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[–] o0shad0o 0 points 3 points (+3|-0) ago 

I wholeheartedly disagree. It has nothing to do with how corrupt banks are generally. It has a bit to do with the value of government-issued currencies being manipulated by central banks and being at the mercy of the governments, which have ruined their own money by turning on the printing presses and printing more banknotes until they're worth less than the same volume of toilet paper. It mostly has to do with governments restricting the ways money can be used, and yes, it works well with the black market because that's what many of those restrictions are aimed at.

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[–] BlowjaySimpson 0 points 2 points (+2|-0) ago 

This is exactly it. The price of bitcoin right now is a direct reflection of our failed fiat central bank systems.

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[–] o0shad0o 0 points 1 point (+1|-0) ago 

Uhhhh, no, that's a bit of it, that's what inspired the idea of cryptocurrency, and is a reason why some people are buying and holding some bitcoin; and some people are buying bitcoin as an "investment" because they're idiots, relying on the price to go up; that's like calling cash under the mattress an "investment" and not "savings". But the main value behind money of any sort is its utility, and people buy bitcoin because it's useful to buy things in ways credit cards or banknotes or gold coins don't work or don't work as well.

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[–] salvia_d [S] 0 points 1 point (+1|-0) ago 

Agreed that government control is a huge part of it as well. Earlier in the video, at around 33:02 or so, governments and corporation preventing funds from flowing into Wikileaks was a major issue and pushed more people towards cryptocurrencies.

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[–] llegendary ago 

Even the process that you describe is corrupt.....and illegal.