It seems like if the good guys were trying to end the central banking systems this is something they would do...Appreciate any good info or links
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (25)
sorted by:
I believe most of the fear users on this forum have with Crypto is based on uneducated opinions that entice fear.
When the truth is, and many many many highly sophisticated computer engineers and developers have verified it.... Bitcoin is more secure than literally just about anything else (other than silver, or gold)... when it comes to being fearful of govt's taking it away from you etc... They simply have no way to do so. It would be easier for them to come to your house and physically remove dollar bills from your possession than to hack your Bitcoin wallet Private key and take your money from you. :)
This also is true with other things too not just govts.... think extortionists and blackmail artists. You can lock your funds away from even your own single access ability... Meaning multi-authentication would be required (for example you AND your wife would have to authorize the transaction)... So if someone put a gun to your head and said "Send me all your bitcoin" you wouldnt even have a possible way to do it... And criminals know this so they generally avoid attempting these types of crimes against people who they personally know have a lot of crypto currency.
There are so many benefits that completely crush the cons... IMO.
I will be terrified of a US Dollar crypto brought to us by the Feds, though. And I do fear Bitcoins surge is going to cause that to happen.