Bessent Red pill wallet coms...
(twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (54)
sorted by:
If this is possible how is crypto any better than FIAT?
The crypto was on a public exchange which is like having your money in a bank and not your own safe.
Not your keys, not your crypto.
Super simple stuff.
For some people maybe. You can tell it isn't simple to most, because if it were, then there probably wouldn't be so many anons that find it anywhere from challenging to impossible to understand.
The same can be said for people that have never used a smartphone or multiple other categories of tech.
The issue is that the people that have no experience or idea of what they are talking about tend to be the people offering up opinions on those things based on their misconceptions.
Then there's the fact that anyone could watch a 10 min YT video and get a better understanding of crypto than 90% of people that have never used it... BEFORE offering an opinion on it.... But most people don't.
There will always be idiots that try to speak on subjects they don't understand in any are of life. That's the real problem.
Let me tell you what it means to be simple:
If I have silver, and you have land, or bread, or a car, etc., I can trade my silver for your real asset if we agree on the amounts. Similarly for gold and any other real asset. That's because these assets have intrinsic value. It's value is not ambiguous, it is as clear as a fucking golden bell.
For anything that doesn't have real value, like FRNs, or BTC, or any other nonsense where you have to explain HOW it has value, it's nothing but a FUCKING PSYOP.
It's really THAT SIMPLE.
Yeah I was gonna ask how they "grabbed" it, but yeah if it was sitting in an exchange then that makes sense. Just goes to show, use your private wallet as is intended with crypto.
Pretty sure he literally said they seized their wallets, not their exchange accounts.
It’s not. It’s literally digital fiat with a few other flaws added onto it.
Bitcoin in private wallet cannot be "grabbed" by a third party. You must give them your keys for them to be able to move it off the wallet into usable form. They can always physically grab your private wallet, but cannot use or transfer the Bitcoin, ever. All cryptos, including Bitcoin on a public exchange can be stolen, just like anything else (under guise of law enforcement or "regulatory noncompliance", take your pick).
Current problem with Crypto exchanges is KYC, Know Your Customer. You can open an account without a digital ID, but if you want to move Bitcoin off the exchange to a private wallet, you are FORCED to do a digital ID so your Bitcoin is all then physically traceable to your home address.
Bitcoin is not any safer. I just grabbed a few dozen bitcoin wallets as I am typing this. Crypto is not safe!
Good question!
It actually makes it worse because they actually have to hunt me down to grab my fiat.
Your money don't jiggle-jiggle, it folds. Anyone can grab your fiat with or without you being there.
Splain me like im a liberal
Fiat is the best commodity in the world.