GOLD shall destroy FED.
(media.greatawakening.win)
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so what happens when they cut off your internet/electricity? or direct the site hosting your “wallet” to freeze said wallet? If your backup plan relies on infrastructure that (((they))) can control and fuck with you have netted nothing useful.
i’m converting my fiat to real estate. Anything electronic is for suckers.
There is no site hosting your wallet if you use Bitcoin as intended. If you keep your Bitcoin on an exchange, then you might be in trouble yes. But if you keep your private keys at home under your own control, there's no way to freeze your account.
And if the internet goes down forever, then we have bigger problems in the world. In a Mad Max type of world, Bitcoin can not exist and is useless.
what happens when the government makes bitcoin illegal and “confiscates” it? and don’t doubt they will do it because this exact tactic was used in the past with gold.
what happens when they make it illegal for any retailers to accept crypto?
also where can you buy groceries with crypto? I’ve yet to see it as a payment option anywhere i shop.
They can't confiscate Bitcoin. That's not how it works. They would have to steal your private keys of you and these keys can exist solely in your head. Maybe if they torture you they can confiscate your Bitcoin.
And yes they can make it illegal just as they made torrenting illegal. But torrenting is still happening a lot so government bans would not be some sort of final end point for Bitcoin.
And in El Salvador you can buy your groceries with Bitcoin now since BTC is legal tender there. There are other places you can use your Bitcoin to buy everyday items. But it's the same as with the internet: it needs time to grow and then at a certain point it's everywhere. We haven't reached that stage yet and that's the reason why you can't pay with Bitcoin everywhere.
You can however get debit cards that you load up with Bitcoin and then you can actually pay for your groceries with Bitcoin.
Right, i get that they can’t literally take it from you, hence the quote marks. What I mean is all they have to do is make it a crime to possess it. Then what? And again, anything that requires internet to use is an automatic fail because the government absolutely can control that shit, just ask any person from China.
I still agree with the OP, you’re trading one imaginary currency for another, I really don’t see it as a win at all. Bartering is the system they can’t control.