Sorry, but I prefer to br able to physically hold my wealth in my hands. Preferably precious metals and stones.
If you can't actually hold it in a tangible way, you don't really own it. Digital currencies are no different. What happens when [they] decide to shut the internet down when the People decide noncompliance is warranted?
Ok look, do you really think people haven't thought of this? Bitcoin is now almost 15 years old, and there's been Trillions of dollars worth of capital invested in it. You think investors with that much money don't have these same concerns? These were some of the first areas of concern ever addressed by its original creator(s). Many many people have said the same thing since day 1. And yet, they trust Bitcoin.
Why?
Because the network is robust and secure. It cannot be shutdown without destroying EVERY SINGLE COMPUTER in the world which runs a node, and that could be in a data center or someone's basement in a third world country. There is a reason people in Venezuela smuggle ASIC miners into the country and use their free electricity to mine to a wallet which belongs to a relative in the US so they can send food and supplies back home.
Anything you can hold in your hand, the government can also take from you at gunpoint. Or did we not learn the lesson of 1933?
I would say the opposite is true. The only thing that you truly own are your thoughts, knowledge and memories. All you have to do to secure your bitcoin is memorize 12 words, or write them down and store them discreetly in a way that only you can identify the words. Anything physical that you own, you only do so at the pleasure of someone able to exert more physical force than you.
And as for shutting down the internet. Their system relies on the internet as well, to manipulate their fake money and to con the masses into believing that it still has value. There is no physical backing left in fiat currency, and shutting down the internet would only accelerate the world towards realizing that. They cannot afford, at this point, to shut down the internet.
Sorry, but I prefer to br able to physically hold my wealth in my hands. Preferably precious metals and stones.
If you can't actually hold it in a tangible way, you don't really own it. Digital currencies are no different. What happens when [they] decide to shut the internet down when the People decide noncompliance is warranted?
Ok look, do you really think people haven't thought of this? Bitcoin is now almost 15 years old, and there's been Trillions of dollars worth of capital invested in it. You think investors with that much money don't have these same concerns? These were some of the first areas of concern ever addressed by its original creator(s). Many many people have said the same thing since day 1. And yet, they trust Bitcoin.
Why?
Because the network is robust and secure. It cannot be shutdown without destroying EVERY SINGLE COMPUTER in the world which runs a node, and that could be in a data center or someone's basement in a third world country. There is a reason people in Venezuela smuggle ASIC miners into the country and use their free electricity to mine to a wallet which belongs to a relative in the US so they can send food and supplies back home.
Anything you can hold in your hand, the government can also take from you at gunpoint. Or did we not learn the lesson of 1933?
I would say the opposite is true. The only thing that you truly own are your thoughts, knowledge and memories. All you have to do to secure your bitcoin is memorize 12 words, or write them down and store them discreetly in a way that only you can identify the words. Anything physical that you own, you only do so at the pleasure of someone able to exert more physical force than you.
And as for shutting down the internet. Their system relies on the internet as well, to manipulate their fake money and to con the masses into believing that it still has value. There is no physical backing left in fiat currency, and shutting down the internet would only accelerate the world towards realizing that. They cannot afford, at this point, to shut down the internet.
The internet is going down. Count on it.