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>Who exactly will be making money? The holders obviously. Bitcoin allows any Indian with a cellphone to easily exploit global arbitrage opportunities (BTC/INR
by ashwagary 5y ago
>Who exactly will be making money?
The holders obviously.
Bitcoin allows any Indian with a cellphone to easily exploit global arbitrage opportunities (BTC/INR and */INR to /) , bypass capital controls, and save money in a medium that the Indian government cannot debase. At least a few million people (especially the international traveler class) will find these characteristics extremely valuable whatever the status of local regulation.
- mise_en_place 5y agoForgive me for being skeptical, but I’ve never seen Bitcoin used as a medium of exchange. You could argue it’s a store of value, but that’s also contentious. In the last year, it’s back to its original price. So much for being an inflation hedge.
- ashwagary 5y ago>In the last year, it’s back to its original price. Ignoring the 6,000,000x return over the last 12 years to make a point about it being flat in the short term? Not a great counter attempt.