I bet cryptocurrencies can become more desirable for wealth preservation than 50-60% of highly-inflated national currencies out there. Americans or Europeans with hard currency like the USD and the EUR cannot *really* understand what inflation feels like. We had the drachma over here (greece) in the 80s, official inflation was like >20% and your only option, since you were barred from buying gold or USD, was to deposit the money in a bank or buy a government bond and get an interest rate close to the inflation rate just to keep your capital near what it was. Alternatively you could do investments all the time in businesses, real estate etc - to keep the money moving and hoping it will multiply itself.
This type of use for cryptocurrencies is vastly underrated in the western world of hard currencies.
We have to register EVERY silly piece of electronics when we fly out of Argentina so we can prove that we did not buy it when traveling. I think if I dont let them register my iPhone serial number, then i become some sort of smuggler. Dont even think about taking out or bringing back any meaningful amount of foreign currency! We have our rock solid 25% per year peso
people in USA do not realize that you can be "breaking the law", but not doing anything wrong.
DRK gives all of us a chance to decide for ourselves what is right and what is wrong
James
I second that. A friend of mine lives in Argentina, and when I bring him electronics, we take everything out of the box so it looks used. Then we put the boxes, instructions, etc. in a different bag to get it in. It sort of IS smuggling...