| Once again. 2 situations. Situation 1: Person has no money, or worthless money. Situation 2: Person has 50k USD worth of global currency. Situation 2 is obviously better. Massively. It is absurd to pretend like situation 2 isn't clearly, obviously, and massively better. Yes there are some issue with global trade, or whatever. But it is clearly, and obviously better, to have 50k USD in an offshore account, or 50k worth of currency somewhere else. Think about this situation, specifically. No, it is not just "you can keep your Netflix subscription". That is a bad argument. It is worth more than that. > Various regulations and logistical impediments No. You would be wrong to just say "regulations" means that having 50k worth of USD money somewhere is now worthless. I can promise you, that anyone at all, living basically anywhere in the world would be better if if they had 50k USD in an offshore account. You cannot seriously, with a straight face say "yep! Having 50k in an offshore account is worthless!" |
Good job I didn't say it seriously then, or at all, for that matter.
I was writing in context of a thread about a guy who "robbed" a bank to get back his own money to pay for essentials. I still don't see how owning crypto or any sort of global currency would have helped him (or the millions of other Lebanese currently in the same boat) very much at all.