6 ms·
how Syrian refugees (or any other people from war torn place) convert their assets to crypto before leaving?
by option 6y ago
how Syrian refugees (or any other people from war torn place) convert their assets to crypto before leaving?
- ralmidani 6y agoGood question. I don't know the details, but early on in Assad's war against Syrians, the situation was easier than it is now. In 2012/2013, a lot of cash was taken to neighboring countries.
- selfhoster11 6y agoThey don't need to mine for that, merely buy existing Bitcoins.
- Leherenn 6y agoIs that easy? I assume they are going to have Syrian pounds as cash. Then I guess you need to put them in a local bank account and use that account to buy BTC. Can you buy BTC with Syrian pounds? If yes, wouldn't the exchange rate be dreadful? I'm not sure exactly who would want SYP.
- throwaway1777 6y agoYou need someone to accept Syrian pounds for the nvidia gpu too, and you need to buy electricity and have functional internet service... there’s really no reason to mine instead of buy in this case.
- mactrey 6y agoThere are no two ways about it: the Syrian refugees who were planning to buy RTX 3060s for mining are going to be hurt by this announcement.
- jonhohle 6y agoHypothetically, if you are seeking fleeing hardship would you want to convert your assets to a public ledger?