[gonehome]

It’s strictly better and gives you more options.

You can try to get out of your country with your wealth intact.

It doesn’t magically solve all your issues, but it’s definitely better to have some access to your wealth than having it confiscated.

[wizofaus]

> You can try to get out of your country with your wealth intact.

Sure, but how scalable is that? I'm not really interested in solutions that are only going to work for a tiny % of the population.

[gonehome]

It’s pretty scalable - just depends on technical capability.

People in countries like Venezuela and occupied Ukraine have managed to make it work.

[wizofaus]

Good point - if 12 million people could leave Ukraine in the middle of a war in principle a decent % of Lebanon's population could do the same. You do wonder what effect that might have on the chance of the economy then recovering again within a reasonable timeframe.

[gonehome]

> "You do wonder what effect that might have on the chance of the economy then recovering again within a reasonable timeframe."

Yeah - my take on this is if the government has failed the people to this extent then the people have the right to exit and the government should not be able to hold them and their wealth hostage. Naturally if the government can, it probably will, which is why the capability of self custody provided by bitcoin (and other cryptocurrency) is such a powerful thing.

Sure you could get this by hoarding cash or gold in theory, but in practice that's way harder and it's way harder to safely move it, especially across a border.

With BTC you memorize 12 seed words and you're good, can go anywhere and recreate access to your wealth on the other side safely.