[intotheabyss]

The entire thread is about people not being able to go across borders with x amount of cash without declaring it. I could walk across a border with 100k in stablecoins and never declare it, and then have immediate access to those funds like I would cash. My point is to show the absurdity of these kinds of laws.

[phanimahesh]

Not commenting on the absurdity, but (untraceable) physical cash is what's forbidden. And governments are going after anonymous asset ownership systems like crypto for the same reason. They want control, and visibility into monetary movemnts.

[jurynulifcation]

You could also just carry a bank card across borders and withdraw cash when you land, no need to play around with known scams :)

[intotheabyss]

How is USDC a scam? Or how about DAI? Also, when I say stablecoins, I am also referring to CBDC's. Anyways, not everyone has a bank account (your viewpoint is very Western centric) and having to withdraw cash in a foreign country is just poor UX in the digital age.

And what about refugees fleeing war, like Ukrainians in 2022. There were many many cases where Ukrainians had zero access to their banks while in Poland. Having 12 words, or a set of 5 trusted guardians would be a much better way of securing your wealth than trusting some third party custodian in a city under siege.