TIME TO CHANGE BANKS
(media.patriots.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (73)
sorted by:
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.
Enlighten us then oh great one, with your expertise and wisdom regarding fiat currencies versus value based ones and the in and outs of the factorization of very large composite numbers in less than polynomial time…
You first.