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> Try being a Lebanese or Turkish or any of dozen African countries with hyperinflation. Aren't you arguing in favour of capital flight instead of crypto? htt
by fivea 5y ago
> Try being a Lebanese or Turkish or any of dozen African countries with hyperinflation.
Aren't you arguing in favour of capital flight instead of crypto?
https://en.wikipedia.org/wiki/Capital_flight https://en.wikipedia.org/wiki/Capital_flight
> BitCoin allows kind of international currency bank account for everyone and anyone who needs it for minimal cost.
That doesn't really explain why should, say, Sweden or the EU be forced to pay, say, Turkey or Lebanon's ecological footprint of it's capital flight.
- _aavaa_ 5y ago> That doesn't really explain why should, say, Sweden or the EU be forced to pay, say, Turkey or Lebanon's ecological footprint of it's capital flight. It is Turkey and Lebanon today, it was Greece yesterday, it could be Sweden tomorrow. Banning it now means it won't be there if it's needed in the future.
- riedel 5y agoThat's we we have the Euro, so we do not need some shady escape path to hypecapitalisms to a currency controlled by only by some people with money who do not care about the environment. I think it is time for governments to monitor and tax the trading of any unregulated currencies above small amounts and particularly raise import taxes to compensate for any CO2 emissions. I have no clue why legislators are so hesitant. IMHO negative effects on the economy would be unnoticeable.
- Notanothertoo 5y agoCause the euro is solid and isn't going anywhere... Greece like situations have been regulatory fixed and countries other than Germany are paying the bills. Except not. The EU was desperate to find another financial supporter hence the failed bid calling for the death of the pound. That didn't happen, the euro is on its way out and has been.