4 ms·
While I tend to agree with your argument, there is a difference: crypto is safe if no one knows it exists, or rather no one can link ownership to owner. It's v
by ur-whale 5y ago
While I tend to agree with your argument, there is a difference: crypto is safe if no one knows it exists, or rather no one can link ownership to owner.
It's very hard to do this with gold.
- almost_usual 5y agoSo you accrue wealth and can never use it. What’s the point?
- dannyw 5y agoPlenty of ways to use crypto wealth. It isn't that hard hard go from accessing Tor on a public WiFi, to say cashing out $100k in physical cash.
- lottin 5y agoI think you're missing the point entirely. The government can't seize your virtual coins, but the only point of money is to spend it on actual goods, which the government definitely can seize.
- asdff 5y agoHow is this different than burying gold?
- singlow 5y agoA. You can store redundant copies in various secret locations. B. To bury gold you must transport the valuable property in meat space to your hiding spot after acquiring it. With cryptocurrency, you hide the secrets before they have value and transfer the funds to them without new data actually traveling to the hiding spot, electronically or physically.