From the Panama Papers incident, we can see hidden wealth and refuge funds

Chapter 0 Introduction

Big news came out today - the Panama Papers exposed the hidden wealth of the world's powerful. Such news is bound to be criticized. I prefer to be prepared for danger in times of peace. Let's not worry about whether the wealth of these powerful people is legal, but this news at least exposes the huge insecurity of the wealth of the world's most powerful people.

Reflecting on ourselves, we ordinary people have to face various situations of being questioned even if we have legal wealth. If you are a middle-class person, you have earned a fortune through your own ability, whether it is real estate speculation or business. Without the protection of power, your wealth is at risk of being confiscated at any time.

How to protect one's wealth is something a rational person has to think about.

Chapter 1 Wealth is condemned by the world

Deep down, we all desire wealth, but society as a whole has strangely demonized wealth.

Marx said: Capital comes into the world, from head to toe, every pore dripping with blood and filth. This sentence has taught countless people to regard wealth as a demon.

If we focus on today's China, where social wealth is exploding, no matter how you make money, you may be criticized. If you do business, you will be accused of being a profiteer; if you are relocated, you will be accused of being a nouveau riche; if you are a celebrity, you will be accused of selling your body to get ahead. Even Jack Ma, who has created so much wealth and jobs for the Chinese people, is forced to donate.

In addition, our taxation system is not reasonable. Which businessman has not evaded taxes? Even reading Teacher Cang's works is a crime, which directly defines all adults in the country as a crime.

Who of us can guarantee that our money is considered “clean” by the current secular world? If you are a wealthy person, you should consider this issue even more.

Chapter 2 Hidden Wealth

If you can hide your wealth, it will be very helpful to protect it. Just like the rich and powerful, they will hide their wealth all over the world through very complicated means, especially looking for banks in small countries that pay attention to customer privacy.

As a responsible adult, you should at least add one hidden item to your balance sheet.

The characteristics of Bitcoin make it very suitable for this task.

Bitcoin will not be noticed by strangers like houses, luxury cars, and watches, and then imply your wealth. They don't know at all. Bitcoin has no shiny appearance, and it won't make a boastful sound. Unless you can't help showing off your wealth.

Using RMB to purchase a portion of Bitcoin and withdrawing and distributing it to multiple addresses can perfectly prevent your wealth from being tracked by any law enforcement agency.

Even if you buy Bitcoin on an exchange that requires real-name authentication, you can buy it on multiple exchanges. After purchase, you can distribute Bitcoin to any address. It is guaranteed that no one will know your specific wealth from now on. And if you can find someone who trades over the counter, it will be even better.

You don't need to rely on private banks and expensive safes to store Bitcoin. You can encrypt and package your Bitcoin wallet and store it in multiple mailboxes or network drives. You can exchange Bitcoin for local currency in any corner of the world as long as you have an Internet connection and a smartphone.

You can even store Bitcoin by writing down a private key on paper or memorizing a sentence in your mind.

Chapter 3: Refuge Funds

A big reason why the wealthy and powerful are greedy for power is to protect their own wealth, especially when their wealth is illegally acquired.

Fortunately, we, the powerless, have Bitcoin.

Complete anonymity, liquidity is almost equivalent to cash, storage is convenient, and security is higher than any bank or safe deposit box in the world. With these huge advantages, how to use Bitcoin as a refuge fund, the disadvantage of Bitcoin's price fluctuations seems insignificant.

For the wealthy, exchanging 1 million for Bitcoin is enough to survive even if Bitcoin plummets and is cut in half. And there is a high probability that this 1 million will increase several times.

If a wealthy businessman is convicted and sentenced to 10 years in prison, and has 1 million in cash on hand that has not been confiscated, would he choose to bury it in the ground? Exchange it for gold? Launder the money to an overseas bank? Buy a house? Or forget it. In front of Bitcoin, all these seem so stupid and ridiculous.

Chapter 4 Conclusion

You have an obligation to protect your property.

If you find the article useful, please give me some Bitcoin to encourage me to continue writing.

Author: tan90d (Weibo @LightningHSL WeChat tan90d)
My BTC address: 14mhzjkJ71oMAMkKu3dy98dnUpkyQBHL1r
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