> what’s the use of owning crypto if no one accepts it? I mean, when your currency is being heavily devalued, putting your free cash into anything else is bene

> what’s the use of owning crypto if no one accepts it? I mean, when your currency is being heavily devalued, putting your free cash into anything else is beneficial. The Turkish airbnb hosts I spoke with years ago had euro bank accounts, and immediately fx'ed into euro whenever they got paid. If bitcoin is too difficult to get then Turks will just go back to putting their money into euro. Oh, and they can all still access bitcoin markets in a manner opaque to local government via a trl -> eur -> btc path, and if they need some local currency, via the reverse. Any Turks in Europe with contacts back in Turkey: you could probably make money facilitating this. > I don’t see how Turkey’s ban is “silly” in anyway. It's silly because it's unenforceable, and trying and failing to enforce unenforceable laws just makes you look weak. The storefront bitcoin brokers in Istanbul will have to shut down, but money is already digital and it's going to flee a sinking lira whether it's into crypto, foreign exchange, real estate, precious metals, art, or whatever. If governments are so powerful, why would they ever feel the need to ban cryptocurrency? If they are not so powerful, how could they possibly succeed in banning them?