Billionaires and Bitcoin | Bitcointalksearch.org

TheGreatPython

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Quote from: PrivacyG on March 12, 2022, 02:00:32 AM

They likely knew something bad was going to happen with their wealth before it did. Everyone knew ever since the first day of the war that Russian billionaires would become a target of the West.

Bitcoin can save them, but if the West is so aggressive with the sanctions then more Bitcoin usage could backfire on us. They want the Russian billionaires to go broke, they do not want them to find an escape. So ultimately, they could take decisions that affect AND help us. Think of the exchange bans for Russian IPs. Sucks! But simultaneously, this is going to lead to more people looking for Decentralized Exchanges.

I don't think they saw it coming because if they did then why would they keep on storing their wealth in banks? I believe that most of the millionaires and billionaires keep their money in the banks but that is reasonable because there are no bitcoins before but now that bitcoins are here, it's their chance to migrate their wealth only if they don't want their money to get stuck in the banks.

On what means bitcoin can backfire us? it will be more regulated or will get banned, something like that? But, that was expected I guess and I think some of these events are already happening but we are still stronger. I like it more when people started praising decentralized exchange because lately most people focus only centralized exchanges.

BIT-BENDER

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Bitcoin is decentralized especially when you are performing transactions on a decentralized exchange, or platform. Many billionaires or even average Bob are getting involved in Crypto some to have that much needed freedom and enjoying all the utilities using Crypto offer but some are strickly on a investment plan this type may not be avoiding the government except the government has put a Ban on crypto-currency.

Blended@

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This is funny,billionaires and bitcoin....there is no competitive because no need to go to bitcoin business any more because it already be a billionaire so is to help people to grow an also invest on people life than take it to bitcoin again you are a billionaire so please.

wozzek23

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Quote from: Haunebu on March 12, 2022, 07:51:56 AM

Billionaires? Lol. The last thing anyone would worry about is how billionaires cope with these sanctions for obvious reasons. They are more than capable of handling themselves which is why worrying about them in this manner is silly.

Some of them have invested in BTC and other popular cryptocurrencies over the years and have made a killing through them.

But, who will think about it billionaires??? What about their superyacth that has smaller yacth and helipad on top of it!! Won't someone please think of them??? Sad

(( All jokes aside nobody really cares about them.

There are like maybe 100 people, or even like lets say 5000 people in the world (not the forbes list, the real ones with hidden wealthy AND some of the forbes ones) that could literally pool their money together and turn this world into paradise. I am not even joking, people like Putin, mao, Saudi king etc etc, ALL the hidden wealthy people in the world, plus some of the forbes people could get together and make the world great. So excuse me if I do not care what happens to them.

bussybuddy

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But what are the issues to be considered? Whether we're looking at the outcome of this event or looking at the cause of it, I feel like everything they're doing to control is necessary in response to the stressful actions. It may not be equal for the people involved, but are we living, studying, and working worthy of that right? Our obligation to life is to love and care for each other. Competition will only lead to us losing more and more of our rights.

Accardo

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Billionaires are not made up of one asset like you think. They are scared but, have an upper hand than those that got nothing left with them because of the War. A billionaire could have Gold, silver even diamonds that people don't know about. Freezing their account is a treat to them because of the business that made them a billionaire. Some of them in other countries that see stuff like this happen to their colleagues will learn to hold other tangible assets like Gold, bitcoin or save their funds in a vault located outside their country.

SFMHodler

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As a billionare you would probably have your wealth spent in many different classes of assets, so even if the get their bank account frozen, they will have offshore companies and whatnot.

famososMuertos

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About this regulation, for example, the Russians have millionaire investments in London in real estate, if they were confiscated, they would only be touching such a small percentage that they do not cause any damage to their assets.

I suppose they have anger but not worry, at least the great billionaires, it is obvious that some are in trouble but the great fortunes are so well protected that it is only a matter of waiting.

Slow death

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I think you are creating a problem where there is none, not all billionaires are being sanctioned, only billionaires who support Putin or who have had or have ties to Putin are being sanctioned, what are governments doing with these sanctions and for for billionaires to punish or make Putin stop this senseless war, that's what governments want. so we cannot think that all billionaires are being sanctioned. another point is that bitcoin will not help billionaires, billionaires will not sell their assets or take all the money they have to buy bitcoin

Quote from: romero121 on March 12, 2022, 01:56:45 PM

Quote from: mk4 on March 12, 2022, 02:12:21 AM

It's the masses that should be afraid, not the billionaires. Most if not all billionaires have all the connections they need to survive and live their lives normally. The masses, however, are pretty much screwed if they got their financial freedoms revoked.

This is being proven with the ongoing war between Ukraine and Russia. The sanctions have made the common public suffer and not the billionaires. The net worth value might've fallen, but there living hasn't got disturbed. Even in some articles this is being published that Putin is living his life as the past, but his act have made his people forget how they lived in before the war.

the people need to know how to choose their leader, this is another example that when the people delude themselves and choose a leader who is no good, it's always shit

romero121

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Quote from: mk4 on March 12, 2022, 02:12:21 AM

It's the masses that should be afraid, not the billionaires. Most if not all billionaires have all the connections they need to survive and live their lives normally. The masses, however, are pretty much screwed if they got their financial freedoms revoked.

This is being proven with the ongoing war between Ukraine and Russia. The sanctions have made the common public suffer and not the billionaires. The net worth value might've fallen, but there living hasn't got disturbed. Even in some articles this is being published that Putin is living his life as the past, but his act have made his people forget how they lived in before the war.

usekevin

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Quote from: Eternad on March 12, 2022, 10:38:50 AM

Quote from: FrozenBit on March 12, 2022, 05:12:35 AM

It is difficult to come up with a rational view on this, as they are all looking for their own arguments from every angle. If we support this, it will be unfair to those billionaires, and vice versa. This is really a big problem. It's political, national, and global. Soon we will see what the consequences of this action will be.

