It's also useful for bypassing currency controls. Some countries have an official exchange rate, but a very different black market exchange rate. In Venezuela

It's also useful for bypassing currency controls. Some countries have an official exchange rate, but a very different black market exchange rate. In Venezuela , local bitcoin sites are selling BTC for the equivalent of over $6000USD at the official exchange rate. If you manage to exchange them without being robbed a few BTC can pay for a hell of a vacation.