Trump's Wall Could Have Implications For DNMs

Following the notion of funding the wall with a 20% tariff on Mexican imports (essentially, a sales tax on American consumers) was thoroughly mocked before being retracted, Trump issued a memo threatening to enact restrictions on the flow of cash from Mexican migrants to their families back home unless Mexico pays a "$5-10 billion" ransom.

So, what would you do if you were a random guy in a cubicle stressing about how to keep up with sending your $200/wk home to your granny in Mexico City? Cryptocurrency is an obvious solution.

My concern is a timeline like:

-Mexican-Americans start using Bitcoin to replace Western Union, etc. This is a $24 billion/year industry, and would cause a huge fluctuation in the price and availability of BTC.

-Law enforcement cracks down on Bitcoin exchanges, justifying sweeping invasions of privacy under the pretense of verifying immigration status.

-As with all such things, laws made with big foreign policy justifications are always abused to prosecute drug dealers.

What does r/dnm think about this, and what might people want to do to prepare?


Comments


[11 Points] Udaypbuh:

Build that wall, trump acting like niggas in Mexico don't have ladders.


[8 Points] Medacali:

cash me outside, howboutdah??


[4 Points] None:

build it


[2 Points] None:

Dude look at the GReat wall of China. CAstles. All sieged. Tunneled under. I can seriously see the cartel blowing up c4 on that bitch, like FUCK you repair that. LIke the southpark episode, they just keep constantly attacking it and letting the guy repair it and keep breaking it to fuck with him..


[1 Points] None:

The wall is a fantasy, just like every other promise he made. It will never happen.


[1 Points] None:

Bitcoin will always be volitile and misunderstood until its not. I feel this year it will be legitimized by a handful of American companies. They have no choice anymore. They can't stop hearing about it

What Im most concerned about is he might tax mexican imports I eat and drink like avacados, tequila and beer. That my friends, would be a true tragedy and grouds for impeachment.