Comment by csomar

4 months ago

The only real solution (that many people here in HN hate?) is crypto. USDT/USDC on Eth or Solana and rails to the old systems are much better now. If you are really paranoid (USDT/USDC have a blacklist functionality), then hold Bitcoin and open a derivative short essentially creating a synthetic USD.

Bitcoin doesn't have a blacklist functionality and you can use lightning for full anonymity.

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csomar

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Karrot_Kream  4 months ago

> then hold Bitcoin and open a derivative short essentially creating a synthetic USD

Huh that's a pretty interesting idea. I guess the downside is you need enough margin to cover the short.

  • csomar  4 months ago

    Theoretically, you are fully covered but full margin will require all your holdings to be on the exchange. So maybe do something like 20-25% margin and constantly follow the market to re-balance. It is not a carefree approach.