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Tell that to people in Nigeria, Venezuela and Argentina that have no control over their money. In Venezuela there is absolutely absurd inflation number there:
by dadoge 5y ago
Tell that to people in Nigeria, Venezuela and Argentina that have no control over their money.
In Venezuela there is absolutely absurd inflation number there: like over 1,000%.
Argentina it’s over 30% each year for several years.
Bitcoin is a tool against oppressive governments
- zx2391 5y agoTrue, and people can use it today, that's for sure.
- rossjudson 5y agoSure, fantastic. Why should it be legal to exchange bitcoin for US$? Or euros?
- qualudeheart 5y agoThat sounds like a burden of proof shift. Why should that be illegal in the first place?
- deleted 5y ago[deleted]
- rossjudson 5y agoBecause it's used to launder money for crime, destroy the environment, and supports the cringiest, most juvenile libertarian derp (thanks Krugman!) about freedom from the tyranny of money banking government taxes or whatever.
- qualudeheart 5y agoWell, as Rothbardian I think that would be an acceptable cost even if it were empirically true enough to matter.
- hervature 5y agoYou should actually talk to people from those countries. The minority of them are doing anything substantial in crypto. Only those fortunate enough to transact with a foreign entity. The others use the much more robust system of bartering.
- jedberg 5y agoOr just using black market USD or EUR.