Doesn't matter if the ledger is stolen, its just for easy access. There is a 6 digit pin and if something like 5 tries you get it wrong it will be disable permanently. The seed phrase is the most important, just store it in a safe, make maybe two copies and store in two safes would be the safest. Don't click on unknown links to protect yourself from phishing scams. Bitcoin is traceable by the way.
Just fyi, the 2 copies are attack surfaces that are completely "clear" with no 6-digit pin In addition, during a fire, they use water and if the water seeps into the safes, could damage them beyond recognition. Hopefully, the ledger was not physically damaged in the fire Bitcoin is traceable, but people who got hacked or scammed have no way to go after the hackers who are usually in another country outside of jurisdiction. For small amounts, the hackers can easily swap it out with other cryptos through a variety of means
On this I agree 100%. You bought a piece of paper that has a value set by an auction market, not unlike baseball cards. I haven't seen the piece of paper in years, the broker has it and as far as I know he doesn't actually have physical paper. For a fee I can get one printed up and they are quite nice to look at. I have several from my early investing days when I was a buy and hold investor. Actually the one we have now is a liberal so that's not too unrealistic. I can see the value in that. I'll take a look.
Except the stock certificate paper has been eliminated. It's why T+5 is no longer true as it required mailing those "papers" back and forth When you click on the video on my link, it goes deep into the subject right away as I started it at that point. Don't watch the video at other time points, as it is a long video I hope you are sitting down when you watch the video, Sir, it looks like your view of the stock ownership is outdated to a time when you had to phone your broker to buy a stock
There was really nothing new or rather nothing I wasn't aware of. I'm playing in a fixed game. But I'm a little player and no one notices me winning a few small hands. As long as I don't take the bait when someone offers me a no lose deal then I'll continue muddling along making a fairly decent living. In selling her bank she did mention a few of the downfalls of dealing with crypto if you didn't deal with Avanti. Up here in the frozen north I can apparently buy bitcoin thru WealthSimple (A robinhood clone) but I have to keep the coin with them. Not anywhere close to making a trade just looking for a vehicle to trade. Watching a chart of bitcoin on Tradingview. Hasn't yet broken the down trend.
It looks like you watched more than 15 minutes. That's great She's selling her Avanti bank located in the state of Wyoming per the laws they've enacted to protect the bitcoin depositors That's the crux of the matter. As you've seen in the video and your mention of a fixed system with the current financial system, what you think you own, i.e. Amazon stock or bond, or even the very fiat currency, is based on a ponzi scheme. Fiat currencies are a debt-based monetary system Wrt Avanti, that's only if you wish to have a bank custody your bitcoins Many bitcoiners do not trust others to custody their bitcoins Holding your bitcoins is an escape from the current financial system, hence decentralized, p2p, immutable, censorship-resistant. Not reliant on rent-seeking intermediaries