Sorry to be that guy but do you have a citation for this? I hear it all the time but it makes no sense to me. Can you explain what happens when people receive the bitcoin? For one thing there are frequently 20% spreads in countries that do not have good ways to export their fiat currency, like India, so bitcoin actually doesn't usually end up being cheaper when you consider conversion costs.
> On the opposite side of the spectrum, for the ultra-wealthy, cryptocurrencies offer the ability to place a portion of one's capital in accounts which are not seizable by any means. This is a significant feature of the technology, and coupled with the level of encryption, already represents a small, yet sizable place in the world banking system.
I don't have a dog in the fight of whether or not this is a Good ThingTM, but a lot of people would call this a bug not a feature.