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> if a government wants to freeze your crypto assets, they can do so easily They can, but only if they get physical hold of you and like, threaten you with a $
by tasuki 5y ago
> if a government wants to freeze your crypto assets, they can do so easily
They can, but only if they get physical hold of you and like, threaten you with a $5 wrench. This is not limited to governments, if whoever gets hold of you and threatens you, they will mostly be able to get your assets, and there's nothing anyone can do about that.
> So in all seriousness, what is the point of crypto, other than a "new stock market"?
The second time you mention the stock market. From my pov, (most?) crypto is very dissimilar to stock market. Stock market includes mostly somewhat productive assets. Crypto usually isn't productive, it's just predictably scarce. Esp Bitcoin and similar are much closer to digital gold than to stocks. See eg https://www.lynalden.com/what-is-money/ https://www.lynalden.com/what-is-money/