07-15-2021, 05:03 AM
A Major Reason for Crypto: avoid getting killed in a corrupt country
<!-- SC_OFF --><div class="md"><p>I received news that someone back home in Lebanon was ambushed and beaten; he later passed away.</p> <p>The guy came back to his country with $400,000 on him. He did the right thing by declaring the money at customs. Result: people were waiting for him outside.</p> <p>Portability is a major advantage of crypto, especially when you have a corrupted country.</p> <p>FAQ:</p> <ol> <li>Why didn't he just wire the money?</li> </ol> <p>In Lebanon, and thanks to theives (politicians), the country is in dire economic situation. If you have $USD in your bank, it could take years to withdraw the amount. Liquidity is an issue.</p> <ol> <li>Why would someone carry such an amount of money?</li> </ol> <p>I don't know in this specific case, but I'm guessing he is an expat who decided to come home after saving enough money to have a decent life / retirement.</p> <p>Fu*k human jungles.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/moki339"> /u/moki339 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ok3hao/a_major_reason_for_crypto_avoid_getting_killed_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ok3hao/a_major_reason_for_crypto_avoid_getting_killed_in/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I received news that someone back home in Lebanon was ambushed and beaten; he later passed away.</p> <p>The guy came back to his country with $400,000 on him. He did the right thing by declaring the money at customs. Result: people were waiting for him outside.</p> <p>Portability is a major advantage of crypto, especially when you have a corrupted country.</p> <p>FAQ:</p> <ol> <li>Why didn't he just wire the money?</li> </ol> <p>In Lebanon, and thanks to theives (politicians), the country is in dire economic situation. If you have $USD in your bank, it could take years to withdraw the amount. Liquidity is an issue.</p> <ol> <li>Why would someone carry such an amount of money?</li> </ol> <p>I don't know in this specific case, but I'm guessing he is an expat who decided to come home after saving enough money to have a decent life / retirement.</p> <p>Fu*k human jungles.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/moki339"> /u/moki339 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ok3hao/a_major_reason_for_crypto_avoid_getting_killed_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ok3hao/a_major_reason_for_crypto_avoid_getting_killed_in/">[comments]</a></span>Kind Regards R