There are two flaws in crypto you will never get around and governments after some hard lessons like this one will learn to take advantage of them.
#1 - If they raid your fucking house physically they can and will seize control of your wallet from your own equipment. They will seize your bitcoins and use them as they see fit. You won't stop them because you will be in cuffs or dead. If they for some reason like a password can't get access you will sit in solitary for the next decade until you give the password to them etc etc. Just like cash, gold, silver, artwork, etc, etc... they can and will just steal it from you. Go ask the 1930s Jews.
#2 - While it is true they can NOT control this type of currency or transactions in it easily they CAN control exchanging it to and from fiat currency. This gives governments far more power than you might think and in the long run unless our economies go through a very VERY radical change in the near future governments will restructure their fiat systems to corrupt, control, or flat out destroy all crypto. I'm betting they supplant and control it so it will be just another tool to fuck us over with.
All the OP proves is crypto has a sharp learning curve. Once they overcome that they will write laws and design systems to put it in its proper place, under their control. Nothing you or I do or say can stop that... except fixing our governments. New money systems fixes a symptom. It doesn't cure the problem... out of control government.
Yes... They can. However, you can still sell gold and silver to various sources in order to obtain the cash to get something. They can't and won't ban actual money, especially when they want that for themselves. But they can ban the existence of exchanges for crypto which makes it extremely difficult to legally use your crypto as a currency.
You can sell your crypto in person, just like you can with metal. This isn't that hard. It sounds like you haven't spent 5 minutes thinking about this independently.
Its not metal vs crypto its metal and crypto vs fiat.
#1 isn’t a problem when you use full disk encryption with a strong password.
#2 isn’t a problem once debt based fiat currencies implode. Given that inflation is a feature and not a bug, that day will inevitably come.
There are two flaws in crypto you will never get around and governments after some hard lessons like this one will learn to take advantage of them.
#1 - If they raid your fucking house physically they can and will seize control of your wallet from your own equipment. They will seize your bitcoins and use them as they see fit. You won't stop them because you will be in cuffs or dead. If they for some reason like a password can't get access you will sit in solitary for the next decade until you give the password to them etc etc. Just like cash, gold, silver, artwork, etc, etc... they can and will just steal it from you. Go ask the 1930s Jews.
#2 - While it is true they can NOT control this type of currency or transactions in it easily they CAN control exchanging it to and from fiat currency. This gives governments far more power than you might think and in the long run unless our economies go through a very VERY radical change in the near future governments will restructure their fiat systems to corrupt, control, or flat out destroy all crypto. I'm betting they supplant and control it so it will be just another tool to fuck us over with.
All the OP proves is crypto has a sharp learning curve. Once they overcome that they will write laws and design systems to put it in its proper place, under their control. Nothing you or I do or say can stop that... except fixing our governments. New money systems fixes a symptom. It doesn't cure the problem... out of control government.
I'm not dooming I'm just speaking truth.
They can break in and steal your physical gold and silver assets too 🤷🏼♀️
Yes... They can. However, you can still sell gold and silver to various sources in order to obtain the cash to get something. They can't and won't ban actual money, especially when they want that for themselves. But they can ban the existence of exchanges for crypto which makes it extremely difficult to legally use your crypto as a currency.
Bitcoin is also way less private than cash.
You can sell your crypto in person, just like you can with metal. This isn't that hard. It sounds like you haven't spent 5 minutes thinking about this independently.
Its not metal vs crypto its metal and crypto vs fiat.
Bitcoin is NOT the only Crypto that you can do transactions with...
When the government shut down the Silk Road did people stop using bitcoin to buy drugs online?
No they did not.
Other markets took Silk Road's place, still exist to this day, and they operate with much tighter opsec these days.
Anything the government bans, multiplies, it doesn't go away.
The government already has a track record on banning gold and banning its exchange into paper money. Look up the Gold Reserve Act.
It can also melt when antifa throws molotovs at your house lol.
It can also be eaten by your toddler 🤷🏼♀️
Lol
Don’t broadcast your bitcoin assets, and if anyone asks, lie.
What's a Bit coin?
#1 isn’t a problem when you use full disk encryption with a strong password. #2 isn’t a problem once debt based fiat currencies implode. Given that inflation is a feature and not a bug, that day will inevitably come.
if we ever get to a point where the govt kicks in our doors to steal our assets then we have already lost