"they" own at least 64% and can wipe an account at any moment. Don't take my word for it, look into the owners and their backgrounds/connections.Then there's problems like losing your account forever of your own volition:
Wow. ultra defensive and for no reason at all. Very suspicious and quite stupid. The article is to highlight what can go wrong with an electronic system.
You don't wonder why the 'Federal Reserve' is in crypto currency? Do you even know who THEY are?
As for ownership, I did the research for myself and your lazy ass should do the same thing. Go ahead and buy into the imaginary currency, and watch them short it. I don't give a shit.
"Banks" aren't the problem with crypto, it's the exchanges -- and you better believe that they're tattling on you. Just look at PayPal, etc, all jamming in for their greedy little skims (and MasterCard has the patent on such things). They can't wait until you're all fully electronic and totally under their control.
Sure: you can park crypto in a hardware wallet. But then it's no different than any other stacked physical commodity that you buried in a hole.
Binance is essentially keeping Tether going. Because Binance is the biggest volume crypto exchange and they use Tether to buy everything, then it props up the market cap of Tether.
In other words, Bitcoin is stuffed full of the same kind of number fuckery as the stock-market.
I'm not sure why they can't control it. They own bitcoin.
"they" own at least 64% and can wipe an account at any moment. Don't take my word for it, look into the owners and their backgrounds/connections.Then there's problems like losing your account forever of your own volition:
https://www.cbc.ca/radio/asithappens/as-it-happens-friday-edition-1.5875363/this-man-owns-321m-in-bitcoin-but-he-can-t-access-it-because-he-lost-his-password-1.5875366
Wow. ultra defensive and for no reason at all. Very suspicious and quite stupid. The article is to highlight what can go wrong with an electronic system.
You don't wonder why the 'Federal Reserve' is in crypto currency? Do you even know who THEY are?
As for ownership, I did the research for myself and your lazy ass should do the same thing. Go ahead and buy into the imaginary currency, and watch them short it. I don't give a shit.
Stupidity is expensive.
Nobody has any clue who owns most BTC, or who's issuing all the tethers.
This all smacks of blow-off phase distribution to Johnny-come-lately FOMOs.
unless you leave it on a US exchange. Once you move it into cold storage it literally does not exist. Or am I oversimplifying?
"Banks" aren't the problem with crypto, it's the exchanges -- and you better believe that they're tattling on you. Just look at PayPal, etc, all jamming in for their greedy little skims (and MasterCard has the patent on such things). They can't wait until you're all fully electronic and totally under their control.
Sure: you can park crypto in a hardware wallet. But then it's no different than any other stacked physical commodity that you buried in a hole.
In other words, Bitcoin is stuffed full of the same kind of number fuckery as the stock-market.
God help you all when it blows up.