You can't shut down every internet connection or/and every BTC/ETH node.
You're funds aren't on your wallet they are on the blockchain. With the key phrase written on a paper you can access your funds from any device with a connection in the future if anything drastic happens to your software or your national internet grid.
What is your alternative to storing large amounts of assets away from the long arm of the system?
Precious metals: Too many, too dangerous to store residential, dont trust deposit boxes
Real estate: They're coming for that soon
And look into Monero that's the real deal. And learn about DEFI.
Any concerns about quantum computing decrypting Blockchain?
Hasn't FBI already successfully traced Bitcoin transactions to catch pedos?
I'm not really pro or con Bitcoin. I think it has its advantages and disadvantages. The concept is interesting and maybe can be improved upon. Much of criticism of Bitcoin is silly coming from people dealing in fiat Jew bucks aka federal reserve notes which is worthless paper especially when Biden prints $16 trillion in short time diluting the whole supply to cover up crimes in Ukraine.
Theoretical quantum computers, if successfully built, is a threat to all encryption. Blockchains adds time complexity for each block appended to the chain. It will be the last system to break, and won't be of any use if that happens as the market valuation would instantly drop to $0 shortly after the first theft occurs.
Then a fork would be made, using a new quantum secure algorithm and a snapshot from before the thefts begun. This will restore everything almost instantly, while your bank will be fucked, any secured information you had encrypted will remain leaked and lot's of other problems.
FBI has never traced Bitcoin transactions in order to find people, this is outright bullshit. All fake news media FUD claiming this leaves out one important detail, and this will get you busted no matter how you pay.
Everyone who's gotten caught has done something stupid, like live streaming their crime from their own KYC verified fakebook accounts. They withdrew a large chunk of cash from their bank (serial numbers logged) and got their faces plastered allover the surveillance cameras, then the receiver of the payment shows up to the same bank, with the same large chunk of cash and want to deposit it to their account. Bam, now you're both busted. And it has nothing to do with medium of exchange, just some basic police work.
They are so afraid of people having an alternative.
No, they're not.
It is the most stupid currency imaginable.
Nothing in your hand and online. Like every other scam jacker.
How do get money out of phone. Phone don't work, no money. The dumbest.
At what fucking point. Seriously even monkeys are smarter.
You can't shut down every internet connection or/and every BTC/ETH node.
You're funds aren't on your wallet they are on the blockchain. With the key phrase written on a paper you can access your funds from any device with a connection in the future if anything drastic happens to your software or your national internet grid.
What is your alternative to storing large amounts of assets away from the long arm of the system?
Precious metals: Too many, too dangerous to store residential, dont trust deposit boxes
Real estate: They're coming for that soon
And look into Monero that's the real deal. And learn about DEFI.
Any concerns about quantum computing decrypting Blockchain?
Hasn't FBI already successfully traced Bitcoin transactions to catch pedos?
I'm not really pro or con Bitcoin. I think it has its advantages and disadvantages. The concept is interesting and maybe can be improved upon. Much of criticism of Bitcoin is silly coming from people dealing in fiat Jew bucks aka federal reserve notes which is worthless paper especially when Biden prints $16 trillion in short time diluting the whole supply to cover up crimes in Ukraine.
If quantum computing starts to look possible it would be straightforward for BTC to switch to cryptographic algorithms that are quantum-proof
Theoretical quantum computers, if successfully built, is a threat to all encryption. Blockchains adds time complexity for each block appended to the chain. It will be the last system to break, and won't be of any use if that happens as the market valuation would instantly drop to $0 shortly after the first theft occurs.
Then a fork would be made, using a new quantum secure algorithm and a snapshot from before the thefts begun. This will restore everything almost instantly, while your bank will be fucked, any secured information you had encrypted will remain leaked and lot's of other problems.
FBI has never traced Bitcoin transactions in order to find people, this is outright bullshit. All fake news media FUD claiming this leaves out one important detail, and this will get you busted no matter how you pay.
Everyone who's gotten caught has done something stupid, like live streaming their crime from their own KYC verified fakebook accounts. They withdrew a large chunk of cash from their bank (serial numbers logged) and got their faces plastered allover the surveillance cameras, then the receiver of the payment shows up to the same bank, with the same large chunk of cash and want to deposit it to their account. Bam, now you're both busted. And it has nothing to do with medium of exchange, just some basic police work.