4 ms·
You say the currency was tightly controlled? So, presumably, the fact that it was hard to obtain foreign exchange or pay for things abroad was a deliberate choi
by FabHK 3y ago
You say the currency was tightly controlled? So, presumably, the fact that it was hard to obtain foreign exchange or pay for things abroad was a deliberate choice by your government, and not a technical problem?
The use case of crypto is the circumvention of regulation. Your story seems to confirm it.
- matt-attack 3y agoCalling it circumvention presupposes that the government is the defacto controller of currency. The position is already heavily biased. The standard means of currency was historically just rare materials with natural scarcity. I could easily say that government backed currencies are themselves a “circumvention” of trading scarce elements.