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I don't buy the perfect means of evading capital control argument. Look the mirror trading that a bunch of billionaires used to evade capital controls in Russia
by bradleyjg 9y ago
I don't buy the perfect means of evading capital control argument. Look the mirror trading that a bunch of billionaires used to evade capital controls in Russia: https://www.bloomberg.com/news/articles/2017-06-28/how-mirror-trades-moved-billions-from-russia-quicktake-q-a https://www.bloomberg.com/news/articles/2017-06-28/how-mirro...
It also just involved a click of a button. Nonetheless it was uncovered.
Too often would be cypher-anarchists forget about rubber hose cryptoanaysis. And unlike gold, bitcoin are fundamentally non-fungible and traceable.
The biggest advantage gold has over bitcoin is 5000 plus years of history as a store of value. The biggest advantage bitcoin has over gold is its immateriality. Personally I think the former outweighs the latter (no put intended).