flag theory
Why Stripe Atlas is Bad for Foreigners, Digital Nomads, Bootstrappers and You
Digital Assets
Most recently Flag 6 deals with internet privacy and protecting yourself online. Digital assets is a new flag (Flag 7) dealing with cryptocurrency and new forms of electronic money. We have named this Flag Digital Assets as it deals with both cyrptocurrency and the blockchain. This article aims to be a guide on all things digital assets, from bitcoin (the first successful decentralized digital cash implementation); to altcoins (alternative iterations of bitcoin) to the coming blockchain revolution.
Digital Security
Essential Encrypted Services for Digital Security
Encrypted email: Unseen.is
Encrypted chat: Wickr, Line
End-to-end file sharing: Unseen.is Premium, Mega.NZ
Encrypted cloud storage: SpiderOak.com
VPN: HideMyAss.com
Here are some of the quick and easy wins for planting a digital security flag – if you are too lazy to browse the entire list below.
Physical Assets
Productive land is one of the most valuable appreciating assets in the world. There is a limited amount – and it can be strongly held with a freehold deed. If the land is arable or has potable water, the price will increase accordingly. Call me prepared, or call me paranoid – I see having a hideout of productive land, food and water being one of the highest priorities.
Offshore Banking
Depending on your individual citizenship and passport situation, you might have a much greater or lesser option for offshore banking. Countries and individuals facing sanctions might have difficulty opening up an account in certain jurisdictions. However, there are plenty of benefits to offshore banking for most nationalities. Here is a list:
Tax Residency
The second flag of Flag Theory™ is Tax Residency, an ultra important flag to plant, as it is the basis for determining your personal taxation. Most countries tax their citizens on a residential basis – in other words, individuals pay taxes to the country in which they reside. However, there are important exceptions, as you will see below. For example, the United States and Eritrea are the only countries that tax their citizens regardless of where in the world they live.
