With Bitcoin I can •be anonymous •hold my own money without relying on a bank •not worry about being robbed of my gold •not let anybody else dictate where I spend my money •not let anyone else know how much money I have •backed up by math, instead of literally nothing (USD) •controlled rate of inflation with a hard cap on the amount of money that will ever exist
Sure, there’s price volatility but to ignore the useful functions of crypto is to be a Luddite and being such, is irresponsible and being irresponsible is dangerous.
Sure, you could trade precious metals but where will you store them? What about civil asset forfeiture?
If you’re not willing to read up on these things, you’ll think that the only gateways to crypto are through shit places like Coinbase or other places that make you link your name to a wallet.
It’s actually easy as fuck to hold NON-anonymous coins like Bitcoin in an anonymous way. Or you could just use Monero.
I’m a programmer whose done decently well with Bitcoin since 2012, I’m ALWAYS concerned with the continuing problems of government overreach, and I enjoy crypto NOT because I’ve made slight financial gains, but because it lets me be responsible for my own money.
There are a few possibilities in terms of attack vectors that fuel people’s skepticism of crypto, which, I understand being skeptical of every single aspect of everything in the world.
Quantum computers destroying the hashrate: Coins would either develop quantum asic-resistant hard forks, or people would simply shift to another coin
SHA-256 being developed by the NSA: It’s open sourced, so that’s no worry
Intel and AMD having back doors in every computer CPU made since 2009:
These can be disabled, even though it’s a pain in the ass.
Nobody knows who invented Bitcoin: The name “Satoshi Nakamoto” screams “purposeful misdirection” to me. Probably not China or the US government.
The blockchain is permanent: Yes, and you should assume that all cash that trades hands holds fingerprints on it for at least a year. It wouldn’t be hard for a programmer to create a system with all fingerprints on cash and cross reference each against each other to figure out exactly where each physical dollar has been and with who
Whose gonna be responsible if I get hacked?
Your goddamn self. Your money, YOUR responsibility. Learn to fucking use a computer safely. Say an FDIC bank gets hacked and someone steals a bunch of money. The government is just gonna print up new, Fake money to cover that. That devalues the money that responsible people have that was never hacked.
“If the electric grid goes down, your Bitcoin will be worthless”
Yeah so will your credit card, I’m not saying don’t diversify, but make sure you buy some bullets too.
You could get phished or be the victim of a man-in-the-middle attack. So learn how to spot these attacks before they happen to you.
I value my own responsibility, that’s why I like Bitcoin, Monero and open source software
I have absolutely no proof of this, just my own half thought-out speculation, I wonder if any of these big PDF files could be purposely infected with some type of malware by people that mean to harm people that want to read through these? I hope not, somebody with more knowledge of malware should give their $0.02 on this