TIME TO CHANGE BANKS
(media.patriots.win)
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Bitcoin fixes this.
Bitcoin fixes nothing; it’s just another fiat currency. Precious metals are the real fix.
You don't know wtf you're talking about, Bitcoin has a fixed limit.
The major problem with bitcoin is it's resource heavy and traceable because the ledger is visible to all.
If you want to lose your wealth to civil forfeiture and theft by all means buy things that can be physical seized or stolen.
So, Bitcoin can’t be lost, stolen or seized? What happens to the value when someone loses the password to their wallet?
After a lifetime in IT I have far less faith in computers and cryptography than you seem to have. All crypto systems but one can be broken. Any non-isolated computer system can be compromised.
I’ll tell you what, you do you and I’ll do me.
I'm not defending Bitcoin. Bitcoin is one of the worst crypto's to keep private. It's an open ledger and has too much overhead to be practical. I prefer Monero's method of using ring signatures. And no, it can't be seized unless you're sloppy.
Yes you can lose your crypto wallet password like you can lose your physical IRL wallet. That's the fault of the person, not the wallets.
You're probably about as much of an expert in cryptography as you are in knowing what a fiat currency is.
Fiat currencies can be created with no energy expenditure whatsoever. That is what it means when people say they are "backed by nothing". On the other hand, take a look at how much energy is required to mine a single bitcoin block. And then note that that amount is increasing all the time, and for an amount of tokens that is halved every 4 years and eventually falls to zero (bitcoin is mathematically more scarce than gold). Bitcoin's backing is stronger than any precious metal. It is the purest, hardest representation of work that has ever been devised by humans.
And precious metals have been debased, diluted, printed over, confiscated, counterfeited, etc. every single time they have been used as currency in history. Anons are naive beyond belief if they think that returning to a gold standard on the other side of this is going to fix things. After a few generations, the banks will come up with a new way to print over the gold, and the cycle will start again. Bitcoin is harder money than gold or silver, and it eliminates the need for banks entirely.
Crypto can, bitcoin is deeply flawed.