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A comment on Ask HN: What is the reason behind the rise of cryptocurrency?.

Re:Ask HN: What is the reason behind the rise of cryptocurre... by Finnucane on Tuesday December 12, 2017 @03:48PM (#15909309)
>Also, what justifies Bitcoin's value at ~17k ?

Rich people in non-democratic countries worried about currency export controls and sanctions. Other methods of parking money externally (real estate, etc.) are subject to restriction and seizure.

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Re:Ask HN: What is the reason behind the rise of cryptocurre... by phoe17 on Tuesday December 12, 2017 @03:55PM (#15909364)
Isn't the high volatility a major drawback to this use-case?
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Re:Ask HN: What is the reason behind the rise of cryptocurre... by __sha3d2 on Tuesday December 12, 2017 @04:27PM (#15909647)
The volatility is supposedly temporary
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Re:Ask HN: What is the reason behind the rise of cryptocurre... by throwaway2048 on Tuesday December 12, 2017 @04:28PM (#15909659)
if you cant move out money at all, you will happily take a rather large haircut to be able to do so.
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