There are all kinds of problems with existing currencies. Ask a Russian if they're feeling good about the recent fluctuations in the value of the ruble. It's t

There are all kinds of problems with existing currencies. Ask a Russian if they're feeling good about the recent fluctuations in the value of the ruble. It's telling that some Russians consider Bitcoin to be more stable than their national currency! Ask an Argentinian if they're happy with the currency controls their government has imposed on them.[1]: –In the U.S., bitcoin payment processors generally find merchants want them to immediately convert their bitcoins into dollars. In Argentina, the exact opposite occurs. Firms such as San Francisco-based BitPagos will take the dollars received by tourism industry clients in Buenos Aires and deliver them bitcoins in return. That their clients are opting for this says much about Argentina’s dysfunctional financial system and bitcoin’s potential to provide an escape route for citizens of countries with strict currency controls. Those are just two quick examples. [1] http://blogs.wsj.com/moneybeat/2014/06/25/bitbeat-why-bitcoins-scoring-goals-in-argentina/ http://blogs.wsj.com/moneybeat/2014/06/25/bitbeat-why-bitcoi...