this post was submitted on 06 Mar 2025
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United States | News & Politics
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Respectfully disagree.
Sure, there are scam coins that benefit Trump.
But Trump doesn't control bitcoin and other decentralized coins. No country can control it. Therefore, it's a safe haven in times of uncertainty.
And I rather hold Bitcoin than physical gold. Much easier to protect, transfer and sell compared to physical gold.
No, it is not a safe haven in times of uncertainty. Have you seen the price changes? It's incredibly unreliable.
And countries don't need to control it. If they can take it away from you, which they can through force, for example, then it doesn't matter that the system would still be afloat abroad. So you're still exposed.
No. Why comment if you don't understand the technology?
If done properly (i.e. self-custody and good OpSec), no one can know if you own bitcoin and how much. And if you are really paranoid, the more obscure privacy coins like Monero make it very easy to conceal your holdings. Which is why they are getting banned across the world.
So no one can take it through force, because they don't even know you have it.
Imagine walking up to someone with a large wrench and beating them until they give you the keys to their Monero.
Maybe 0.001 percent of people actually have Monero. The other 99.99% of people you torture will not have anything.
So what if Gilead takes over and you have to escape to Canada to be safe?
Good luck taking property or physical assets across a border. But crypto... Easy peasy.
Disrespectfully disagree.
Your buttcoin is worthless and always will be.
What about when Canada cuts off the energy supply and you're dealing with rolling brownouts?
it's easier to protect, transfer, and sell in a stable society. When you're dealing with periods of instability, you're facing the kind of crises that may may it difficult to even access the coin at all. If for whatever reason you can't get online, because of the kind of disruptions Trump is causing, it ceases to be so effective.
Bitcoin relies deeply on functioning infrastructure which is exactly the kind of shit Trump is trying to tear down.
This an extremely privileged attitude. Try living in a country with only a few hours of power a day that is tightly regimented out to citizens, and see how useful crypto is.
Because for real, with the instability Trump is bringing, the US could end up in that boat a lot faster than you think, especially with its aging, failing power grid.
If the infrastructure that supports bit coin goes down you’re in a lot more hurt than not having access to money. And more than likely a shiny yellow rock isn’t going to mean shit when winter rolls around and there’s no electricity.
Again, why comment on something when you don't understand it?
You definitely don't need a stable supply of energy to own and trade Bitcoin. You don't even need markets or exchanges. You don't need a stable internet connection, or an internet connection at all. You just need the ability to send a minuscule amount of data to the internet. And you could even do it by passing a piece of paper to someone who has the ability to connect to a proxy.
Fucking poor kids in Africa own bitcoin. Usually through a very cheap prepaid mobile phone plan that doesn't even have proper internet access. In fact, it is rapidly replacing USD cash as a store of value in the third world. Don't talk out of your ass if you've never been to a third world country.
Only mining is energy intensive, but it can be done anywhere.