/biz/ - Business & Finance

>>58152790
what i meant by border control is suppose you want to leave your country either for travel or as a refugee and you want to bring your wealth over. thats where digital currency shines because all you need is a seed phrase in your head or an app on a phone or computer. if you were traveling with gold coins or silver bars, your money could be taxed or confiscated when going through border controls. they scan you at airports and if you are found with more than $10,000 in america they have the legal ability to confiscate everything under kiked money laundering laws. i know this isnt really a problem for most of us poorfags but its an important aspect and one of the biggest risks and problems with physical metals. so monero could offer an attractive solution to the boomers and metals people if they had it as an option. basically what the knights templar did in the past was let travelers deposit their gold and silver in one castle or location, and were given a secret cryptogram which knights templar in the next country would decipher to know how much money was owed to that bearer. so the travler could travel long distances and be free from the risk of highway bandits or cumbersome stress of safeguarding phsyical coins for the voyage. they could also spend from that in towns and settlements of the templars without picking up their coins because the bank used it like a tab or ledger and just deducted expenses from the deposit the traveler had made previously. they began doing this for pilgrims to the holy land and discovered there was high demand for the convenience of banking and soon branched through all of europe to become the most powerful organization in the world.