3 ms·
I think that's a good takeaway. But he does mention that once he's in Columbia, he is able to convert some of his crypto into cash. So maybe storing more of h
by rolobio 5y ago
I think that's a good takeaway. But he does mention that once he's in Columbia, he is able to convert some of his crypto into cash. So maybe storing more of his cash into crypto would have helped? But then again, he did need cash for bribes...
- yardie 5y agoThe amount of cash he needed to keep on hand didn't seem unreasonable. But keeping any less and he might have to walk the rest of the way. Crypto still has a long way to go to being the great, ubiquitous equalizer it was designed to be.
- yawaworht1978 5y agoI know Colombia pretty well. My goodness, he better not convert Bitcoin to cash there. Colombia is by no means much safer than Venezuela, ever and in particular since about 2 months. Few people remember that not too long ago Colombians were seeking refuge in Venezuela. He should use an online exchange if he can provide KYC. Something like in person exchange in Colombia is playing Russian/Colombian roulette. Maybe he has family he can trust with, but yeah. In Colombia, wrong street and someone will rob you at gunpoint for a phone, even if there is not Bitcoin on it.