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Comment by GDC7 | Hacker News Reader

> In fact if you have millions it is quite easy it seems

People want to make millions to enjoy them and spend them.

Basically no merchant accepts crypto and the crypto for cash schemes are not equipped to convert huge amount of money.

The only ones who could exchange hundreds of millions or billions in BTC for cash are the cartels or their clients in USA/Europe/Asia.

These people are white collar crime type individuals, if they try to reach them the aforementioned organizations would quite literally mop the floor with them.

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I am currently in Colombia, and there are many merchants accepting cryptos, including Bitcoin and Bitcoin cash. I guess it is because their currency has lost 50% in value since the beginning of COVID.

On localbitcoins.com you can easily find some one who will buy Bitcoin for cash. I've done this myself and the fee is not very high.

You can also use a Bitcoin ATM but fees are a bit heigh on them and they take your picture just like regular ATMs, so it might be a little bit dangerous.

So to conclude it really depends where you are. I think that for example Medellin is a perfect hide out. And most things here are 4 times cheaper here than in Europe or the U.S.

If you're 40 years old you may have 15,000 days left. If you're in hiding you're probably not looking to buy property or anything registering your assets. I can't imagine it'd be that difficult to cash out a few hundred a day in some place like Argentina which has lots of non-KYC ATMs and folks exchanging crypto. A few hundred a day is plenty enough to live the rest of your life in luxury, if crypto in whatever stable coin you're able to hold doesn't completely crash.

Remember 10 million is a lot of money, but that's really only like 700 dollars a day for 40 years. Basically enough for a luxury hotel, great meals, and a nice hooker at the end of the night every single day.

Only a luxury hotel, great meals, and a nice hooker each day for the rest of your life.

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