[pjc50]

This is basically the valid use case, yes. It turns the bitcoin goldbug inflation paranoia on its head: the stable currency is defined to be the US dollar, and an elaborate proxy system allows people to access that stability when their local government doesn't want them to. Circumventing exchange controls and so on.

Although the current government is having a good go at reducing the value of the currency, it's barely budged on the chart.

[baq]

> Circumventing exchange controls and so on.

This is the only new thing. Maybe.

[datadrivenangel]

Also it takes on the mobile phone money providers with direct 'dollars', which means it basically becomes a currency denominated bank.