> What if that person was unimpressed by Bitcoin 5 years ago, could you explain what changed in the last 5 years (again, not mentioning change in price) to change their opinion of bitcoin?
More liquidity allows people to get their money of their home currency and evade capital controls. In places like Argentina you're forced to use and hold a currency that's depreciating 50% a year. You get one exchange rate, while foreigners get another. And to top it off you're not allowed to hold USD or another stable currency.
Sure it would be great if they got rid of capital controls but that's not the reality and people in these countries have to live with it.
This was telling from the article:
>> Citizens moving money out of authoritarian regimes. This is, by definition, illegal, but is it a net benefit to society? I don’t know. Maybe sometimes.
I don't know where the author is from but I am almost certain he doesn't live in an authoritarian regime with capital controls. To be so flippant about basic rights that people in developed countries have access to is really off-putting.
More liquidity allows people to get their money of their home currency and evade capital controls. In places like Argentina you're forced to use and hold a currency that's depreciating 50% a year. You get one exchange rate, while foreigners get another. And to top it off you're not allowed to hold USD or another stable currency.
Sure it would be great if they got rid of capital controls but that's not the reality and people in these countries have to live with it.
This was telling from the article:
>> Citizens moving money out of authoritarian regimes. This is, by definition, illegal, but is it a net benefit to society? I don’t know. Maybe sometimes.
I don't know where the author is from but I am almost certain he doesn't live in an authoritarian regime with capital controls. To be so flippant about basic rights that people in developed countries have access to is really off-putting.