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10 sats \ 6 replies \ @rtr 26 Apr \ on: if bitcoin became illegal by law Personal_Finance
Just move to a country that accepts my capital, I guess. If others do the same, then that hypothetical Bitcoin country will be very productive.
it'll be hard to move to another country if USA bars citizens from leaving. We saw this in Japan and korea, Citizens could not go in/out of the country during flu 19. Even if you left.. they demand you file your taxes as it's your duty to do so. So how can you say you're free if you're still tied? US and Australia are doing worldwide taxes, even if you don't live there- you must file it
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there's another variation of the flu-- you can't leave!! BS.. they could come up with whatever. Or do you think I'm wrong?
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No, what I mean is that if the situation is bad enough people will leave regardless. They can't stop that short of putting a gun on someone's head. They'll make it incredibly tedious and annoying but they can't stop you.
Plus, I don't think outlawing Bitcoin is something that can happen overnight. They can't, it would be incredibly unpopular. It will be a slow affair and if you listen well enough you'll know when to dip.
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For the record, S Korea never stopped anyone from leaving the country during Covid, AFAIK. It was just a lot of paperwork, proof of vaccination, etc... that made it not worth it to travel for most. But you could still travel if you wanted to. Just to be factual about this point, not to disagree about the actual gist of your message.