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What you outline is the libertarian/neoliberal case for crypto, and while more coherent (and is built into the currency with the whole "fixed total supply" stru
by Certhas 9y ago
What you outline is the libertarian/neoliberal case for crypto, and while more coherent (and is built into the currency with the whole "fixed total supply" structure) it seems to me no less of a fantasy.
The state can damn well impose capital controls and confiscate accounts. You transfer the money elsewhere continue to use it? The state now has perfect transparency to see that. Did you own any assets in the country you're fleeing? They're confiscated. Does the state you're fleeing to have an extradition treaty with the state you're coming from? To bad. You refuse to hand over the account that has been confiscate? You go to jail until you do.
Just carrying gold seems a better choice if that's your game plan.
However, I haven't heard that case that much (and never as explicitly as you put it here).
- ric2b 9y agoYou can be pseudo-anonymous with Bitcoin, if you know what you're doing. You can use Monero if you want to keep your balance and transactions truly private.