I had a thread about this a few weeks ago - View quoted note →
It’s not as straightforward as you think. Imagine you sold your car or house and wanted to put the proceeds into Bitcoin rather than hold cash. Or you just got orangepilled and want to convert stock holdings.
Not everyone is already all out of fiat.
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Yeah, fair enough but i think that if a person is coming into a large aount of cash (and they are aware the system is shit) , they should probably have a scattershot plan of hoovering up all sorts of hard assets(gold, silver, btc even land or a decent piece of art) from a a variety of locales...individuals on FB marketplace/craigslist, coin shops, proper dealers, etc. Everyrhing, all at once, a pain in the ass no doubt, and, doubly challenging within an Ozzie context given the new restrictions on pulling hard cash out of banks. Aus certainly has changed a lot since i was there 16 yrs ago