Well there's a reason the whole crypto community goes "not your keys, not your coins". People have been brainwashed since birth into thinking the banks are somehow legit. Even tho we've already seen exactly how they prevent people from accessing what's supposed to be their own money.
First they came for the "far right" and the "nazis" and nobody stood up. Now they're going after people who where at DC on Jan 6th, it's the sad truth, people who where in DC getting their bank accounts shut down and their money confiscated.
I'm glad I switched to crypto years ago, what the hell do I need banks for anyway? Exchanges provide all the legacy protocols such as SEPA or credit/debit cards for a small fee, no questions asked.
There's DAI which is tied to the USD by smart contracts which also provide around 5% yearly interest, low fee trading between coins so that you can easily increase your DAI holdings. All tax free, because the government can't track these funds anyway.
And with the historical long term gains of crypto, who need loans anyway. In a few years you have enough money to buy a house in a nice neighborhood, with cash.
We should talk. You seem like you've got some of this figured out. I'm getting pretty bullish on privacy focused coins like Monero alongside DEXs like UNI. My issue right now is trying to cut through the jargon to get info on which things I should throw my money and time at. Alongside that I don't know a convenient way to get my coins from my ledger hardware wallet to trade without keeping it on me all the time.
It's the question we're all wondering about. You're right about privacy focused coins tho, anything that has a need in the future will certainly increase in value over time. Right now with all the censorship Ethereum and ERC20 tokens is pretty good to hold.
Privacy coins like Monero hasn't increased much yet but I'm sure they will once governments around the world becomes more tyrannic and the black market grows.
As for the ledger and other hardware wallets, I doubt they much more secure than a well maintained Linux machine which only runs open source software and no spyware. I stick mostly to hot wallets for convenience, and spread my portfolio over many of them.
One day or another I expect to lose some of the keys or get some keys exposed, so it's probably best to just spread the risk and don't put all eggs in the same basked. I mean back in the days with cash I used to hide cash everywhere, and when the banks came I had accounts in many different banks, just to spread the risks.
Imagine the balls on these guys telling you what you can do with your own money
Well there's a reason the whole crypto community goes "not your keys, not your coins". People have been brainwashed since birth into thinking the banks are somehow legit. Even tho we've already seen exactly how they prevent people from accessing what's supposed to be their own money.
First they came for the "far right" and the "nazis" and nobody stood up. Now they're going after people who where at DC on Jan 6th, it's the sad truth, people who where in DC getting their bank accounts shut down and their money confiscated.
I'm glad I switched to crypto years ago, what the hell do I need banks for anyway? Exchanges provide all the legacy protocols such as SEPA or credit/debit cards for a small fee, no questions asked.
There's DAI which is tied to the USD by smart contracts which also provide around 5% yearly interest, low fee trading between coins so that you can easily increase your DAI holdings. All tax free, because the government can't track these funds anyway.
And with the historical long term gains of crypto, who need loans anyway. In a few years you have enough money to buy a house in a nice neighborhood, with cash.
We should talk. You seem like you've got some of this figured out. I'm getting pretty bullish on privacy focused coins like Monero alongside DEXs like UNI. My issue right now is trying to cut through the jargon to get info on which things I should throw my money and time at. Alongside that I don't know a convenient way to get my coins from my ledger hardware wallet to trade without keeping it on me all the time.
It's the question we're all wondering about. You're right about privacy focused coins tho, anything that has a need in the future will certainly increase in value over time. Right now with all the censorship Ethereum and ERC20 tokens is pretty good to hold.
Privacy coins like Monero hasn't increased much yet but I'm sure they will once governments around the world becomes more tyrannic and the black market grows.
As for the ledger and other hardware wallets, I doubt they much more secure than a well maintained Linux machine which only runs open source software and no spyware. I stick mostly to hot wallets for convenience, and spread my portfolio over many of them.
One day or another I expect to lose some of the keys or get some keys exposed, so it's probably best to just spread the risk and don't put all eggs in the same basked. I mean back in the days with cash I used to hide cash everywhere, and when the banks came I had accounts in many different banks, just to spread the risks.