Post
Topic
Board Wallet software
Merits 4 from 1 user
Re: What do you think about trust wallet?
by
Pmalek
on 20/02/2023, 19:21:09 UTC
⭐ Merited by o_e_l_e_o (4)
Probably. But there is always the possibility that Binance are banned from operating in a given jurisdiction, and all their customers in said jurisdiction suddenly find themselves with big problems trying to access their money.
That can happen. But if we go back to the Paxos and BUSD situation, owners of those tokens still have 1 year to get rid of them. No more coins can be minted, but the ones in circulation are still on the market and everyone affected have enough time to take action.

Well, it doesn't affect me at all because I don't own any centralized shitcoins. Good luck to any US regulators trying to stop bitcoin being mined or trying to freeze my wallets. Wink
When I said you and me I didn't really mean you (o_e_l_e_o) personally, but I get your point. Bitcoin isn't vulnerable to attacks in that way. I see potential problems in pressuring the community of volunteers in doing or implementing something they don't want to. Arrests, prosecution, and that sort of thing. Other experts can take their place and resume the work in that case.

I haven't heard recent talks about large-scale mining bans. But I have no doubt that certain proposals lie in drawers in dark offices waiting for the perfect opportunity to be drawn out. Don't forget that the Arctic Ice is melting and banning bitcoin or Bitcoin is the way to do that. Roll Eyes