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Author Topic: [2015-10-19] Research: Bitcoin Price Higher Where Economic Freedoms Are Low  (Read 491 times)
tyz
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October 19, 2015, 06:19:19 PM
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New academic analysis has identified that the value of bitcoin is increased in countries with reduce degrees of economic freedom.

http://www.coindesk.com/research-bitcoin-price-higher-repressed-countries/

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October 19, 2015, 11:56:56 PM
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Yes obvious...

I really love when I get half of my income stolen, then my bank account being frozen for no reasons,then thousands of pages of regulations, then taxes upon taxes, and no free markets...

Oh wait. I don't. So yeah, bitcoin is the digital messiah Smiley

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October 20, 2015, 07:11:59 AM
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You will also find that these countries will also be the first countries where Bitcoin will be over regulated or banned.
Currently, Iceland, Bolivia, Ecuador, Kyrgyzstan and Vietnam are the only countries that seem to have some level of bitcoin ban in place, but this might have changed.

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

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October 20, 2015, 07:30:56 AM
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More capital controls = More bitcoin adoption

If people need to transfer funds abroad and or make purchases online they will find a way to do it. If capital controls do not allow them to do that they will look for alternatives and at this stage bitcoin is one of those alternatives.

Guess the next 'logical' step for any country where capital controls have been implemented is to ban other forms of 'capital' like bitcoin and or to regulate it in such a way and form that its just no longer a viable alternative.
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October 20, 2015, 10:11:41 AM
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More capital controls = More bitcoin adoption

If people need to transfer funds abroad and or make purchases online they will find a way to do it. If capital controls do not allow them to do that they will look for alternatives and at this stage bitcoin is one of those alternatives.

Guess the next 'logical' step for any country where capital controls have been implemented is to ban other forms of 'capital' like bitcoin and or to regulate it in such a way and form that its just no longer a viable alternative.

The large wealthier countries don't see Bitcoin as being a threat in any way, at the moment. That will surely change when the adoption rates are going through the roof. They will implement such rules that as you say Bitcoin isn't that interesting anymore as alternative for several purposes. But for all this to happen it may still take around 10 years before they are that far to start rolling out their ridiculous policies.

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October 20, 2015, 10:20:48 AM
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More capital controls = More bitcoin adoption

If people need to transfer funds abroad and or make purchases online they will find a way to do it. If capital controls do not allow them to do that they will look for alternatives and at this stage bitcoin is one of those alternatives.

Guess the next 'logical' step for any country where capital controls have been implemented is to ban other forms of 'capital' like bitcoin and or to regulate it in such a way and form that its just no longer a viable alternative.

The large wealthier countries don't see Bitcoin as being a threat in any way, at the moment. That will surely change when the adoption rates are going through the roof. They will implement such rules that as you say Bitcoin isn't that interesting anymore as alternative for several purposes. But for all this to happen it may still take around 10 years before they are that far to start rolling out their ridiculous policies.

Well not so fast, politicians already accept donations through bitcoin , so they already found a useful way to use it: for bribery.

Yes what can a totally unaccountable politician wish for: an untraceable currency with which to get his bribe. Don't worry guys they won't ban it, it's their game now Cheesy

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October 20, 2015, 11:41:13 AM
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Well not so fast, politicians already accept donations through bitcoin , so they already found a useful way to use it: for bribery.

Yes what can a totally unaccountable politician wish for: an untraceable currency with which to get his bribe. Don't worry guys they won't ban it, it's their game now Cheesy

Very true, never thought of it that way  Cheesy

So bitcoin might just become the 'currency' of choice for the political elite
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October 20, 2015, 12:24:46 PM
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Well not so fast, politicians already accept donations through bitcoin , so they already found a useful way to use it: for bribery.

Yes what can a totally unaccountable politician wish for: an untraceable currency with which to get his bribe. Don't worry guys they won't ban it, it's their game now Cheesy

Very true, never thought of it that way  Cheesy

So bitcoin might just become the 'currency' of choice for the political elite

Well not for all of them, there is always opposition (those that are closer to the banks and get feeded from them directly, while the bank is in opposition to crypto).

But if they really go through with their banning cash agenda, then the bribery would be more traceable. Currently they just use envelopes or suitcases for bigger deliveries, and its untraceable. However if they ban cash, then it will become traceable, and even if they bribe the bank to keep their transactions "off the books" , I doubt they will get away with it, as there is civil war between politicians too, and 1 will fight to get the other in jail.

So to completely avoid it, some of the clever ones, have already thought about if they could just use Bitcoin for their shady deals.

I mean just look at USA, first thing they did was to accept BTC as election money (not because there were so many bitcoiners eager to donate to them, but because they will probably get some dirty funds that way), the same thing happened lately in Australia, and probably in other places too.

These politicians are very sneaky opportunists, finding every opportunity to make a buck.

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October 20, 2015, 01:31:51 PM
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Well not so fast, politicians already accept donations through bitcoin , so they already found a useful way to use it: for bribery.

Yes what can a totally unaccountable politician wish for: an untraceable currency with which to get his bribe. Don't worry guys they won't ban it, it's their game now Cheesy
Politicians would accept donations through dark magic if that would help them dominate. And be wary that politics and finance worlds are connected.
If bankers say that bitcoin is threat for 'economic system' politicians would ban bitcoin the very next day.
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October 20, 2015, 08:14:08 PM
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Well not so fast, politicians already accept donations through bitcoin , so they already found a useful way to use it: for bribery.

Yes what can a totally unaccountable politician wish for: an untraceable currency with which to get his bribe. Don't worry guys they won't ban it, it's their game now Cheesy
Politicians would accept donations through dark magic if that would help them dominate. And be wary that politics and finance worlds are connected.
If bankers say that bitcoin is threat for 'economic system' politicians would ban bitcoin the very next day.

But things are not as unified as you think. There are factions, between bankers and between politicians.

They hate eachother, and if 1 group does adopt bitcoin, that doesnt mean that the others will like it, but there will be some support for it dont worry.

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