Re:Man who robbed bank to get his own money back hailed as n...
by ClumsyPilot on Saturday August 13, 2022 @09:01PM
(#32455306)
> Sell your BTC for cash, in person.
This is totally absurd - you need to buy real goods, they are priced in USD, there is shortage of USD in the country. noone will trade with you
your only chance is to pay bitcoin to someone abroad who can exvhange them for USD there and ship goods to you that you can trade locally
Re:Man who robbed bank to get his own money back hailed as n...
by siwatanejo on Saturday August 13, 2022 @09:19PM
(#32455416)
> noone will trade with you
There are P2P non custodial exchanges where you can sell your BTC in person (e.g. LocalCryptos), in case you need to stop hodling for some sudden expense, like the medical bills for your dad.
Re:Man who robbed bank to get his own money back hailed as n...
by oarabbus_ on Saturday August 13, 2022 @09:23PM
(#32455452)
Did you try to search Lebanon on localcryptos or localbitcoins? The former has no listings which transact in LBP, only one which requires Western Union (USD).
And the latter has no listings at all in Lebanon.
Re:Man who robbed bank to get his own money back hailed as n...
by siwatanejo on Saturday August 13, 2022 @09:44PM
(#32455571)
Oh well that's interesting. I myself have never had this problem in the countries I live.
Re:Man who robbed bank to get his own money back hailed as n...
by optimalsolver on Sunday August 14, 2022 @05:24AM
(#32457796)
This should indicate to you how useful BTC would actually be in a real financial crisis.
Re:Man who robbed bank to get his own money back hailed as n...
by aaaaaaaaata on Sunday August 14, 2022 @06:52AM
(#32458214)
You must have missed all of the Argentinian bitcoin stories, huh
Re:Man who robbed bank to get his own money back hailed as n...
by aaaaaaaaata on Sunday August 14, 2022 @06:53AM
(#32458219)
Or Venezuelan.
Re:Man who robbed bank to get his own money back hailed as n...
by MisterBastahrd on Sunday August 14, 2022 @12:12AM
(#32456259)
For cash?
The entire reason he held up a bank is because NOBODY HAS CASH in Lebanon.
Sell your BTC for cash, in person.
> There have also been several instances in time where BTC has lost 80% of its value (and many more instances of 50%+)
Better than the 90% inflation (or withdrawal "correction") in Lebanon.