Quote from: adzino on August 24, 2019, 02:16:48 PM

Quote from: Mor254 on August 21, 2019, 10:30:43 AM

To what extent will the economic war (between the US and China) affect its future impact on the bitcoin?
Will these countries resort to bitcoin to maintain their economic strength? And avoid economic sanctions among them?
Will Bitcoin succeed in maintaining its strength and stability as it is not under central authority?

I am just wondering how you are comparing economic war (that is the sanction) with the price of bitcoin. You need to have a better understanding of economic sanction, then you will understand why i said this. Economic sanction means imposing trade barriers between two countries. This does not only mean ban of transactions between countries. If there is an embargo, then no way products can be transferred from one country to another country. I mean imports and exports will be strictly banned through any means of transportation. If this occur, how is bitcoin going to help in this case?

I think bitcoin is helpful for a sanctioned country. Bitcoin cannot solve all the problems of a sanctioned country. But at least it can simplify evading sanctions. Usually bank sanctions are the most strict sanctions. All bank transactions are traced by United States government. But the government is not able to trace every transportation. The biggest difficulty of a sanctioned country is evading bank sanctions.
If sanctioned are imposed to country, no bank will make the transactions for what they buy or sell. If this problem is solved, be sure they will find a way to shift the goods overseas. Countries usually do not sell goods to sanctioned countries, because they cannot be paid. If they can be paid, be sure they themselves help the sanctioned country shift them.