> You cannot seriously, with a straight face say "yep! Having 50k in an offshore account is worthless!"
Good job I didn't say it seriously then, or at all, for that matter.
I was writing in context of a thread about a guy who "robbed" a bank to get back his own money to pay for essentials. I still don't see how owning crypto or any sort of global currency would have helped him (or the millions of other Lebanese currently in the same boat) very much at all.
> Good job I didn't say it seriously then, or at all, for that matter.
Awesome! So then you agree that having 50k$ of equivalent value, outside of the lebanon bank would not be worthless, and would instead be worth a lot! Glad you agree with me.
> I still don't see how owning crypto or any sort of global currency would have helped him
Well, it would be because now they have 50k$ of equivalent value, in a place that is not the Lebanon bank. Therefore the Lebanon bank can't take it from them.
That is how it would have helped. Having that money, outside of a local collapsing banking system, would mean that any of those people would now have 50k$ of value, in a place that the Lebanon bank can't take it.
And you agree with me on this, because you are not saying "yep! Having 50k in an offshore account is worthless!".
You aren't saying that. Which means that you agree with me completely, that it would not be worthless to have that money, or equivalent value of that money, in an offshore account.
Good job I didn't say it seriously then, or at all, for that matter.
I was writing in context of a thread about a guy who "robbed" a bank to get back his own money to pay for essentials. I still don't see how owning crypto or any sort of global currency would have helped him (or the millions of other Lebanese currently in the same boat) very much at all.