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A comment on China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”. Parent comment

Re:China Bans Bitcoin Executives from Leaving Country, Miner... by dannyw on Wednesday September 20, 2017 @01:40AM (#15291095)
The difference I think is that bitcoin allows someone with no connections to bypass capital controls. I'm not saying bitcoin isn't a rounding error, I'm sure other priorities (like ICO scams) are at work, but that might be another point.
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Re:China Bans Bitcoin Executives from Leaving Country, Miner... by jogjayr on Wednesday September 20, 2017 @02:43AM (#15291325)
But someone with no connections would presumably not have that much capital to move either, right? They'd not move much volume even if they bypassed capital controls.
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Re:China Bans Bitcoin Executives from Leaving Country, Miner... by dx034 on Wednesday September 20, 2017 @09:23AM (#15293427)
It can be dangerous though. If suddenly several million citizens start transferring small amounts you can easily get outflows of several billion USD a month. Done by a few that would be an amount easily noticed.
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