Quote from: Rabata on Today at 05:33:36 PM

Quote from: JayJuanGee on Today at 04:15:30 PM

[edited out]

I have been concerned for a while about what you mentioned when various exchanges were threatened with invasion. Luckily for me when the FTX exchange collapsed I had a plan a few days ago to put some money and buy some FTX tokens. But the collapse of FTX a few days later got me puzzled. I certainly would have lost a big amount.

There is lot of discussion and criticism about Bitcoin in my local area. Most of the transactions are done through the Binance P2P. One can easily buy bitcoins from there. I have also noticed that people who understand a little about Bitcoin still love to keep their money in the exchange. They still show no interest in other wallets. But there is a social awareness among them that they are very interested in Bitcoin. Some even save a small amount of bitcoins. I think it's really admirable that they have such a good idea about Bitcoin. When bitcoin roars again the number of rich people in my local area will increase ‍significantly.

On a personal level, I am not against exchanges or the use of exchanges, and I believe that it is our rights to be able to use exchanges, and it is quite likely that various governments are overreaching in their various ways to prosecute and/or to attack exchanges.

At the same time, each of us has to be practical in terms of our living in the real world and how much that we might end up losing if we have too much of our money in places that are targeted by governments or they get shut down and/or we might not get our money back.

We also have to figure out in accordance with our jurisdiction (the area that we are) how much there might be attempts to punish bitcoiners, or maybe they say that they are ONLY targeting shitcoiners or scammers, but in recent times, there frequently is not very great clarity in terms of what is being stated as being lawful or unlawful and there are surely evolving aspects of the law in accordance with bitcoin, so we should be attempting to be careful in regards to how much that we might end up becoming a target or if there might be ways that we can engage in reasonable economic activities using bitcoin and also to preserve and prepare for our own futures using bitcoin.

I am not against the government and I am not against banks, yet there still can be issues in which different entities and even representatives within the various entities have differing opinions regarding what is acceptable and what is not acceptable, and some of them are wrong and uninformed, and others merely have differing perspectives.

Sometimes there might be abilities to move from one jurisdiction to another (which sometimes could be moving to another country), but for sure, not everyone is easily able to move and some people do not want to move to another country, yet there also sometimes could be locations within certain countries in which there is more bitcoin-friendliness or even more bitcoin related networking opportunities, so the options of what is available and how to fit those matters into our lives is not going to be the same for everyone. If we live in a very hostile jurisdiction, then surely we may well want to choose whether we buy bitcoin or if we might try to be more secretive about buying bitcoin.. but still there could be some risks in some jurisdictions, but the mere fact that there are risks should not necessarily cause someone to completely forget about bitcoin since there may be some ways in which we are being lied to about bitcoin and about options in regards to bitcoin because some people are trying to dissuade us from acting within our own interest which is to make sure that we have a sufficient and adequate amount of bitcoin that fits our personal circumstances. There are some folks who lie about this matter and say that we should not have or even want bitcoin because everything is fine with fiat systems, and most of us should be able to recognize and appreciate that such assertions about "no problems with fiat" are not true....

Also, there are some people who believe that they should convert completely to bitcoin, and I don't believe that is a good idea either, and there are likely needs to be able to operate in both the fiat and the bitcoin world while we are transitioning to bitcoin, and it could take 100 to 200 years to convert to bitcoin, so many of us might not even live to get to some place in which bitcoin is the complete standard, so there surely are going to be a lot of needs to continue to have exposure to various fiat systems for many years to come.... and personally, I believe that a lot of those guys who are engaging in behaviors to have "everything in bitcoin" are likely making themselves too much of a target.. but surely some people may well want to be targets.. and that is their choice..