if crypto is so untraceable, what is to stop me from taking out as much debt as I can to buy a shitload of btc, hiding it, and moving to some 3rd world country then selling the btc and living like a king?
If crypto is so untraceable, what is to stop me from taking out as much debt as I can to buy a shitload of btc...
David White
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Charles Davis
nothing
David Perez
who would buy your worthless btc in 3rd world?
Justin Parker
Nothing its what so many did, that or Puerto Rico. If I had a job lined up in a white ethnostate I would do just this.
Julian Rodriguez
Go for it if you don't ever want to live in a first world country again. Make sure your chosen country doesn't extradite to wherever you accrued all your debt.
Michael Mitchell
Don't you need to give collateral for a loan?
Isaac Carter
>your chosen country doesn't extradite
What exactly would they do? I mean wouldnt you just claim bankruptcy first after you lost all your monero in a boating accident.
Lincoln Lee
Puerto Rico is a tax haven for US citizens, you can't avoid extradition there. It's a US territory for fuck's sake.
Daniel Torres
So if myself and a friend each take out $40k loans, move to Peru, then sell next time btc moons and make $800k, will that be enough money to buy slaves and have them fight tigers on our giant compound in the rain forest?
Can I use a mortgage to buy btc?
Christopher Perry
I know this. Extradite for what. You rack a bunch of debt and file bankruptcy because of all the stress you start a new life.
Josiah Garcia
Why not just keep the money from the loan and skip the BTC middle man?
Lucas Ortiz
>not 50x'ing your loan by buying magic internet money
Caleb Allen
This way if I fuck up and btc doesn't moon I can just declare bankruptcy. If it starts mooning I'll plan my "vacation" to Belize.
Joshua Flores
They won't loan you much if you own nothing.
Once you take a loan there is no other outcome, than Jew getting richer.
Nathan Clark
You need to worry about charges because that's called bankruptcy fraud and it's illegal as fuck.
Andrew Harris
Good luck proving any of that after many years. Leave renounce citizenship become an international citizen.
Leo Parker
This is why credit cards stopped letting people buy crypto.
Ryder Phillips
I have a strong income. No house yet. Would a reverse-mortgage be the ticket?
>that's called bankruptcy fraud and it's illegal as fuck.
It's not fraud if I carried the cash around in a briefcase and lost it in a boating accident. Also the btc will be in a wallet in a chip either in my ass or in my arm.
Brandon Allen
Why do you need to use Bitcoin?
1. Go to foreign country that will let you stay on an extended visa.
2. Open bank account in said foreign country.
3. Wire the money to your foreign bank account.
People talking about extradition are clueless. Being in debt is not a crime. You can't be sent to prison for being in debt let alone extradited.
There is actually nothing preventing you from doing this, and it's done all the time.
Angel Hughes
>carried the cash around in a briefcase and lost it
lmao imagine believing this is a viable defense against fraud charges the absolute state
Owen Gonzalez
Yes, that's why I was talking about avoiding extradiction. Read above, we are going in circles here.
Go ahead and try this, OP. Let us know how it works out.
Nathaniel Moore
I guess depends what kind of debt it is and how much it is. If user is talking about like100 grand or some small pittance who cares.
Hunter King
You know if you're in debt long enough creditors sometimes sell the rights to the debt they're owed to other creditors at a fraction of the actual debt.
youtube.com
Maybe someday in the future, if you're super rich, you can just buy debt portfolios from several creditors in the state you were in through a shell company under someone else's name and forgive your own debt + the debt of thousands of others at a cost lower then that of paying off your debt alone legitimately.
Elijah Scott
Debt is erased after 7 years.
You will not be able to get a non-collateralized loan, only couple credit cards.
Jaxon Foster
All transactions are public you fucking moron.
Andrew Murphy
>implying if I make it I would ever help out anyone besides half a dozen close friends/family members
Robert Price
789999999968 received 324214321432 from njbhjbhgvcfdfrt6yughftryubhjvcfh67ui
wow, so useful
Hunter Baker
>become an international citizen.
god why did I ever listen to the fucking retards that post here ?
Anthony Mitchell
passport can now be restricted for debt obligations
David Taylor
You can still make it if you liquidate everything you own and go all in on Chainlink right fucking now. Pic related- it's Chainlink's new partner. (((Diversity)))
Carson Hill
Gotta put all that money in Bitcoin Cash though.
Andrew Richardson
>extraditing someone to repay a small debt with money they don't have
LMAO
Jackson Howard
iNdiA sUpErPoWeR 2020
Henry Butler
You don't need Bitcoin to do this. You can send the fiat to a Cayman bank account legally. You just have to be willing to never get credit for the rest of your life.
Lincoln Williams
>fleeing your safe and majority white (for now) area forever to a third world shithole over a "small debt"
If you think anyone should even consider this for less than half a million dollars you need to neck yourself.
Bentley Collins
How old are you Zoomer faggots anyway? This board is starting to lower my IQ and I haven't found a good lead on here since around May or June. I might actually be outgrowing you retards.
Connor Jenkins
Nothing at all. Go do it and enjoy your 3 years in a Cambodian hut before you begrudgingly return to your parents home.
Jacob Walker
>Yes your honour I was on a boat and I had a briefcase with all my money inside it and it just fell into the water!
Do you think you're in a movie or something or are you just severely underage? Holy shit.
Leo Lewis
Cowardice