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There are a lot of people who live in countries like Argentina where there is no confidence in the currency as a store of value. Bitcoin provides a way for people in these countries to bypass unpopular capital controls.

There are also a lot of people who live in countries with a high rate of fraud or don't have access to banking services or credit cards. Bitcoin, as an extremely cheap and irreversible payment method, would allow them to participate in e-commerce.

It's true that the average law-abiding middle-class American isn't going to see much benefit from Bitcoin but they're a small subset of the population of the world.

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