Re:Leveraging Bitcoin to Solve Venezuela’s Hyperinflation
by SadWebDeveloper on Friday February 16, 2018 @04:03PM
(#16396228)
You forget to add A and B scenarios to your conclusions....
A) Criminals/Bitcoins-enthusiasts/elites leave the country for the next unregulated paradise.
B) Criminals/Bitcoins-enthusiasts/elites overthrown the government due to strict policies regarding free trade.
The government can't enforce a laws by itself it needs his citizens to abide by those rules.
Re:Leveraging Bitcoin to Solve Venezuela’s Hyperinflation
by _Codemonkeyism on Friday February 16, 2018 @04:06PM
(#16396266)
The Venezuelan government killed [1] 163 people who believed in scenario B.
Re:Leveraging Bitcoin to Solve Venezuela’s Hyperinflation
by SadWebDeveloper on Friday February 16, 2018 @04:30PM
(#16396548)
American Revolutionary War death toll 25,000 people who believed in scenario B
Then they can't easily control Bitcoin.
Then they will increase prison sentences for owning Bitcoins and Bitcoin apps.
Then they will not be able to control that.
Then they will monitor the internet for bitcoin transfers.
Then they will outlaw any encryption.
Then they will send out undercover police who try to pay with Bitcoin.
etc.
No government well let anyone take away their privilege to print money.