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Bitcoins are valued 40 billion dollars right now, it's less that the net worth of Larry Page and less that the GDP of Myanmar, one of the poorest countries in t
by asjw 7y ago
Bitcoins are valued 40 billion dollars right now, it's less that the net worth of Larry Page and less that the GDP of Myanmar, one of the poorest countries in the world.
If some folks risked their 401k on bitcoin it changes nothing.
If you own bitcoins in countries where inflation is double digit and you think they will save your family, think again: they would most probably get you killed or robbed.
- vageli 7y ago> If you own bitcoins in countries where inflation is double digit and you think they will save your family, think again: they would most probably get you killed or robbed. How so? It's not like correlating who owns which address is easy, and any smart person has their funds distributed across several wallets. So if you rob me of my bitcoins and I give you access to a wallet that doesn't contain all of my funds, how would you know any better?
- alwillis 7y agoAlso, most people who have considerable wealth in bitcoin has them in a multi signature wallet, like a 3 of 5—spending the money requires the use of 3 of the 5 authorized private keys.
- alwillis 7y agoYou’re missing a digit—it’s $140+ billion, not $40 billion.