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The worry is that you'll go to sleep one night and in the morning you'll find that the government has ordered the banks to convert your Euros into Drachmas at a
by Symmetry 11y ago
The worry is that you'll go to sleep one night and in the morning you'll find that the government has ordered the banks to convert your Euros into Drachmas at a 1:1 ratio. And if that should happen it'll be easier to exchange Bitcoin for Euros than what's in your bank.
There's no reason to use Bitcoin for any legal good if you're in a normal country. It's when you've got the sort of situation they've got in Greece or you're in China and want to invest your money in overseas or you're in Argentina and worried that the government might seize your bank account that makes Bitcoin look interesting.
As a resident of the US who doesn't use drugs I don't have any reason to touch Bitcoin. But other people are in different situations. I do think that people's hopes of a dramatic rise in the price of Bitcoins are drastically overstated, though.
- StavrosK 11y ago> The worry is that you'll go to sleep one night and in the morning you'll find that the government has ordered the banks to convert your Euros into Drachmas at a 1:1 ratio. If it gets to that point, it's already too late. Opening a bank account in another european country is about as time-consuming as getting Bitcoin, though, and generally a much better option.