RE: How Many People are Truly Using Crypto to Avoid Capital Controls?

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How Many People are Truly Using Crypto to Avoid Capital Controls?

in bitcoin •  7 years ago 

Yeah i completely think bitcoin is being used as a store of value, but avoiding capital controls are a bit different. It is happening a bit but I think not yet on a mass scale. I definitely see it working on a mass scale in the future.

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"Avoiding capital controls" sounds like exactly where the regulators are going to lay down their nails and rails. Dumb-ass rich folks may very well screw this whole thing up for everyone.

Too volatile to be considered store of value. Secondly, many people see only solid = material; using something so 'imaginary' might be a huge limit.