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>And if there was crypto, they would be far more efficient at doing what you describe because they don't even need to pay for the planes They would however nee
by subsistence234 4y ago
>And if there was crypto, they would be far more efficient at doing what you describe because they don't even need to pay for the planes
They would however need to find people that can sell bitcoins to them.
Let's say a corrupt dictatorship wants to turn their $1T of criminal/stolen assets into BTC. How are they gonna do that?
- throwaway290 4y ago> They would however need to find people that can sell bitcoins to them. I hope you don't think they'd go around writing "zdrastvuite zis is putin can you sell some bitcoins" with strong slavic accent :) > Let's say a corrupt dictatorship wants to turn their $1T of criminal/stolen assets into BTC. How are they gonna do that? Give somebody ruble in exchange for bitcoins. Maybe even have a handy russian in charge of a crypto exchange (that's probably what got localbitcoins shut down in the first place). Remember how they made it impossible to store or withdraw lots of foreign currency? I bet it helps demand for ruble. Pegging ruble exchange rate probably helps too, remember how after rising to more than 100 rub somehow dollar is now worth 60 rub (only in Russia of course, good luck selling ruble anywhere else).