There’ll be no problem for them as long as they can do transactions in crypto, sanctions may not burden them a lot as long as they will find alternatives to all the banning that been put in them but if crypto like Binance or other exchanges will join in putting restrictions to the users that can be a time there will be a problem though billionaires can just go visit other countries or ask someone if ever they needed it.

You should look this in a different manner.If the government of all the country in this world, had legalized the bitcoin.Then the billionaire was not like to hold the money in crypto was your thought.But you had keep something in your life.When you had involved in certain things, you should look all the possible way of approach to get away from it or get solve of such things with a alternative methods.

teosanru

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Quote from: BenjaminGlover on March 11, 2022, 05:30:00 AM

If you were a billionaire in the United States, how terrified would you be to see a foreign national's assets and bank accounts blocked for no reason of their own?

If you were an American Billionaire, how terrified would you be to witness a *Foreign Billionaire* having their assets and bank accounts seized for no reason of their own?

Billionaires worldwide are fearful at the moment. They can only be rescued from the sinking ship by Bitcoin lifeboats. The whole population is being saturated, including people who have never touched a drop of water in their lives.

Exactly on point. This is so foolish of the western government to make individuals suffer for their leader's decision. This thing that west has just done would ensure that no billionaires keep their investments in these western countries, they can at any time on their wish decide to block your access to your foreign assets, seize your accounts based on what suits them. I liked how Binance and other foreign exchanges rejected the plea of these government to seize crypto assets of Russian citizens, even then I would suggest one should always keep their assets in private key so that no government in the world can decide when you control the asset and when not.

MCVXYZ

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Quote from: Ararbermas on March 12, 2022, 06:26:46 AM

Well i can say bitcoin can save our money from any problems that might possible to happen in our country especially when it comes banks.
For example in Russia, their fiats are freeze because of sanction so now they are trying to bypass it using bitcoin. So surely it now a lifeboat to them despite of the situation..

I understand that many sanctions only work if people are using their currency instead of dollar or euro, therefore they will try to create their own digital one, but what can they do when the market is so volatile? I don't think they will risk their billions in crypto market. They won't be able to use exchanges too,because of the occasions like this - ,,Coinbase announced earlier this week that it had blocked 25,000 Russian-linked cryptocurrency addresses''-Ryan Selkis

Eternad

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Quote from: FrozenBit on March 12, 2022, 05:12:35 AM

It is difficult to come up with a rational view on this, as they are all looking for their own arguments from every angle. If we support this, it will be unfair to those billionaires, and vice versa. This is really a big problem. It's political, national, and global. Soon we will see what the consequences of this action will be.

There’ll be no problem for them as long as they can do transactions in crypto, sanctions may not burden them a lot as long as they will find alternatives to all the banning that been put in them but if crypto like Binance or other exchanges will join in putting restrictions to the users that can be a time there will be a problem though billionaires can just go visit other countries or ask someone if ever they needed it.

henmark

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I do not think that there would be any situation where American billionaires would get their accounts frozen from anywhere. It is easy to do that to Russia and Russians because we are talking about a nation that the west doesn't like. Hell it is obvious and known that NATO was build against Russia, no matter how involved they are, European union and all but NATO was against Russia and making sure they do not start attacking others (Didn't work well).

So, it is clear to me that billionaires from the USA do not have anything to worry about as long as their money is not in nations like Russia or China. Just stay away from your nations enemies, and you can invest into other west nations.

19Nov16

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When you hear bitcoin today, of course, many people think only rich people can buy, but we have the same opportunity to profit by daring to make a decision to buy immediately, don't just hear stories of successful people from bitcoin but immediately do it so that other people can tell.

Haunebu

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Billionaires? Lol. The last thing anyone would worry about is how billionaires cope with these sanctions for obvious reasons. They are more than capable of handling themselves which is why worrying about them in this manner is silly.

Some of them have invested in BTC and other popular cryptocurrencies over the years and have made a killing through them.

Vatimins

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You know what op, even without the issues that has been going on nowadays, the fear is still there and has been for a long time ago. But you have to consider, billionaires or at keast most of them are billionaires for a reason; - They are smart. And how many billionaires do you think are without bones in their closets? Probably few. To keep the long story short, the threat exists but not in a way that frightens the billionaires out of their wits.

Jating

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Quote from: mk4 on March 12, 2022, 02:12:21 AM

It's the masses that should be afraid, not the billionaires. Most if not all billionaires have all the connections they need to survive and live their lives normally. The masses, however, are pretty much screwed if they got their financial freedoms revoked.

Exactly, they might have anticipated that one day this is going to happen so they are not afraid but they are going to survived. Who knows, they could have stash some personal money ready in case something happen. Cash is still the king and they could have use a lot of their cash to survive and live during this extremes time. It's the ordinary people that will have the problem to survived because in normal they might be having hard time what more if there is wwIII?

cryptomaniac_xxx

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Quote from: BenjaminGlover on March 11, 2022, 05:30:00 AM

Billionaires worldwide are fearful at the moment. They can only be rescued from the sinking ship by Bitcoin lifeboats. The whole population is being saturated, including people who have never touched a drop of water in their lives.

They become billionaire for nothing, so for sure they already have a lot of back up plans with regards to their assets and investments. Maybe some of them have diversified and include bitcoin already together with some oil, gold and other assets. So I don't think they are going to be afraid and fearful at the moment. On the contrary they might have taken advantage of some situations around to go and multiple their money again. Russian Oligarchs though are different cases.

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