Post
Topic
Board Bitcoin Discussion
Re: PSA: If gold were illegal... (Gold WAS illegal!)
by
Linkkoin
on 04/02/2020, 15:41:13 UTC

I just found this link from another thread: https://bitcointalk.org/index.php?topic=5214200.msg53594883#msg53594883

What a fantastic post, lots of historical facts which were frankly not known to me. Using the gold analogy it seems Bitcoin and other crypto holders are at a massive disadvantage because all of their activity at exchanges has been logged and that alongside their bank transactions would be available to governmental agencies in a second or so of requesting/demanding them. How would crypto owners be able to tackle that when their personal information is already out there?

When it comes to Bitcoin, people should be ready for all eventualities I guess.

Technically, if you transfer crypto to the cold wallet, you can always "forget" access details to such a wallet. And good luck to anyone trying to brute force hack BTC cold wallet!