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OK so they steal some Magic Internet Tokens, but how does that help pay the actual bills? You can't import oil or materials or microchips in exchange for Buttco
by yashg 3y ago
OK so they steal some Magic Internet Tokens, but how does that help pay the actual bills? You can't import oil or materials or microchips in exchange for Buttcoins. You will have to find a fool to give you real money in exchange of those tokens right? Even China and Russia won't accept funny-money in exchange of real goods. Sure, they will be able to sell some of those tokens on some exchanges to DCAing gamblers or laser-eyed folks like Saylor and Bukele, but that won't net them Billions. Also, the money will have to flow through some banking channels even if from some shady island nations. How do they actually liquidate the stolen tokens?
- throwaway290 3y agoYou mix and anonymize it all and cash in some part into actual money stored in friendly overseas banks like Macao. The rest is still useful for trade bypassing sanctions. You can't buy nuclear weapons or stuff to make nuclear weapons with a bank transaction because financial system is watching and bank mgmt doesn't want to be jailed but you still use magical tokens to barter for those goods direct.