3 ms·
> "protecting value". Protecting value as in: other people can't take it from me short of physically torturing me. And that'd be assuming they even know I hold
by ur-whale 5y ago
> "protecting value".
Protecting value as in: other people can't take it from me short of physically torturing me. And that'd be assuming they even know I hold any.
Also: I can donate it to whomever / whatever cause I want, whenever I want without anyone, any law or any government being able to prevent me from doing that.
Also: I could be rich, I could be poor, no one knows, even folks in my close social network. My net worth is my business and mine only. Things only become visible when I actually decide to use some of it in the economy.
Bitcoin allows me to do all of the above. Very few other assets do. I consider this very "useful". The price appreciation, as I said, is just "nice to have".
- stnmtn 5y agoAs far as I can tell, everything you described (Maybe with the exception of donations) is the exact same as a bank account you don't tell anyone about. Do banks really start to bother you if you have multi-millions in there or something?
- ur-whale 5y ago> the exact same as a bank account you don't tell anyone about. You clearly have never been on the business end of law enforcement gone wrong.
- deleted 5y ago[deleted]