Post
Topic
Board Trading Discussion
Re: What's your favorite crypto;Bitcoin
by
Smartvirus
on 11/06/2023, 21:07:55 UTC
I so much love bitcoin for the opportunities it has offered the world like;
Bitcoin is permissionless
Bitcoin is immune to seizure
Bitcoin is decentralized
Bitcoin is fast and easy to use
Bitcoin provides anonymity
Bitcoin has rendered freedom,as in financial freedom.The average youth today is interested in bitcoin today not because of it's trendiness,but also to seek financial freedom.

Bitcoin is immune to seizure
On this, i think it very much depends on where you stored your coins. Most individuals involved in bitcoin or who happen to have taken bitcoin investments often make the mistake of leaving there coins on exchanges. That's often because they don't know any better. All they know is, they own an account with the exchange they bought from and so, its safe for them.

Remember the phrase "Not your keys, not your coins"

At that point, it applies. Your not immune to seizure when it ain't your keys. Your account and coins could ve frozen or seized.

Bitcoin provides anonymity
Anonymous yes, since you can't know the person behind an address. Traceable, yes. Still, for those that own verified accounts on exchanges, you can be ID should there be a need that requires exchanges to bridge on policies. Better still, let mixers help you make all that go away.