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It helps in the case where you can move your body across the border, but not physical property.
by SamReidHughes 5y ago
It helps in the case where you can move your body across the border, but not physical property.
- craigie 5y agoBut so does a credit card... or a deposit in a Swiss bank.
- listenallyall 5y agoYes, I agree, it certain situations, under certain circumstances, it helps. But the parent comment was "Crypto fixes that", as if it universally removes all barriers and obstacles, which it most definitely does not. I would also pose a question, in the case where you have to leave NOW in order to cross that border -- would you rather have all your money in a bank with accounts currently frozen, or have crypto keys stored physically in an apartment or bank in an active war zone that you are unable to reach and faces a real possibility of being destroyed/bombed/flattened at any moment?
- SamReidHughes 5y agoIt's an interesting question, and it might depend on what currency the money is denominated in, or what bank. I don't know how I'd manage crypto keys, but it is possible to reduce all your holdings to a 20-word passphrase that you've memorized. So there is the question of whether I've already prepared to bug out. At least for myself, if I fled the country, I don't have any valuable physical property I'd ordinarily take with me when moving, except for a GDM-FW900.