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#Bitcoin is portable wealth,

You can "opt out" of any Government, and instantly take your net worth somewhere else.

You can't do it with real estate. Takes time to sell.

Stocks are faster, but moving large sums via banks doesn't work.

Imagine you move to Iceland. You open a bank account and try wiring 10 million in from a US account. Likely outcome: you will be flagged as a money launderer / criminal and the money will be blocked.

Try moving 10 million in gold. That's 240 pounds. Not exactly inconspicuous.

Bitcoin doesn't need to transfer. You can just use it, wherever you want.

That's something completely new. Something that has never existed before. One of the reasons why it will dominate all other assets.

Portable wealth. Think about it.

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Discussion

Catesby 1y ago

I remember this hitting me for the first time years ago when I was playing with brain wallets, imagining myself washing up on a foreign shore like Bond, without a single possession on me, drying off and recovering my wallet with millions in it. It reminded me of how intriguing it was in movies when someone had a number to a secretive ‘Swiss bank account’. Supposedly all you needed was the number, regardless of who you were. Bitcoin is 1000 times better than this or any bank account, and I remember reading that the Swiss had to divulge everyone’s bank info anyway. Portability is key. Good write-up!

SteadyTech 1y ago

100%