Cryptos allow easy capital flight

[CryptoGirl]

The single biggest most valuable thing about Bitcoin i think: is the ability to move and relocate large sums of money across national borders without worrying of seizure by border guards.

Buy Bitcoin, then walk across a border, sell Bitcoin at new location. Without involving a bank or taxing authorities.

[OptimusPrime]

Well yea you are right but that border has been manipulated and you can't easily move it again

[Alcor]

Taking into account this ability of Bitcoin and other cryptocurrencies, the Chinese government has previously carried out a number of measures aimed at banning the circulation of cryptocurrencies in this country. Because of this ability, state cryptocurrencies so slowly legalize it in their countries.

[TERENCIO]

I agreed with your statement except that exchanging Bitcoin to fiat still such a pain in the neck till now, as many authorities are eyeing Bitcoin and some banks are allergic to Bitcoin.

[LogiC]

The single biggest most valuable thing about Bitcoin i think: is the ability to move and relocate large sums of money across national borders without worrying of seizure by border guards.

Buy Bitcoin, then walk across a border, sell Bitcoin at new location. Without involving a bank or taxing authorities.

Yes this is one of bitcoin outrageous advantage but seems to be a dangerous feature that if used by criminals as well could be troublesome. Don't you think?

[horseheadnebula]

I agree that it's a great thing to be able to transfer huge sums of money in a matter of seconds with just a very low fee. This is not possible with banks. It is an amazing advantage for Cryptos.

Imagine when more people find out about this...

[LogiC]

I agree that it's a great thing to be able to transfer huge sums of money in a matter of seconds with just a very low fee. This is not possible with banks. It is an amazing advantage for Cryptos.

Imagine when more people find out about this...

Don't you read my mesaage few scroll above you? This is actually good but what if criminals do this? Still good, there is also con of havig this kind of feature which will be terrible if happen. If more people diacover this, what I have in mind would be generally possible as well.