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by pjc50 2295 days ago
> how much freedom 24 seed words give in times of crisis. You could move a billion dollars stashed in pages of a harlequin novel through every border & customs check and nobody would ever know. Try that with physical materials.

But there's a problem: you never moved the money at all. You need to bookend it with two transactions to move the real money in and out of the bitcoin system, which nearly always involves intersecting the controls of the real system. It's more like hawala banking. And can suffer 50% exchange rate swings in a very short time.