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by zimablue
1674 days ago
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The most defensible / widespread use-case of getting money out of an oppressive regime strikes hollow to me as a lefty. Most people in an oppressive regime don't have the problem of moving large amounts of money around. And it only helps you with "temporarily store it somewhere with a wildly deviating value", how does that help when you need to get it BACK into your hands and actually spend it? The real exploitation for 99% of the population isn't someone currency-manipulating your fortunes, it's being a de facto wage slave because we live in a system that decides at birth that you're a slave and 1% of people aren't. Crypto doesn't help you with that, ironically it makes it worse because it helps the kleptocracy move their money. That's who has a use for anonymous money, and they're normally robbing the locals. See: the Panama Papers, Russia |
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Where I'm at I can't own land, only lease it from the govt for a specific purpose. A guy I know ended up paying back-fines for not actually making use of some chunk he leased. The real estate development investment sector is full of horror stories, some from people I know personally. Last year and this, many small businesses did not survive "stay home" messaging, but owe full year's worth of insurance and forward taxes non the less.
How do you accumulate wealth, exactly? Everything you could own depreciates faster and faster with time. There's no way to keep your money. You can make some money by speculating on the uneven depreciation rates of things.
Bitcoin (not other crypto) is specifically a thing one can own for 10 years, and get rid of at some point in the future presumably not having half or two-thirds of it's value gone by then. And I don't own any.
I'm the one-man shop who's business got owned by the govt messaging and now owes them.