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32 sats \ 3 replies \ @Signal312 9 Mar \ on: Being expatriotic bitcoin
Interesting. I'd love to hear more about bitcoin in China, and what China is like for an expat to live in right now.
Seems like there's lots of capital flight, and people wanting to leave China? This is my impression, but it might be just based on a biased YouTube algo.
Regarding capital flight, YES. People just want to get their money out. I get paid and 5 minutes later I'm on telegram with my guy and their are sats in my wallet and RMB in his Alipay.
Plus the amount of tourists coming has fallen hard. It's bad, and yes as you mentioned people want to leave. But when 70% of people earn 2,000 RMB a month or less, it's a bit hard to pick up and move.
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what China is like for an expat to live in right now.
I left there 10-12 years ago, it was already getting oppressive then, and it's gotten a hundred times worse. Don't try to go and live in China as a foreigner.
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Well I arrived post COVID and it's absolutely fine. I stay at my apartment mostly though, which is on the campus of an international school. But I don't feel super oppressed going out. If anything I think the biggest problem is too much "convenience", so everything from online taxis to order from Taobao (similar to Amazon) is REALLY easy, but EVERY app has your phone number and you just know there's got to be spyware on apps like WeChat and the like... So that's not great
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