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this post was submitted on 05 May 2025
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This has by far been the biggest criticism if bitcoin since the inception. Theres nothing stopping criminals from just beating the bitcoin out of you unless you keep it in a bank lol
Is there something stopping criminals from beating your cash money out of you?
Cause usually you don't carry your money bags on you. You bank your assets that have identy verification and can track and reverse transactions.
You can kinda bank crypto too but not in the same extent yet and that kinda defeats the purpose of decentralization. So far decentralized banking is not really solved tho imo is a solvable issue.
Personally I think identity tied wallets is really the only way to patch this problem in reality which would allow society to self govern itself and prosecute and punish criminals but its so hard to do. Just look at worldcoin which is such a shit show.