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Posted on 2/19/21 at 5:45 pm to AndyJ
lol how are they going to go after my bitcoins...turn off the internet or something?
Posted on 2/19/21 at 5:45 pm to AndyJ
Yes, my 2 biggest fears are
1.Some type of hack, although the way it works, this seems highly highly unlikely and would require an unrealistic amount of computing power, maybe something that could happen down the line if quantum computing became a thing, bitcoin still could fork around it, but it would be a catastrophe
2. The governments play, they could just institute a huge capital gains tax on crypto specifically and then we would really need to use btc to buy coffee, which doesn't work...yet
However the higher the market cap, the more influence there will be against this. Also Janet just said this week that "investors should be careful speculating on things like btc"..doesnt sound like fighting words to me. They have also put in place some crypto supporters.
1.Some type of hack, although the way it works, this seems highly highly unlikely and would require an unrealistic amount of computing power, maybe something that could happen down the line if quantum computing became a thing, bitcoin still could fork around it, but it would be a catastrophe
2. The governments play, they could just institute a huge capital gains tax on crypto specifically and then we would really need to use btc to buy coffee, which doesn't work...yet
However the higher the market cap, the more influence there will be against this. Also Janet just said this week that "investors should be careful speculating on things like btc"..doesnt sound like fighting words to me. They have also put in place some crypto supporters.
This post was edited on 2/19/21 at 5:51 pm
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