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My banking account can never be seized by a govenment, and I can liquidate them whenever I choose, wherever I choose. Indeed, I can buy a beer with my bitcoin
by Frogolocalypse 9y ago
My banking account can never be seized by a govenment, and I can liquidate them whenever I choose, wherever I choose. Indeed, I can buy a beer with my bitcoin at any time of my choosing.
- bduerst 9y agoThat's not really a threat vector that most people worry about.
- Frogolocalypse 9y agoMost people don't understand or appreciate risk, no.
- bduerst 9y agoOkay then. What's the probability of the government seizing your bank account?
- Frogolocalypse 9y agoHigh. https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United_States https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United... I think when bitcoin is measured in the multi-trillions, the temptation for the US government to raid american bitcoin exchanges will be too great. And they have form.
- bduerst 9y agoWhat is "high" probability? 80%? 70%?
- emodendroket 9y agoWhat's more, Bitcoin is subject to risks your bank account is not.