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> That's something I can do easily today if I wanted regardless of the country I'm in so long as I have the Internet and an ATM. That's not the case for most p
by olalonde 3y ago
> That's something I can do easily today if I wanted regardless of the country I'm in so long as I have the Internet and an ATM.
That's not the case for most people in most countries. There are billions of people who are not even able to open a bank account, let alone a US stock brokerage account. Bitcoin and gold are way more accessible to the average person.
I agree that every instrument has a different set of tradeoffs though.
- mikhailfranco 3y agoKYC/AML has made this much worse (on purpose - limit access to financial services without any real effect on terrorism or money laundering). Your bank knows you, perhaps for many years. Then you move country, or lose your phone, and suddenly they have forgotten you, and you face an uphill nightmare to retain your old accounts. A share certificate should be a bearer asset, but it is not accepted anywhere outside the original jurisdiction (e.g. EEA for UK/European shares).