_Algernon_ 1 day ago

This is a strange viewpoint considering that crypto is 100% reliant on some of the most complicated and high-maintenance infrastructure ever built by man: the internet.

If "everything else fails" the internet has failed, and crypto will be worthless. Gold will probably still have some value, unless shit really hits the fan.

1
notpushkin 1 day ago

We’re talking about different “everything else fails” scenarios. Basically, I’m concerned about my bank accounts being frozen (happened with my Revolut account for example).

sofixa 20 hours ago

The solution for that is to have redundancy via multiple bank accounts, ideally in multiple countries.

Then nothing short of planning a serious terrorist act can get you kicked out of all accounts.

notpushkin 8 hours ago

Ah, yes, the classic 3-2-1 method: three accounts in two different countries, one of them being an offshore. Yeah, I’m doing all that (not the offshore part... at least not yet).

ferbivore 15 hours ago

Is that really the case? Per https://www.bitsaboutmoney.com/archive/money-laundering-and-... you can be pretty much completely debanked for only a couple of SARs/STRs, and it doesn't seem particularly hard to have one filed against you.

immibis 11 hours ago

Are you a resident of multiple countries?

sofixa 1 hour ago

Don't have to be - fintechs like Revolut, Wise, N26 are based in different countries, but service customers in a decent chunk of Europe.