So you admit that with Bitcoin, there is a way to ensure that you have 100% control over your money? Can you ensure that with traditional finance? I don't care how much regulation there is. If they don't like you, they will screw you. Who even wants to give power over to "them"? There are too many people to trust, and governments are the last people who I want looking out for my money.
Agreed. But at least the system won't be designed to screw them. With central banks running the show, it's an impossible system to make work for many people.
Furthermore, it's not too difficult to regulate a system where if someone fucks up, more money can just be printed to plug the hole. Women have taken advantage of this as well. They fuck whoever they want and sometimes get pregnant. If he is rich, they have the baby and cash in. If he is poor, they abort. That's what feminism and the banking system have in common.... A convenient way to erase mistakes at the expense of someone else while bearing no responsibility or repercussions.
Don't forget. "If he is Poor", they still have to option to get the TAX Payer to pay for their mistakes!
I've never lost a dime in MM or checking. You've given your power over to a scammer who, in three minutes, can transfer a billion in crypto to an anon-wallet. Does SBF dislike you? I'd imagine not. It's not personal. Your argument is beyond stupid and is why you ppl keep getting fleeced.
I can't stand hedgeye, but they nailed it. HTF did SBF find the capital to do a pure arb in US/Japan? I think it's all smoke. He cultivated a origin story which resulted in fantasy FTT marks used as collateral to build up "legitimate" crypto stakes via Alameda. Gear it up and drain it when it goes public.
I never lost any money, other than the drop in price. Most of my small crypto holdings are in cold storage. Your arguments are just as dumb. You're not addressing my points at all. All the millions in your brokerage are only there as long as the system works. I'm not saying you need to worry, and clearly brokerages are heavily regulated, but it's not really your money unless someone lets you have access to it. The fact that SBF was able to drain this last 300m isn't a fault of crypto, but central exchanges. As you say, money was given to a scammer. Bitcoin gives you the option to not give it to anyone to hold. At least get the facts straight, even if you don't like crypto.