Re:PwC Hong Kong first Big Four firm to accept bitcoin
by UncleMeat on Friday December 01, 2017 @08:22PM
(#15829459)
Why not just hold bonds?
Re:PwC Hong Kong first Big Four firm to accept bitcoin
by Frogolocalypse on Friday December 01, 2017 @08:36PM
(#15829530)
My banking account can never be seized by a govenment, and I can liquidate them whenever I choose, wherever I choose. Indeed, I can buy a beer with my bitcoin at any time of my choosing.
Re:PwC Hong Kong first Big Four firm to accept bitcoin
by bduerst on Friday December 01, 2017 @08:42PM
(#15829560)
That's not really a threat vector that most people worry about.
Re:PwC Hong Kong first Big Four firm to accept bitcoin
by emodendroket on Saturday December 02, 2017 @07:40AM
(#15831639)
What's more, Bitcoin is subject to risks your bank account is not.
Re:PwC Hong Kong first Big Four firm to accept bitcoin
by Frogolocalypse on Friday December 01, 2017 @08:44PM
(#15829569)
Most people don't understand or appreciate risk, no.
Re:PwC Hong Kong first Big Four firm to accept bitcoin
by bduerst on Saturday December 02, 2017 @01:27AM
(#15830547)
Okay then. What's the probability of the government seizing your bank account?
Re:PwC Hong Kong first Big Four firm to accept bitcoin
by Frogolocalypse on Saturday December 02, 2017 @02:50AM
(#15830813)
High.
https://en.wikipedia.org/wiki/Executive_Order_6102
https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United...
I think when bitcoin is measured in the multi-trillions, the temptation for the US government to raid american bitcoin exchanges will be too great. And they have form.
Oh yes there is. Bitcoin is deflationary, so your money isn't debased while you hold it. I don't ever intend to exchange my bitcoin for any other currency unless I'm purchasing something.