[sgeisler]

It's certainly a nice tool if your country is falling apart. Nearly every other asset class is less accessible, transportable or secure against seizure than Bitcoin.

When countries descend into chaos or go full on authoritarian the best option is often to leave, but there might already be capital controls. So what can you take with you? Stocks: good luck if held by a broker in the country. Physical gold or cash: good luck at the border/customs. Foreign accounts: hard to come by for most people even in the first world due to regulations. Any serious amount of money is very hard to move between jurisdictions, especially in times of crisis, through traditional means.

If you believe your host country doesn't own you and you should be able to relocate to wherever you are treated best, Bitcoin can be a good tool if you were unprepared so far (e.g. because you didn't think a crisis could hit _your_ country). This might not be a use case for you today, especially if you are happy with your country and it is stable. But don't discount that the situation of others might differ.

[aww_dang]

>When countries descend into chaos or go full on authoritarian...

The OP is proposing what is arguably an authoritarian prohibition on an entire class of software.

[sgeisler]

That only really works for stable countries anyway. While shit is hitting the fan there will be enough incentive not to care about some silly rule as long as breaking it is not easily detectable. In the worst case trading moves from centralized exchanges to decentralized OTC trades. I don't think any government can really stop Bitcoin at this point.

[reader_mode]

Nah - just banning financial institutions from dealing with it