Post
Topic
Board Bitcoin Discussion
Re: Trezor saved my after robbery
by
Charles-Tim
on 24/10/2020, 20:42:42 UTC
Some people do not know what hardware wallet is, but you need to be careful, because some thieves can know about it and force you to provide all necessary information needed to access it. But, you are lucky the thieves do not know what hardware wallet is. Next time, it will be good to save it in a place not accessible by thieves and other attackers.

I created an article recently about how physical money are vulnerable to theft while fiats vulnerable to governmental manipulations, while bitcoin helps to solve the both problems.

Money vulnerable to theft and depreciation until the onset of bitcoin
Before the onset of bitcoin, all types of money were either vulnerable to theft or depreciation, there was a time in the past when there was money but no bank, people will still think of a way to protect their money, but at the time, money were vulnerable to theft. So, later comes bank, to help individual to keep their money, fiats was adopted and was accepted by all countries of the world, and money centralized regulation evolved. Now, fiats are manipulated, the manipulations are from governments because fiats are centrally regulated and due to this, money owned by individuals are manipulated and making fiats to be a depreciative asset. 
Money like gold that are physical are more vulnerable to theft while fiats kept in banks are more vulnerable to governmental manipulations. All these do not make money characteristics to be completely fulfilled until the onset of bitcoin that created indirect bridge known as blockchain between fiats and cryptocurrencies. Now, people can hold bitcoin in a way to do away with theft and central (governmental) manipulations.