Quote from: MJK_Anfaenger on May 11, 2018, 09:35:37 AM

With the amount of conspiracy posts and posts that are neither serious nor discussions reaching another high in this board, I wanted to direct your attention to some very interesting current crypto-related events in Iran. Apparently Iranian citizens are turning to crypto to move assets out of the country, due to the sanctions and the Iranian currency Rial losing value. According to this article it's about $2.5 billion so far.

As unfortunate the whole thing is for Iranian citizens affected, I think it highlights even to a layman that crypto is not some kind of toy and in some cases even a more attractive way to store value than the currency of a country. A country with serious economic problems, but still, a country, with central banks and everything.

With lots of people basically being forced into crypto and having to rely on it for everything from storing their life saving to business dealings, I also think this might be some sort of use case for Bitcoin and crypto as a serious business currency. What do you think?

Many moons ago I had an unforgettable experience of living in a country that had a nearly worthless currency so every bit of savings went into foreign currencies like USD, or into gold etc. It was semi-illegal too, e.g. USD could not be used as legal tender but of course everybody was using it in private transactions. Having something like Bitcoin would have been awesome. Volatility of Bitcoin prices is a walk in the park compared to 500% inflation. Iran alone may not have a huge impact but there are many other monetarily-challenged places in the world that may help bring Bitcoin to the masses.