
“Bitcoin makes it easy to move funds around the world and convert it into and out of fiat currencies in a very private fashion. There’s nothing to declare at borders, as with cash or precious metals, since the value exists ‘out there’ in the Internet. All you have are the keys to access those funds when desired. And, best of all, it allows frequent travelers and permanent travelers (PTs) to build up a readily accessible ’emergency account’ that can’t be easily identified, let alone stolen. However, the trick to getting all these privacy benefits is to use it properly.”
Related posts:
National-Security State Toadies Are Guilty Of Hypocrisy On Snowden
The Bitcoin Central Bank's Perfect Monetary Policy
David Galland: Welcome to the Company Store
Why The U.S. Job Market Remains Terribly Bleak
How Empires End
Roving Bandit, Stationary Bandit, and Income Tax
The Venezuelan Crisis Is Due to Economic Ignorance
Stefan Molyneux: The Truth About Bitcoin
Tobacco Speakeasy: Prohibition Lite Is Making RYO Cigarettes All the Rage
Profiles in Pork
The Original Value of Bitcoins
A Nation Unhinged: The Grim Realities of “The Real American War”
The Good News Is That the Bad News about Kansas Was Wrong
Bitcoin is a Startup
Bill Bonner: Turning Argentine...