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but what sort of people keep their bitcoins on the exchange ? the whole point is about not being seizable by dirty governments...

lizardking 17d ago
"Number go up" people
debesyla 17d ago
Hype vibe investors, probably.
pjc50 17d ago
Traders; low information investors; people who are not 100% confident in their personal infosec and not willing to lose their bitcoins on their own. "Not being seizable" hasn't really worked out for bitcoiners who've been arrested. Or for that matter robbed at gunpoint.
- skinfaxi 17d ago
  > "Not being seizable" hasn't really worked out for bitcoiners who've been arrested. Or for that matter robbed at gunpoint. This seems orthogonal to the ability to seize assets.
- lowdest 17d ago
  There are plenty of legends of old wallets "waking up" due to the person getting out of prison, as it seems the only plausible way someone can sit on 30 BTC for 10-15 years, through all the news and price movements, without touching it once. One would only expect to hear about the successful seizures law enforcement makes.
LtWorf 17d ago
People who want to be scammed.
plopilop 17d ago
Pretty much everyone. There's a reason people lost money with ftx, Mt gox and other scams. Managing your private keys is cumbersome, error prone, requires some computer literacy, the list goes on. Tbh I have been kind of impressed by how fast L2 businesses brought back centralisation in every possible way. I guess it's more efficient for them. In the same way, the internet was supposed to be decentralised, everyone being in charge of their own servers. But in practice nobody has the time to set up their own MX servers.
jubilanti 17d ago
> but what sort of people keep their bitcoins on the exchange ? the whole point is about not being seizable by dirty governments... For most people, cryptocurrency is just another stock market / betting app.
thesuitonym 17d ago
> not being seizable by dirty governments If you believe that, I have some land to sell you
ajkjk 17d ago
Most people don't care about that at all

lizardking 17d ago

"Number go up" people

debesyla 17d ago

Hype vibe investors, probably.

pjc50 17d ago

Traders; low information investors; people who are not 100% confident in their personal infosec and not willing to lose their bitcoins on their own. "Not being seizable" hasn't really worked out for bitcoiners who've been arrested. Or for that matter robbed at gunpoint.

skinfaxi 17d ago
> "Not being seizable" hasn't really worked out for bitcoiners who've been arrested. Or for that matter robbed at gunpoint. This seems orthogonal to the ability to seize assets.
lowdest 17d ago
There are plenty of legends of old wallets "waking up" due to the person getting out of prison, as it seems the only plausible way someone can sit on 30 BTC for 10-15 years, through all the news and price movements, without touching it once. One would only expect to hear about the successful seizures law enforcement makes.

LtWorf 17d ago

People who want to be scammed.

plopilop 17d ago

Pretty much everyone. There's a reason people lost money with ftx, Mt gox and other scams. Managing your private keys is cumbersome, error prone, requires some computer literacy, the list goes on. Tbh I have been kind of impressed by how fast L2 businesses brought back centralisation in every possible way. I guess it's more efficient for them. In the same way, the internet was supposed to be decentralised, everyone being in charge of their own servers. But in practice nobody has the time to set up their own MX servers.

jubilanti 17d ago

> but what sort of people keep their bitcoins on the exchange ? the whole point is about not being seizable by dirty governments... For most people, cryptocurrency is just another stock market / betting app.

thesuitonym 17d ago

> not being seizable by dirty governments If you believe that, I have some land to sell you

ajkjk 17d ago

Most people don't care about that at all