Quote from: stompix on December 13, 2013, 11:58:27 PM

Quote from: Cunningham on December 13, 2013, 01:10:26 AM

India Catches Bitcoin Fever
http://blogs.wsj.com/indiarealtime/2013/12/12/bitcoin-fever-catches-on-in-india/

It has begun. Wink

I can see another China madness , with no actual demand other than speculation backing it up.
What's next , Brazil?

While I agree that China and some other countries have non transactional demand for bitcoin, I think it is easy to underestimate the other uses.

Any country with currency controls can use bitcoin for non-speculative demand to avoid said controls. (And that is many countries.). Likewise any country with any non trivial rate of inflation can use bitcoin as protection from it. And this too is many countries.

Protection of wealth either by removing it from the jurisdiction via bitcoin or by merely converting it is an important use case. :-)