Someone has finally managed to find a decent economic use for Bitcoin. This isn't what those of us interested in the nitty-gritty of economics ever really expected, to be quite frank.
All of which makes sense given the porous ban on exporting capital from China. (Even LakeBTC, a bitcoin exchange headquartered in Shanghai, is seeing a 40% increase in visitors using computers in Greece.)
Of course, he billionaires aren't having such problems but China's economic development has been so staggering that there's a vast middle class there now.
That is, people who really wouldn't mind getting a few tens of thousands of $ out of the country and into somewhere where you know that the law allows you to keep your own money. Once you're actually in that alt-coin world those bans on moving money across borders rather disappear.
[...]
http://www.theregister.co.uk/2015/07/16/bitcoin_fixes_one_greek_problem_but_not_greeces_problem/
But in the end of article, the author assumes that Assuming, that is, that one ends up using whatever tiny portion of the alt-coin universe that is not simply an out-and-out scam.
