A possible way to avoid capital controls in Spain using bitcoin

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Topic: A possible way to avoid capital controls in Spain using bitcoin (Read 674 times)

Bit2Me (OP)

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A possible way to avoid capital controls in Spain using bitcoin

July 05, 2015, 12:24:36 PM

Hi guys,

We just published an article in medium with a step by step guide about one way to protect your savings in a capital control scenario threat with bitcoin by using bitreserve.

What do you think about it?

https://medium.com/@Bit2Me/how-to-avoid-capital-controls-using-bitcoin-621bde6ca839

Thank you! Grin

Bit2Me | Convierte Bitcoins a euros en minutos

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RonPaulBTC

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Re: A possible way to avoid capital controls in Spain using bitcoin

July 26, 2015, 10:18:21 PM

Quote from: Bit2Me on July 05, 2015, 12:24:36 PM

This sounds good, but apparently it needs your phone number, so it's a matter of time the goverment will ask for everyone that used Bit2me and trace all of their transactions throughout the blockchain too and try to find how many btc do they own in total and get all of that taxed.
How to avoid this? I don't think you can freely convert 300 euro worth of BTC daily without any consequences....

johnyj

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Re: A possible way to avoid capital controls in Spain using bitcoin

July 28, 2015, 12:35:36 AM

If everyone start to buy bitcoin each month and accumulate enough bitcoins, then capital control will lose its effect, since then people would be trading things with bitcoin when fiat money is not available

However income is more problematic, if your income is received in form of fiat money, then you are essentially controlled by the fiat money system, there is no escape, since that will remove your income

Why bitcoin will appreciate forever: https://bitcointalk.org/index.php?topic=277275.msg3244038#msg3244038

GaliX

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Re: A possible way to avoid capital controls in Spain using bitcoin

July 28, 2015, 12:56:25 AM

if shit hits the fan like in Greece I don't think people will immediately care about bitcoin... They have much bigger problems then just some fancy intermoney in the end...

However once everything is sorted out people will maybe get interested in Bitcoin ...

Trade: Forex (€/$...) - Stocks(Apple, Google..) - Commodities(Gold, Oil...) and Indices(S&P 500, Dax...)
All with BTCitcoin only ----- https://1broker.com ----- up to 200x Leverage & since 2012 ---

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