Quote from: Linkkoin on February 04, 2020, 03:41:13 PM

Quote from: JollyGood on February 04, 2020, 02:28:29 PM

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!

Simply Cold storage is the best wallet for Bitcoin to keep them safe from hackers but it is not safe in mishandling it and thieves, It is still prone to get lost, but cold storage is a great wallet to start if your hoarding lots on Bitcoin, and just keep a minimum amount on your online wallet for fast transaction,

Well as the OP's topic it is indeed a good read about the history of Gold and I am not aware that it is made illegal by lawmakers I thought that it is OK to get gold or just pick up a piece of it on a cave or some river and sell it for a ton of cash but I am wrong about it, You would surely need documents that you really own a ton of Gold before selling it to a bank, I guess collectors is the best option to make you sell when you get your hand with one.