Quote from: pooya87 on September 11, 2022, 06:51:21 AM

Quote from: yousefh on September 09, 2022, 07:25:13 AM

it is only a matter of time until people are convinced that cryptocurrencies are the only escape from the economic damage caused by wars and chaos

Let's not confuse cryptocurrencies with bitcoin. There is a huge difference since majority of cryptocurrencies are centralized and useless. They'll do more damage than good when people buy them. Not to mention that a lot of them have no cap, meaning they can be printed unlimitedly just like fiat currencies.

Bitcoin is the only escape because it has a limited supply, it is useful, it is highly secure and immutable, and it can work as a hedge against inflation in times of chaos.

Quote from: yousefh on September 09, 2022, 07:37:36 AM

how many times in history that a country started to seize & confiscate their own citizens assets to cover the cost of war?
people need Crypto now more than ever, they just need to be educated more about it

Exactly why I believe altcoins should be avoided, the government can easily seize them too. For example all it takes to shut down stable coins and to confiscate all your money is to kick down the door of the company that controls it (eg iFinex Inc for Tether, Binance for BNB/BUSD/etc, Ethereum foundation for ETH, Ripple foundation for XRP).

Yes, thanks for the clarification, that's what i meant, Btc since the whole thread is about it.