Crypto theft: Moving from online to home invasion
- Thread starter schizo
- Start date
As yes the excellent "everyone who doesn't buy crypto is an idiot an leaves all their assets as cash sitting in the bank earning practically no interest" argument. It's a ridiculous argument, but especially so when you factor in that it's being made on a trading forum. If only there were financial instruments people could buy like stocks and bonds. Maybe there could even be a forum where we could discuss the topic.
The inflation argument is similarly hilarious. 5% oh my God! I couldn't possibly buy bonds that make more than that or a stock index that as a historical average returns about double that! The only way I could possibly protect myself to to buy a fraction of NOTHING since the price of that "coin" isn't even a proper inflation hedge as measured by performance to date.
And finally you have the whole "they'll never get my Bitcoin" argument, as if a government would not just arrest you personally and hold you in contempt until you turn over your keys. But don't worry, crypto owners are all Jason Bourne reincarnated and have boxes full of passports, safehouses, travel plans, etc. Plus if they are blacklisted, everyone else is going to be perfectly willing to wind up on a blacklist themselves just to help you.
Why are you wasting your time in the crypto section then if you don't believe in it? You haven't said anything none of us haven't heard before.
And your saying all this nonsense when nobody here even said anything about taking all your money out of banks and throwing it in crypto. I am explaining WHY I think my money is safer with me being my own bank. Which works for me. Other people might be illiterate when it comes to technical banking and might need the help of a bank.
Oh and trust me, it's not that easy to seize someone's crypto when you know what you're doing. You however, will probably get your crypto seized if you owned it and the government wanted it, since you don't know where or how to properly secure crypto. And there's nothing wrong with that, a lot of people who don't know what they're doing need help from the government based banking system to manage their funds.
And another thing, the banking system right now as we speak is turning to crypto for it's own solutions to it's own problems. Just read about all the banks right now that are on the verge of failing. Don't take my word for it, see for yourself...
This is the typical antisocial gibberish I expect. Basically you're saying "laws are only for other people".
Just think... If a bank was totally bankrupt and had no fdic insurance, it could have the same backing as Bitcoin. Guaranteed redeemibility for nothing by no one.
This is the typical antisocial gibberish I expect. Basically you're saying "laws are only for other people".
Just think... If a bank was totally bankrupt and had no fdic insurance, it could have the same backing as Bitcoin. Guaranteed redeemibility for nothing by no one.
Ok, then leave the crypto section then if it bothers you that bad. No one is forcing you to take part in something you don't believe in
https://finance.yahoo.com/news/a-fi...ll-corner-of-the-banking-world-143054499.html
A fintech collapse is rippling through a small corner of the banking world
...........
The saga surrounding the bankruptcy of Synapse, a 10-year-old fintech firm, puts a new spotlight on how loose webs of partnerships between venture-backed upstarts and FDIC-backed lenders can go so wrong...............
A fintech collapse is rippling through a small corner of the banking world
...........
The saga surrounding the bankruptcy of Synapse, a 10-year-old fintech firm, puts a new spotlight on how loose webs of partnerships between venture-backed upstarts and FDIC-backed lenders can go so wrong...............