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> (that is somewhat backed by my government) I think you've identified one of the advantages of bitcoin. There's no counterparty risk, ie bail-ins. This is th
by 1001101 8y ago
> (that is somewhat backed by my government)
I think you've identified one of the advantages of bitcoin. There's no counterparty risk, ie bail-ins. This is the commodity gold replacement use case where the carry on Bitcoin is lower and paid by others.
- cc81 8y agoYes, but I can loose all my Bitcoin pretty easy if I lack security or if I trust someone else to hold my money and they get hacked or do an exit scam. I feel that that scenario is much more likely than the collapse of my country and bank.
- 1001101 8y agoDepends on where you live, I guess. Bitcoin is popular in Venezuela.
- al_chemist 8y ago> I can loose all my Bitcoin pretty easy if I lack security Those are interesting times. We trust government more than we trust ourselves.