|
Title: Bitcoins speculative value as a capital control bypass tool Post by: necrita on May 08, 2015, 05:18:16 AM Do you guys think that we can assign a major baseline speculative value to Bitcoin for its ability to bypass capital controls?
Is there any other instrument or technology that facilitates the above? In my mind there are speculative values for it that can be attributed to its store of value functionality, transaction float etc of which the above functionality is probably something we grossly underestimate. Title: Re: Bitcoins speculative value as a capital control bypass tool Post by: rebuilder on May 08, 2015, 05:58:36 AM The problem is, you first have to either have or buy BTC to bypass capital controms with it. To analyze any baseline valuayion you have to look at what that means in practice.
Title: Re: Bitcoins speculative value as a capital control bypass tool Post by: lay785 on May 08, 2015, 06:07:26 AM The problem is, you first have to either have or buy BTC to bypass capital controms with it. To analyze any baseline valuation you have to look at what that means in practice. or buy mining equipment and pay your electric company :)Title: Re: Bitcoins speculative value as a capital control bypass tool Post by: randy8777 on May 08, 2015, 09:09:33 AM The problem is, you first have to either have or buy BTC to bypass capital controms with it. To analyze any baseline valuation you have to look at what that means in practice. or buy mining equipment and pay your electric company :)mining bitcoin won't get you bitcoins easier. why investing in something that might not even give you roi. not a very convenient option. Title: Re: Bitcoins speculative value as a capital control bypass tool Post by: elux on May 08, 2015, 11:18:14 AM Do you guys think that we can assign a major baseline speculative value to Bitcoin for its ability to bypass capital controls? Yep. Is there any other instrument or technology that facilitates the above? Gold. As much gold as you can carry. But gold is heavy. And gold is not very inconspicuous. Which can make it an inferior good, in this respect. Consider Rwanda (1994) Consider Jugoslavia (1992) Consider The Iron Curtain Consider World War II Sometimes you just want to get your family on a boat and GTFO. Bitcoin could be a life-saving technology. Title: Re: Bitcoins speculative value as a capital control bypass tool Post by: NUFCrichard on May 08, 2015, 12:02:10 PM Apparently diamonds are increasing popular for just the reasons that you stated.
The 1% can't carry $1mil of gold with them when they fly to their island, but a $1mil diamond can easily fit in your pocket and doesn't beep when you go through the metal detector either. I agree that bitcoin works too though, but diamonds would be the current alternative. |