Guys, you all have to realize there are trade-offs here. Of course its more risky for the individual to hold your own keys, but the government is also a bully that you need to take into account. Sometimes its the government that will rob you, so having your own keys protects you from the government. Part of what makes the US so special is the right to bear arms. You can stand up to the tyranny of the government, if it ever gets there, which thankfully it mostly hasn't in the US specifically because of this law. We already saw what happened in Canada to the truckers regarding their bank accounts. Governments will think twice about going against the general population if they are armed, and likewise, they will think twice about stealing from the population if their wealth is in something that they can't just seize electronically by phone calls to all the banks.
This is mostly delusional nonsense. US courts have routinely shown that you will be held in contempt of court until you turn over any crypto keys demanded by a judge. If you are physically present in the country that wants you, you are not "protected" by owning crypto. No. It can't. The cases of rollbacks have been on exchanges not Bitcoin itself. Almost entirely not true. The Bitcoin database is distributed and international. Theoretically, if everyone everywhere cooperated at once you could reverse it. Practically it's just not possible. Heck, if it was, much of the selling point of Bitcoin as a means of evading control and collusion in mainstream finance would be destroyed permanently. If everyone can collude to roll back the ledger, why can't they collude to change the cap on the number of Bitcoin? Or just collude to take the money out of your wallet and assign it to someone else?
5% allocation now according to Mr Larry Fink That's $45T market cap, over $2M/btc judging by the posts on this thread, lots of ET folks are still stuck on bitcoin negativity from 10 years ago a lot of ET folks are not going to be happy as bitcoin keeps going up to much higher prices I'm sorry... I've been here 7 years and posted as much about adoption, it's the same in real life, very rare for anyone to change their opinion of bitcoin only one out of all my family and friends listened to me and bought bitcoin
I liked it. Liked it a lot in '22. Dismissed it when it hovered around 60k. Like it again. But it is the least likable of the other coins I have.
A least insurers could quietly lean on the federal government. When Trump issued a crypto it’s undoubted now that Bitcoin is too big to fail at least for the next four years.
Yes, everyone CAN collude together to change the cap number. But if that happened it would surely be not contentious as not everyone would have agreed, so you would end up with 2 chains and 2 different coins.
You failed to address the security issue. The more your crypto is worth(good for you), the better the chance I will visit you(good for me) and hit your fingers (knees if you ask me nicely, your choice) with a hammer until you transfer your cold wallet's worth to my hot wallet. Now since you are a smart guy, you may have done some precaution where you actually don't have your password at hand. The problem is, do I believe you? Since your fingers and knees are already broken and I am pissed because you might be telling the truth, thus no money for me, I have 2 choices: 1. I break a few more bones and leave, and increase the chances of getting caught, because I left a witness behind. 2. I kill you, since I won't get much less for just torture as compared to murder. So what do you think, which one will I choose? And how much of your crypto worth in the after life? Is there Bitcoin in heaven?
Pek, you wrote all of that for recycling the $5 wrench attack from over 10 years ago,, lol On a related note, lots of podcasters are talking about rubbing shoulders with extremely rich folks at bitcoin conferences, Wealth preservation, store of value, portable, divisible, = bitcoin