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I fail to see how crypto-speculators making large sums of USD has anything to do with oppressive regimes.
by shmageggy 9y ago
I fail to see how crypto-speculators making large sums of USD has anything to do with oppressive regimes.
- kibwen 9y agoThough perhaps contrary to your parent commenter's point, the North Korean regime appears to be using Bitcoin speculation to circumvent international sanctions, making as much as $200 million last year ( which would be about 1.5% of its GDP, or 10% of its military budget): https://www.telegraph.co.uk/news/2018/03/05/north-korea-may-have-made-much-200-million-bitcoin-according/ https://www.telegraph.co.uk/news/2018/03/05/north-korea-may-...
- notahacker 9y agoThere's also Venezuela, a rare example of the hyperinflationary failed state cryptolibertarians insist their project is designed to combat, launching its own sort of cryptocurrency project as a way to get more dollars from foreign suckers so it can continue to import the stuff its leadership wants.