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re: This person might have a point about crypto

Posted on 2/14/22 at 11:31 pm to
Posted by APHA
Corpus Christi
Member since Mar 2013
336 posts
Posted on 2/14/22 at 11:31 pm to
What asset which you own can the government take from you when they choose to? Answer: Everything you own; land, home, cars, bank accounts, and all other physical assets. Forgive me all except one, BTC.
Boomer here that has been trading and hodling since 2014.
Posted by Monahans
Member since Sep 2019
1255 posts
Posted on 2/14/22 at 11:35 pm to
quote:

What asset which you own can the government take from you when they choose to? Answer: Everything you own; land, home, cars, bank accounts, and all other physical assets. Forgive me all except one, BTC.
Boomer here that has been trading and hodling since 2014.

Why cant they just take the internet from you altogether?
Posted by bayoudude
Member since Dec 2007
25000 posts
Posted on 2/15/22 at 7:46 am to
I would argue that in true government clampdown Bitcoin is still worthless as you would have no way to exchange it. Banks would not process your transaction to exchange for tangible currency. Maybe you could flee the country but if it’s really that bad that is not a given.
This post was edited on 2/15/22 at 7:50 am
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