George Soros’ fund owns bitcoin, CEO confirms.
(www.cnbc.com)
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Coinbase only has access to the coins on its exchange. If you don't hold the private keys, you don't own the coins. There's an easy way around that by storing your keys in an offline hardware wallet, or just memorizing your recovery phrase.
If the electrical grid is purposely or accidentally turned off for more than 3 days we have bigger problems to worry about than the ability to send and receive crypto.
I think many people who own crypto are in it to protect themselves against the very scenario you describe. Crypto is immune to this sort of attack because people would have to be fooled into selling for worthless paper.
Real crypto is decentralized and functions without any middleman or banker. The CBDCs are very bad news because they would put a banker in control of every transaction. It would destroy economic freedom and enslave everyone using it to the state.
People like to criticize things they don't understand and don't wish to gain an understanding of.
There's a lot of cryptobigotry here. Thanks for being someone that actually understands cryptocurrencies.
The best economy is indirect trade which doesn’t use money at all. Gifting economy.
Barter requires you to have something the other person wants. It's a good system in a small community with trust and accountability, but it has limitations. Crypto allows you to transact with anyone and is designed to work in the absence of trust (i.e. both parties are protected and no middleman is required).
Crypto is also a commie trap that would fuck us all in the end.