get yourself through KYC on a Thai cryptocurrency exchange like BitKub.com. Then invest in cryptocurrencies and hedge your bets like any sensible person would. Other than that, the only advice I can give you is to DYOR. Good luck either way.
well if you think farmers are going to avoid digitization and carry on using legacy banking as they supposedly do now, this might tell you what the future is of retail banking. I hate to break this to you, but governments around the world don’t give a toss about farmers, old people or indeed anybody who’s not conversant with modern digital processes. It will be Darwinism on steroids. They’ll either have to get with the (digital) program or not. Governments don’t care either way.
look around you. Things are changing very fast and even many small vendors in Thailand are taking QR code payments nowadays. Eventually, when so much cash is removed from circulation (as it was in India a few years ago), people have no choice but to use cryptocurrencies, QR codes and other ways of transferring digital money. There in November 2016, Modi outlawed 86% of cash in circulation supposedly to target undeclared “black money” and fight corruption, but it was really to fast-track the digitization of the Indian currency, the rupee.
yes, you need a plan to do that. I have a breakdown of my assets in the following way—30% in 4 properties—40% precious metals comprising physical gold and silver—and the rest is in cryptos (incl. relatively small amounts of cash).
well said and it’s surprising how ignorant so many are of this and who resort to ad hominem attacks when it’s pointed out to them. I believe DLT will at least mitigate many of the risks of governments stealing your wealth and any others that are frictionless and trustless which can disintermediate any and all third parties intent on skimming off the top. My money’s on XRP & XLM.
you can stick your head in the sand and pretend you’re an ostrich, but Thailand is already developing its own CBDC along with many other countries. I’ll give it one to two years max before they bring it in and where all government employees will be paid using that very CBDC. Eventually, they will remove all banknotes and outlaw cash in the country. Google it. This is a plan that’s been in the works for many decades.
