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.
#1 - If they raid your fucking house physically they can and will seize control of your wallet from your own equipment.
You ascribe near supernatural powers to those that kick in your door in the middle of the night. With a cold wallet being the size of a micro-SD or a paper wallet being a word phrase you've memorized how exactly are they going to find it? Further, if you bought crypto P2P cash, how exactly do the omnipotent powers that be know you even have it? The fear surrounding crypto is that despite attempts to stop its usage it is still able to flow around all .gov obstacles like they aren't even there. And the preceding coming from someone that isn't even a fan of it.
You clearly have never been questioned by a federal agent. I have. You also clearly have never had your house raided and searched. I have... Twice. Long story.
You think that password being only in your head is to your advantage. When they decide they are going to get that password you will be Jan 6th'ed into a deep dark hole until you give it up... and the location of that cold wallet. TRUST ME!!! There are worse things than being broke... and/or having all your bitcoin taken from you.
Maybe in the 1980s you would have been safe. In today's world the FBI does whatever the fuck they want and no one stops them. Crypto isn't going to fix that.
Sauce... See Jan 6th detainees.
You are a spec of dust to be swept away. That's the problem...
"New money systems fixes a symptom. It doesn't cure the problem... out of control government." I stand by this and nothing you've said has disputed it.
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.
You ascribe near supernatural powers to those that kick in your door in the middle of the night. With a cold wallet being the size of a micro-SD or a paper wallet being a word phrase you've memorized how exactly are they going to find it? Further, if you bought crypto P2P cash, how exactly do the omnipotent powers that be know you even have it? The fear surrounding crypto is that despite attempts to stop its usage it is still able to flow around all .gov obstacles like they aren't even there. And the preceding coming from someone that isn't even a fan of it.
You clearly have never been questioned by a federal agent. I have. You also clearly have never had your house raided and searched. I have... Twice. Long story.
You think that password being only in your head is to your advantage. When they decide they are going to get that password you will be Jan 6th'ed into a deep dark hole until you give it up... and the location of that cold wallet. TRUST ME!!! There are worse things than being broke... and/or having all your bitcoin taken from you.
Maybe in the 1980s you would have been safe. In today's world the FBI does whatever the fuck they want and no one stops them. Crypto isn't going to fix that.
Sauce... See Jan 6th detainees.
You are a spec of dust to be swept away. That's the problem...
"New money systems fixes a symptom. It doesn't cure the problem... out of control government." I stand by this and nothing you've said has disputed it.