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> the ability to exchange them back out for US dollars. Crypto is extensively used to bypass capital controls imposed by many countries precisely because it's
by nroets 4y ago
> the ability to exchange them back out for US dollars.
Crypto is extensively used to bypass capital controls imposed by many countries precisely because it's so easy send it to a foreign country and exchange them for a currency other than dollars. Think Lira, South African Rand etc.
There's certainly value in the systems. It's the value of the tokens that's uncertain.
- knorker 4y agoI'm not sure if you are for or against cryptocurrencies, since you here explicitly say that the value in the systems is to break (capital control) laws. I honestly can't tell if your comment is satire, because there are actually people making this argument and meaning it.
- xypage 4y agoI don't think their comment is supposed to be for or against, they're just explaining that there is at least one value to it. It might not be a good thing, but it is still a pretty serious value.