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The people that need it won't sell. Bitcoin is most useful in countries already living under authoritarian rule with no access to traditional banking.

• colinmhayes 5y ago
  Almost none of bitcoins usage is by the people that need it.
  • neb_b 5y ago
    Do you have a source for that?
  • rfd4sgmk8u 5y ago
    What makes you say this? Nigeria, a country with a currency that loses purchasing parity power every year, has the highest per capita usage of Bitcoin in the world. Sounds like the people that need it ARE using it...
    • babypuncher 5y ago
      Are you suggesting that most Bitcoin users live in Nigeria (or a place like it)?
      • rfd4sgmk8u 5y ago
        No? I'm saying that Nigeria has per capita the largest Bitcoin using population on Earth compared to other countries, which is a counterpoint to the argument that people that need it (escaping local currency controls + inflation) are not using it. I am arguing that people that need it ARE using it.
• p_j_w 5y ago
  That is a point in favor of this particular policy idea, though, isn't it?
  • neb_b 5y ago
    How so?
    • p_j_w 5y ago
      If one of the biggest upsides to crypto is that it can be used as an end-run around authoritarian regimes, then a policy proposal that doesn't hurt this while curtailing some of the bigger downsides gets some points in its favor.