Post
Topic
Board Economics
Re: "Be your own Bank with Bitcoin" - A reminder why this is so important!
by
Kakmakr
on 15/09/2022, 06:14:09 UTC
Bitcoin doesn't remove the risks of you getting mugged. If anything, it's potentially worse with bitcoin/crypto. They just hit you with a wrench at your home until you give up access to your wallet. Hence why being private/secretive about your holdings is very important!

https://cryptosec.info/wrench-attack/

Well, it's the same for anything that holds value : Your car .... your cellphone.... your Fiat wallet or even the pincode for your debit card. You are not going to stop thieves and criminals from taking wealth from you, but when you trust a financial entity from securing your wealth ...and they start denying you access to your wealth... well that is something different all together.  Roll Eyes

Also remember.... people getting robbed are isolated incidents... but a whole nation being prohibited to have access to their wealth, is something that needs to be highlighted.  Angry