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I was thinking like the headline until I witnessed that a government seized assets of thousands and left them pennyless in a very short time. After coup attempt
by tradertef 5y ago
I was thinking like the headline until I witnessed that a government seized assets of thousands and left them pennyless in a very short time. After coup attempt in Turkey, 1.5 million people are investigated with accusation of being a member of armed terrorist organization (population of Turkey is ~80 million). Lots of people who could run away found their assets were frozen, and eventually legally or illegally seized. All of a sudden they were poor. Were they kept some of their assets in Bitcoin, they could easily move them out of the country. Yes, the state can still go after them but it becomes much more difficult. This alone is sufficient for me to "invest" a percentage of my assets in Bitcoin in case something bad happens. Yes, it is unlikely but anything that makes a state stronger bully should be done.
- digianarchist 5y agoThe fact that Bitcoin is a complete failure as a currency is why it's not practical to keep all of your assets in it even as a targeted person.
- tradertef 5y agoComplete failure.. haha..
- tradertef 5y agoComplete failure adopted by a nation state: https://twitter.com/nayibbukele/status/1441846960332361730?s=20 https://twitter.com/nayibbukele/status/1441846960332361730?s...
- digianarchist 5y agoNot the win you think it is.
- andirk 5y agoDon't keep all your assets in anything, including blood-fueled fiat. I have bought plenty of things, traded, gifted plenty of crypto, so to me and a lot of ppl around me, it's a currency.