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I keep a lot of money in cryptocurrency in my cold wallets. Those can't be seized, no run on the banks there, and thus far the appreciation has been great.
by Taek 10y ago
I keep a lot of money in cryptocurrency in my cold wallets. Those can't be seized, no run on the banks there, and thus far the appreciation has been great.
- maxerickson 10y agoYour cryptocoins can be tainted by a government though. That is, the addresses can be published by whatever entity with a threat to taint addresses they send value too unless the target addresses turn the value over to the government entity.
- fweespeech 10y agoIf the threat environment involves a Government vs. You, anything that is not physical currency is dead. They can freeze your bank accounts too.
- maxerickson 10y agoI replied to a comment stating that cryptocoins can't be seized. My point was that they really don't offer much of an advantage over bank accounts in that respect, not that they were more flawed...
- Taek 10y agoThat creates a light-cone of taint, and really gambles on a big enough portion of the economy caring about taint. Also, hard to taint coins you don't realize exist. Not that I have any of those, mine are all from exchanges, but miners could easily have backup coins, as could OTC traders