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A comment on BadEconomics: Putting $400M of Bitcoin on your company balance sheet. Parent comment

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by whatshisface on Monday January 04, 2021 @02:36PM (#25636718)
"Hi, I'm in Africa hiding from the USG and my wallet is on the FBI blacklist. Can I buy a phillips screwdriver?"

"No thanks. We're in America and have $20M of assets and 50 employees and we'd rather not lose it all and go to jail."

[ Parent | on HN ]
Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by vbezhenar on Monday January 04, 2021 @04:17PM (#25638200)
If the entire world will bend under US regulations and will respect their white-lists and black-lists, it might be an issue. But that means losing independence (because surely US won't respect Russian blacklists) and plenty of countries won't agree with that. So there will always be escape routes as long as you're physically outside of the US.
[ Parent | on HN ]
Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by whatshisface on Monday January 04, 2021 @04:18PM (#25638216)
>If the entire world will bend under US regulations and will respect their white-lists and black-lists, it might be an issue.

You should read about US sanctions, that's actually pretty close to the truth. Living outside of US jurisdiction means... living in Russia, AFAIK.

[ Parent | on HN ]