Even cryptobros are coming around the reality.
(media.scored.co)
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FBI ain't cracking my cold wallet unless they somehow download the key from my brain. Just because people are stupid with their wallets doesn't make it a problem of the medium. That's like saying houses are useless because they can be easily broken in.
Your ID is in your wallet
Your Credit Card is in your wallet
When you use it, you connect to the machine.
The fact you think your wallet matters shows the disconnect of your thinking.
These conversations are about usage not storage.
He's trying to explain that the "cracked wallets" you heard about are people who made their metamask password "1234" and then had an attacker gain full access to their system.
A properly generated and properly stored private key is uncrackable.
You don't know what you're talking about. The wallet is just an address encoded as hash and its key has been generated on a machine that has never been connected to the web.
It'd be easier for G men to confiscate my physical property and assets than get to my BTC. I can trade BTC simply by sending/receiving from my wallet (which is not tied to my name or address) to another. You can absolutely use crypto anonymously and that's exactly why many criminals prefer it even to cash. Do you think cash is not traceable? Is the IRS a joke to you?