7 ms·
I'm not crossing a street with you if you're carrying $500K in your backpack everywhere you go. Physical possession of wealth is a bad long term strategy. Eve
by q1w2 5y ago
I'm not crossing a street with you if you're carrying $500K in your backpack everywhere you go.
Physical possession of wealth is a bad long term strategy. Eventually people WILL find out, and you WILL become a target.
One of the main functions of government is private wealth protection. Banks are a feature, not a bug.
- rglover 5y agoAnd when they do and I do, I have a large cache of weapons and ammunition to wave at them with. If you think the government is protecting your wealth, you're incredibly naive.
- vladTheInhaler 5y agoSo you have to be strapped whenever you want to visit Starbucks? No thanks.
- rglover 5y agoLol no. Technically I can be because I'm in an open carry state but I only do that if I'm out in the wild or traveling solo late at night.
- quickthrower2 5y agoFunny enough with Bitcoin you have done 90% of the mugger/robber's job for them by holding the money in a criminal-friendly format.
- stackedinserter 5y agoHow do you move $500K to another country? My country of origin goes apeshit when I send my parents $2000.
- quickthrower2 5y agoChina will go apeshit if you try to use Bitcoin to move $500k to another country. Transferring 500k between most developed countries should be easy enough, I'd probably talk to both banks first for such a large amount.
- stackedinserter 5y ago> I'd probably talk to both banks first for such a large amount I don't need to ask anyone to move bitcoins.
- quickthrower2 5y agoYou need to ask someone (provide ID, KYC probably) to convert them into a currency you can spend widely though.
- stackedinserter 5y agoThe ultimate goal is to make such conversions unnecessary.
- tornato7 5y agoNot if you're moving to El Salvador!
- quickthrower2 5y agoFair enough you could have a life of chicken tenders there