Exactly,thats the stuff of movies.We arent talking about Oceans 11 and the .0001% element. We are talking about getting robbed for your wealth,and its been around since the beginning of time not 2010.
this is only true to Bitcoin you own directly. If you buy Bitcoin etfs in a us brokerage account you are subject to the same KYC and AML stuff. Try again.
Already covered this. An ETF that holds shares in something like Ford or Apple isn't sitting on millions in assets that someone can instantly and irrevocably transfer overseas. The shares are actually at DTCC and subject to US courts and jurisdiction. A Bitcoin ETF could be very conceivably sucked dry by one guy with a USB stick. He could even wait until he's already in a non-extradition country before transferring the coins. Right from the HODL prospectus: Bitcoin transactions are not reversible. Once a transaction has been signed with private keys, verified and recorded in a block that is added to the Bitcoin Blockchain, an incorrect transfer of cryptocurrency, such as bitcoin, or a theft of bitcoin generally will not be reversible and the Trust may not be capable of seeking compensation for any such transfer or theft. To the extent that the Trust is unable to successfully seek redress for such error or theft, such loss could adversely affect an investment in the Trust. https://www.vaneck.com/us/en/investments/bitcoin-etf-hodl/overview/
This just in: https://www.reuters.com/world/europ...irm-ledger-had-his-hand-mutilated-2025-01-24/ David Balland, a co-founder of French crypto firm Ledger, had his hand mutilated while he and his wife were kidnapped, the Paris prosecutor said, adding that 10 people were being questioned following the freeing of the pair. Balland and his wife were kidnapped early on Tuesday morning from their home in central France, and were taken by car to two separate addresses where they were held captive, Paris Prosecutor Laure Beccuau said in a press conference late on Thursday. Balland, who Ledger said no longer worked for the company, was rescued after a police operation on Wednesday and his wife was freed the following day. .... Nearly all the cryptocurrencies paid to the kidnappers were traced, frozen and seized, she said. Ledger, founded in 2014, is one of France's top crypto companies. It sells "hardware wallets" - physical devices for storing crypto assets. Balland is one of eight co-founders, the company's website says. In 2021, Ledger raised $380 million in a funding round which valued it at $1.5 billion.
I don't want to cause sleepless nights to anyone, but...oh hell, why not? That is kind of relative. Here is an interesting psychological aspect of the problem: 1. Guy has 10 mill net worth, 9 mill in crypto. 2. Guy has 3 mill net worth, only 500K in crypto. Which one is more likely to give up the password faster? Hell, if you gonna take most of my money away, I may get pissed off and willing to die anyway. But if you are only robbing me 10-20% of my net worth, I don't want to get hurt, take it. Also the richer guy has most likely better security, guy #2 may not even think he is a target. (just like you) This is a simple risk/reward problem for the robber. Hell, people get robbed for nothing so if your crypto's value is 6 digits* or more, watch what you share on social media. Have a good night! * Did I say 6? I meant 5. Hey, you guys wanted to be your own bank, so deal with the bank robber.
lol, ok Pek, you seem to be really "concerned" about this, I've been in bitcoin/crypto for over 10 years, You would be a billionaire in US $ for a few thousand $ since you were earlier than me into bitcoin, life must be great for you not living in fear, lol On a related note, this thing is big when Blackrock gets approved, lots of wealth in fiat have been buying Blackrock IBIT because it's the easiest to acquire bitcoin, they don't want to wire money to Coinbase or Kraken or buy USDT and use Binance And with the recent news of SAB 122 (SAB 121 rescinded), the big money will redeem bitcoin from Blackrock, to their bank custodian Banks hold their bitcoin assets and other custodial solutions, bitcoin will go to millions of $ each in the next few years Pek, better buy 1 bitcoin now or as much as you can, borrow or sell your assets and other investments if you have to, this is financial advice
You guys should read the "The Great Taking" We don't own anything. Financial systems owns it. It just lets us believe we own it. BTC is the same way. Doesn't matter where its stored.
Why should I be? I am not the one being kidnapped: https://www.8newsnow.com/crime/las-vegas-sex-worker-accused-of-kidnapping-stealing-300k-in-crypto/ The argument what you don't seem to get is that if crypto is cash, well, most people don't keep 4+ digits worth of cash at home. Anyhow, next time you go to Vegas, if the stripper's name is Outlaw, try to avoid her.