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Every time I see these stories I'm glad I keep all my bitcoin in my own self-custodial wallet. Not your keys not your bitcoin. You keep fiat currency in a bank
by siwatanejo 3y ago
Every time I see these stories I'm glad I keep all my bitcoin in my own self-custodial wallet. Not your keys not your bitcoin.
You keep fiat currency in a bank? HFSP
- baz00 3y agoEnough to eat for a couple of years. I keep my fiat currency in property.
- siwatanejo 3y agoOnly property? Don't keep all eggs in the same basket. I keep my net worth in both property and bitcoin.
- baz00 3y agoI can't live inside bitcoins.
- xcdzvyn 3y agoThat seems like a poor use of capital.
- baz00 3y agoWhat would you do with it?
- baobabKoodaa 3y agoThat's not what "fiat currency" means.
- baz00 3y agoI know. I said exactly what I meant to say.
- baobabKoodaa 3y agoYou keep stacks of 100 dollar bills inside your physical property?
- mschuster91 3y agoThe dude who's been hunting for his hard drive with his wallet keys on a dumpster yard would like to speak a word with you. Or those who had their disks seized by the government and the coins auctioned off. Or those where someone placed malware on their PCs or phones and exfiltrated keys.
- thriftwy 3y agoYour bank account can sure ve seized by the government and even not auctioned off.
- IshKebab 3y agoThat's far less likely in most Western countries. Whether or not bitcoin is safer than a bank depends on where you live. But in the West it definitely isn't. If you live in the third world, sure.
- johngladtj 3y agoTell that to all those Russian oligarchs that got their assets frozen
- siftrics 3y agoTo be fair to the parent commenter, they specifically said "the West", which is exactly the opposite of Russia. That said, I do think freedom to transact is an essential human right yet to be enshrined.
- raincole 3y agoI alwasy find it amusing that people on HN hate governments, big corps and banks so much... but when it comes to real money they trust these institutions full-heartedly (and downvote any alternative).
- sokoloff 3y agoIt turns out that way more than one person is on HN and they don’t always agree on every topic.
- raincole 3y agoYes, and I believe upvoting/downvoting reflects how HN people collectively think to some extent. I might be wrong and the upvoting/downvoting can be all artificial, of course.
- Lemmi 3y agoHahaha cute. Love your self management. Just have the balls later when you loose access :-)