Post
Topic
Board Bitcoin Discussion
Re: When western countries introduce capital controls
by
Lexi Price
on 25/04/2015, 22:58:34 UTC
The 64BTC question though is how to decentralize and deregulate the exchange options - because those controls can kill domestic currency exchanges in any nation. There has to be some protocol developed to bypass this entirely. The closest would be the local bitcoin trading option. We genuinely need a real trustless format to exchange any currency anywhere to bitcoin and make it untraceable.

Government control over domestic currencies can become so bad that no business will touch bitcoin which kills its capacity for mainstream. Otherwise we accept those controls. What's a real solution?