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Won't work. They'll just migrate to countries without financial controls. (BTC-e et al.)
by sillysaurus3 9y ago
Won't work. They'll just migrate to countries without financial controls. (BTC-e et al.)
- tCfD 9y agoYou know BTC-e no longer exists and was replaced by a clone called wex, which is linked to a domain in a five eyes jurisdiction (new Zealand), right? Exchanges are a de facto part of every cryptocurrency protocol, you cannot avoid exposure to their downside risk even if you never put a single coin on any of them.
- nawtacawp 9y agoA lot of crypto fans would say you could avoid the exposure once all commerce is conducted without conversion to fiat. To include wages.
- betterunix2 9y agoCool story bro, but most governments would consider that a win -- it pushes the whole thing out of the mainstream. (edit: A win if the goal was to ban cryptocurrencies.)