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A comment on Chinese activist Ai Weiwei says Credit Suisse closing foundation's bank account. Parent comment

Re:Chinese activist Ai Weiwei says Credit Suisse closing fou... by leppr on Wednesday September 08, 2021 @04:58AM (#28454723)
Just like with anything security, it's not about eliminating 100% of the risk but making it harder for enemies to attack you. Crypto might not be the holy grail solution, but securing your lifeline for living in society (money), is a pretty good start.

> Now this rogue nation state targets your landlords, your water company, your kids' school.

Without access to money you can't get any of these things. With cash, you can manage to find lodging, food and education for your kids.

[ Parent | on HN ]
Re:Chinese activist Ai Weiwei says Credit Suisse closing fou... by oliwarner on Wednesday September 08, 2021 @08:25AM (#28456042)
Holding crypto does not guarantee access to cash.

I'm not saying it's worthless, it's far better than nothing, but you're still a prisoner if you're being denied mainstream staples like banking.

[ Parent | on HN ]