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The difference I think is that bitcoin allows someone with no connections to bypass capital controls. I'm not saying bitcoin isn't a rounding error, I'm sure ot
by dannyw 9y ago
The difference I think is that bitcoin allows someone with no connections to bypass capital controls. I'm not saying bitcoin isn't a rounding error, I'm sure other priorities (like ICO scams) are at work, but that might be another point.
- jogjayr 9y agoBut someone with no connections would presumably not have that much capital to move either, right? They'd not move much volume even if they bypassed capital controls.
- dx034 9y agoIt can be dangerous though. If suddenly several million citizens start transferring small amounts you can easily get outflows of several billion USD a month. Done by a few that would be an amount easily noticed.