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this post was submitted on 05 Jun 2025
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I love how the whole pitch with crypto was that it's "more secure" but if you lose the specific drive with the key on it it's completely worthless and cannot be retrieved and also if someone else finds it instead they can just steal it from you and they can actually just trap you in an apartment and torture you for the key too
Meanwhile if you have a regular bank account they don't just give any random asshole who shows up with your card full access to your money since they have multiple layers of verification and it's also insured even if someone does fuck up massively
Earnestly, it seems way more useful for states seeking to escape the US monetary system than individuals. If North korea wants to store its money in a way that the US can't just neuter trivially (as they did with Russia's US dollar reserve), then bitcoin is not the worst option.
I'd watch the hell out of a movie called "A Very Bad Day for a Tech Bro".
Just read the news where this literally happened in NYC
reading this article like tbh this could have been way way way way way way way worse for the guy who got tortured
[proceeds to compare bitcoin you can actually secure with banks where none of the security measures are under your control]
Guess that's "can actually be secured by you" vs "convincingly secure for you".