How do you get your wealth into BTC in such an environment?
If there is no State intervention to prevent it, in the event Wise got greedy and extractive, nothing would stop someone else from offering the same service, keeping Wise in check through competition.
I'm not saying that you can't use BTC as a payment system, it's just that it's not needed and it's inferior to what they are already doing right now in the legacy system.
One of the important reasons why I think BTC's main value proposition is as a store of value and not as a payment system is that it's simply not needed for that.
I get it -- migrants sending money through Western Union paying fees through their asses. But BTC is not required to fix that.
I use Wise and can transfer instantly between actual bank accounts in different currencies at insignificant cost. I get paid by my US clients by ACH. Instant and free. I switch to my local currency for virtually nothing and transfer to my own Wise and non-Wise accounts for free.
Most important, the transaction costs are fixed and knowable. They don't change depending on whether some prick is minting PepeCumInADogsAss memecoin tokens or China banning BTC mining again.
If the transfer is to another Wise user all I need is their email address and it's also instant.
I have transferred to accounts using ACH, SEPA, whatever it is called in Singapore, Japan, Indonesia, Korea, Chile... and it's instant.
And traditional banks have caught up too. Instant and FREE transfers within the same bank have been a thing for many years now.
Now they're a thing between different banks too, at least where I am. I just paid a bill by instant SEPA to another bank. Instant and free -- under the "legal threshold" of €900 at least.
My point being, Bitcoin does NOT fix this particular thing, because that's just not what it does well.
What it does well is preserving the purchase power of my Argentinian family in a hyperinflationary context, and allowing me to move from country to country carrying (or really, not carrying) all my net worth with me without any predatory State thug being able to shake me down.
No. I like my property doing stuff when I, and only I, tell it to do it.
@Primal iOS is all fucked up today. I won't display threads of notes, play gifs or videos. It even fails to connect to relays. And the buttons are broken again.
"Russia made me join NATO" vs. "NATO made me invade several surrounding countries".
Both bad, one worse.
China IS the aggresor. There isn't one single country around it who hasn't had or still has territorial conflicts with them.
It displayed on Primal's preview, then it didn't in the actual post, and now it does. Gotta love Nostr.
It displayed on Primal's preview, then it didn't in the actual post, and now it does. Gotta love Nostr.
It wasn't Neymar, or Messi, or Suárez. It was the three of them together, being a deadly football machine. 364 goals in 450 games together, in just three years.
I use this all the time 
So have you already booked your fishing boat trip for after doing it?
Be ready to fill in literal stacks of KYC and AML paperwork if you are really considering that route.
They'll tell you the problem is that your AR15 can shoot too many rounds. nostr:note13hf65attuy2yzsw67emfqulvj8wy099zd3h7e0tddqup3yn3nvysz8ywdf
P2P requires patience and luck though. Consider buying small amounts on a KYC exchange and moving them out under
your own custody on Sparrow Wallet, and when you have enough, run them through Whirpool using Sparrow itself to de-KYC them. It's easier than I make it sound, I swear. Check out nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 on Youtube for top quality tutorials. #asknostr
