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> "if you have to liquidate 90% of your wealth in the middle of a market crash" That's why I said before the invasion, if the market already crashed probably t
by gonehome 5y ago
> "if you have to liquidate 90% of your wealth in the middle of a market crash"
That's why I said before the invasion, if the market already crashed probably too late to matter, but you'd still want to get whatever you have out.
> "And finally, movements of capital across borders are highly regulated. You can't simply cross the border and "recreate" your wealth on the other side, because all you will have re-created is a pile of dirty money that now will have to be laundered at a great expense. All this is illegal, by the way."
We're talking about escaping an autocratic authoritarian government. With BTC you can simply cross the border and recreate your wealth in a way that protects you from that government accessing it - that's my point.
I don't think you're arguing in good faith so this is the last reply from me.
- lottin 5y agoIndeed... to me it seems clear that you have little experience escaping autocratic authoritarian governments, and that you don't know much about international finance either (or finance for that matter), yet you somehow feel qualified to talk about these topics and give foolish advice. Don't do that. You're not helping anyone, or any cause.
- gonehome 5y agoThanks for confirming my suspicion of bad faith. Luckily others reading this thread can come to their own conclusions.