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by brabel
1172 days ago
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From your linked article on Russian opposition: "We use bitcoin because it’s a good legal means of payment. The fact that we have bitcoin payments as an alternative helps to defend us from the Russian authorities. They see if they close down other more traditional channels, we will still have bitcoin. It’s like insurance." They even use Paypal and card transfers for donations... Bitcoin is just another payment they accept in the hope it will be hard for the government to block funds... but they don't say it anywhere that's been the only way, or the best way to do that, it's just one of the ways they're looking and so far has not been shown to be more government-resilient as I am sure getting the money out from the blockchain is not going to be easy if the Government doesn't like the idea... you make it look like Bitcoin is their saviour or something which is a gross misrepresentation. |
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Sure but if it wasn't significant, they wouldn't have mentioned it.
> so far has not been shown to be more government-resilient as I am sure getting the money out from the blockchain is not going to be easy if the Government doesn't like the idea
It seems you have no idea how bitcoin works then. All you have to do is memorize 12 words. You can then take your wealth to many corners of the world, some of which will be free from the tyranny of your government and still have an ecosystem which will let you cash out your bitcoin for the local currency. A good example - Dubai, where a lot of real estate is being purchased in crypto by the Russians fleeing the war.