoin network is the biggest network in the world its more then 20 times the combined power of worlds top 500 super computers and increasing on a daily basis. This in turn makes it the most secure network in the world.

How Bitcoin works?

This is actually very interesting. Now a days there is lot of buzz in the market about “blockchain”, well this is a concept that Satoshi Nakamoto deployed through his white paper in 2008 which is now known as bitcoin.

He designed a software which was open source that would keep a public record of all transactions on a ledger. What that means is that once a transaction is written to the ledger there is no way to re-write it. The ingenuity of this was defined in the white paper which published by Satoshi in a system called POW or proof of work.

The idea was to let people provide hashing power to solve a mathematical formula that became more difficult with time and speed put towards it. This way whoever solved the formula first would be rewarded in this case with bitcoin and then write that transactions to the blockcahin. This bitcoin blockchain would then be replicated by all servers (called nodes) who ran a copy of the bitcoin wallet. This formed the basis of the first truly decentralized fair ledger which could be verified.

Unlike traditional currencies, bitcoins are virtual, while they can be printed on paper wallets they are non existent physically. However, bitcoins can be mathematically proven to exist. This is a concept that is very important to grasp. So to understand this you can move with your bitcoins in your pocket.

So if you reside in Pakistan that means the bitcoins are physically present here in a virtual setting in your wallet, If you lose this wallet they are gone forever. This can however be setup with online wallets but that bring the risks of the site (wallet site being hacked, we will get into details about securing bitcoins in another blog). For now its important that you realize that bitcoin can be kept in online wallets, offline wallets, multi-sig wallets or paper wallets. There might be other means but these are the most common ones.

How to buy or sell bitcoin in Pakistan

This is a common question and asked many times. There are multiple ways to buy and sell bitcoins in Pakistan. First we must understand that bitcoin is a decentralized commodity hence its price is dependent on the supply and demand.

What this means is that if you try to buy bitcoin and there is only one seller with bitcoin available right now in Pakistan he can demand whatever he wants and if you still need it you will have to pay the price he is willing to offer. At the same time there can be a seller who is looking to sell as he needs fiat like PKR for some need, but if there is only one buyer then he has to sell it at whatever the price the the buyer is willing to buy at.

So in this sort of way it works like an open market similar to that of gold where supply and demand usually depicts the rates of bitcoin. In Pakistan bitcoin or btc is very new hence the bitcoin to PKR price varies from where you buy it. Currently there are 5 methods to buy btc or sell btc in Pakistan.

You can use an order-book based trading platform urdubit, localbitcoins, remitano, MyCelium wallet or bitcoinpk through a credit card (the cost of using bitcoinpk.com with a credit card is not recommended as the price is too high due to charge-back risk). This is basically how the price of bitcoin is set. I will be covering each one individually to convey the proper understanding of them and how to use them in the future.

The Vision of Bitcoin Pakistan

INTRODUTION

Bitcoinpk vision is to introduce bitcoin, blockchain, crypto and ICO (Initial Coin Offering) in Pakistan and provide the same to the world.  The idea is to provide you a one stop solution to anything crypto, or digital crypto asset related.  We started this website about 4 years ago as a community based organisation, which hoped that people would come and help each other in teaching each other.  Back in 2013 it was too early, which made us realize that there is not enough people that actually really understand the true implication of what makes bitcoin great. This made it very hard to convince people that bitcoin was a thing for the future rather then a scam.

Today not only people are realizing what bitcoin is, but its popularity in world wide is increasing at a very rapid rate. To educate masses on this technology, we decided to re-amp the website with a modern design and integrate direct buying and selling of altcoins through services such as changelly  and shape-shift(coming soon).

START OF A NEW ERA OF BITCOIN PAKISTAN

We have already introduced the first step towards this new beginning. By integrating mobile easyloads through bitcoin, ethereum (eth)  and also allowing you direct buying selling of major crypto through changelly services. In the future we would like to add scam updates as we want people to understand, earn and profit from this system rather then the lose of money through scams.

Bitcoin is a system, a commodity and a currency combined in one and bitcoinpk.com is going to be the site that’s going to move it forward with the help of the community.  We would be happy to touch base with you and more then obliged to have discussions regarding btc, ltc, eth or any other crypto and arrange meet-ups or provide mining information in Pakistan. The eco-system of Bitcoin is only on the verge of exploding in Pakistan and soon you will have a lot more people talking about it, using it for much more then just speculative commodity.