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What I mean is that while traditional stores of value are portable, they are harder to hide and easier to confiscate. A wallet or offline transaction is just a
by selfhoster11 5y ago
What I mean is that while traditional stores of value are portable, they are harder to hide and easier to confiscate. A wallet or offline transaction is just a piece of info that can be scribbled on a piece of paper that a customs agent or border guard won't look twice at. Even if they do confiscate it, you've lost nothing because they can't change the destination of the offline transaction, or decrypt the wallet (if encrypted).
Not to mention that it's exactly as easy to smuggle and disguise a $50 worth of digital currency as it is to smuggle and disguise $50k worth of digital currency. This can't be said of banknotes, especially if all you have available is lower face value notes.