This does fit with what I think is the most interesting use case of bitcoin that I'd read about: A Ukrainian living in the Russian controlled portion of the country getting out with his wealth intact.
The border was controlled by corrupt Russian guards that would steal things of value. You could pass the border occasionally to visit family on the other side, but it was risky to take anything.
He put all his wealth into bitcoin, memorized his wallet seed words like his life depended on it, crossed the border with nothing, and then regenerated his wallet on the other side (and then presumably transferred the money back into a usable fiat currency/bank account).
I thought that was pretty cool.
It'd be interesting if the community put a guide together to make it easy for people that need to escape hostile countries with their wealth intact to do so, something I might try to do if I find some time to write it up.
The border was controlled by corrupt Russian guards that would steal things of value. You could pass the border occasionally to visit family on the other side, but it was risky to take anything.
He put all his wealth into bitcoin, memorized his wallet seed words like his life depended on it, crossed the border with nothing, and then regenerated his wallet on the other side (and then presumably transferred the money back into a usable fiat currency/bank account).
I thought that was pretty cool.
It'd be interesting if the community put a guide together to make it easy for people that need to escape hostile countries with their wealth intact to do so, something I might try to do if I find some time to write it up.