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Why would someone be afraid of a Gold ETF that you can buy with a free e-trade account but invest money in online monopoly money?
by rhino369 9y ago
Why would someone be afraid of a Gold ETF that you can buy with a free e-trade account but invest money in online monopoly money?
- russdpale 9y agoBecause the government can very easily seize your etf? They could even physically confiscate the gold rendering your note useless. This equivalent is logistically impossible with bitcoin and the more nodes the stronger it becomes to resisting censorship. They would literally have to buy every single bitcoin (probably at tremendous price increase) and throw away the private key. Even leaving just 1 satoshi would render this plan completely useless. And because around %15 or so of the bitcoins have been lost to los USB drives or forgotten passwords, etc that a government would never know how many are still in legit wallets. Plus satoshi has a million..
- XR0CSWV3h3kZWg 9y agoYou have third party risk. Right now for most developed countries third party risk has never been lower, but it's still there. A recent example was the bank of cyprus in 2013. If a third party controls your assets then those assets are under greater risk.