4 ms·

Shifting the goal posts isn't the win you think it is. We're talking about a specific context.

eru 5y ago
See my update. Basically, anyone powerful enough to rob a country wouldn't really be subject to captial controls anyway. Unless of course you want to blame the kulaks, and not the people with connections to government of robbing the country.
- meheleventyone 5y ago
  The method doesn't really matter, the capital flight is still bad and if this is the case Bitcoin has no advantages then Bitcoin is even more useless for this context.
  - eru 5y ago
    I'd say in the best case Bitcoin allows people who are not connected to the robbing elite that runs the country to take some capital out of the country. That would be a good thing. (I don't think Bitcoin is actually all that impactful in the real world one way or another.)
    - bratwurst3000 5y ago
      Those not robbing the country are those who are to poor to move money to another country. First of all because they dont have money and second they are too poor. Where should they go? A first world country where their 2 cents aint worth shit?
      - eru 5y ago
        > Those not robbing the country are those who are to poor to move money to another country. Let's look at some real world countries. Places like Venezuela and Syria used to have reasonable approximations of middle classes before they turned into hell holes. Middle classes that lived off honest work. > Where should they go? A first world country where their 2 cents aint worth shit? First, the price level differences between poor and rich countries aren't that large. Second, even if they were, you could still go to another country with a low price level that was better run. Eg moving from Venezuela to Bangladesh would be an improvement. Third, if you come from a poor country and manage to first world country, the real price is that your labour will be much more productive there. To illustrate the first and third point, just look at all the people who come from poor countries and move to the US illegally. The jump in earnings is so large, that they even endure illegality and working menial jobs.
  - naveen99 5y ago
    How do you feel about immigration ? Or about international remote work ? Or exports of any kind, or globalization of any kind ? It’s all equivalent to capital flight at scale. Capital like knowledge wants to be free.

eru 5y ago

See my update. Basically, anyone powerful enough to rob a country wouldn't really be subject to captial controls anyway. Unless of course you want to blame the kulaks, and not the people with connections to government of robbing the country.

meheleventyone 5y ago
The method doesn't really matter, the capital flight is still bad and if this is the case Bitcoin has no advantages then Bitcoin is even more useless for this context.
- eru 5y ago
  I'd say in the best case Bitcoin allows people who are not connected to the robbing elite that runs the country to take some capital out of the country. That would be a good thing. (I don't think Bitcoin is actually all that impactful in the real world one way or another.)
  - bratwurst3000 5y ago
    Those not robbing the country are those who are to poor to move money to another country. First of all because they dont have money and second they are too poor. Where should they go? A first world country where their 2 cents aint worth shit?
    - eru 5y ago
      > Those not robbing the country are those who are to poor to move money to another country. Let's look at some real world countries. Places like Venezuela and Syria used to have reasonable approximations of middle classes before they turned into hell holes. Middle classes that lived off honest work. > Where should they go? A first world country where their 2 cents aint worth shit? First, the price level differences between poor and rich countries aren't that large. Second, even if they were, you could still go to another country with a low price level that was better run. Eg moving from Venezuela to Bangladesh would be an improvement. Third, if you come from a poor country and manage to first world country, the real price is that your labour will be much more productive there. To illustrate the first and third point, just look at all the people who come from poor countries and move to the US illegally. The jump in earnings is so large, that they even endure illegality and working menial jobs.
- naveen99 5y ago
  How do you feel about immigration ? Or about international remote work ? Or exports of any kind, or globalization of any kind ? It’s all equivalent to capital flight at scale. Capital like knowledge wants to be free.