USA

soks86

Once the world is multi-polar instead of "USA world police" this will be easier. But yes, it's called placement and it can be very complicated to get right. Weakening the global banking police was definitely intentional. None of this is the interest of common people.

Gears6

> N.B: I live in Europe, maybe in the USA the banking system is slower and worse? It is. We're still on old ACH that takes days to transfer. Faster is still wire, that you typically have to initiate earlier in the day for same day transfer. However, there's something called Zelle that is practically instant, but it has limitations on how much you can transfer, which varies by bank to bank.

Remwaldo1

You think all those tiny - middle size banks in USA have these security measures? And credit unions.

SpotOk4411

In the USA and bank transfers are quick here too. Bitcoin doesn’t need an ad in the first place, but this one doesn’t explain bitcoin or the problem it solves well

Xxshark888xX

I'm all pro for bitcoin, but this video is clearly not a true depiction of reality. I never had to wait for a transfer, today internet banking app are much quicker than bitcoin and easier to use (money can be sent and received 24/), this is the big difference between BTC and a banking system, BTC => slower and mining fees, even when sending to own address. N.B: I live in Europe, maybe in the USA the banking system is slower and worse?

blalah

Lol, no there aren't. That's the narrative of everyone who hates the USA, but it's simply not true. There's no country that has even the remote chance at pulling that off, and anyone who says otherwise is just uneducated.

WorkerPlayful4192

US debt will not decreasing, only increasing because it's already too big to be repayed. But USA is also "too big to fail". I expect debt to continue increasing in next decades.

roamingandy

..You mean America? I've been saying for over a year that if you listen to the things he says, this is part of a plan to replace USD. He's got no idea how to reduce USA's spiralling debt, and is instead doing what he did with his businesses. He's going ramping up borrowing instead and not making a single effort to balance the books, as the plan is to bankrupt the country. For example, 'I love inflation!' The UFC event was a test to see who pushed back if he paid those working for him in his scam tokens. There was none. So he'll start dishing out his token to his supporters and then at some point turn on the printers creating massive inflation, and making the US's debts which are held in USD (most of them) shrink. Presuambly blaming democrats, immigrants, the gays and trans people for making this the only choice. Anyone who doesn't support him will go through a massive hyper-inflation, like when the USSR collapsed. Anyone who supports him will be 'paid for their services', presumably shit-posting far right disinformation on social media, in his token, which he can use as much rapidly failing USD to top up as he likes, since he's printing the money. Every dollar he prints and puts into his new coin, makes his supporters wealthier, and those who don't support him in the US poorer. Interestingly, he's called this 'Global Scam Token'.. or something like that. Global, suggesting the scheme will roll out to those supporting his far-right take over by aligned political parties in other countries too.

jll027

Got coworkers that keep low 4 figures of crypto on a Trezor…. At least in the USA widespread wrench attacks aren’t going to happen just due to data leaks.

skynetcoder

I don't think USA will ever recover from this administration

Dexpeditions

Or Iranian! Like yeah let's compare Bitcoin to the country under sanctions for decades by the entire west and is currently at war with the USA and Israel

Hitching-galaxy

The family got banned from running a charity as they ripped off the one they set up. The USA is so broke(n)

zztopsthetop

Will maga be hated enough for them to support neutering the GOP-controlled media, for them to get rid of the GOP-stacked courts, for them to vote out anyone who takes money from oligarchs /foreign interests and to vote in people who want to actually reform things? Or will they just turn on Trump, while voting for another populist reactionary in a few years. Pretending that everything would be fixed if Trump was gone is exactly what happened in 2016. The USA needs deep institutional & societal reforms and I don't see anyone who is electable who has really thought this true yet.

FujianMonkeyKing

Oof, Good luck, USA, you guys gonna need it.

Whiskedict

It’s way more traceable than cash. And how do you get your crypto? You have to go through an “on ramp” which are normally regulated (in most of the world) like Western Union or other bank like entities. In general, globally, those transactions need to be performed by entities regulated either under money transmission laws or special crypto laws (MICAr in the EU, state money transmission laws in the USA). Those regulated entities need to check you are you. Of course folks break the law, but that’s no different than cash. It’s just easier to send crypto than it is to fly a briefcase full of cash around, which is why crypto is better for transferring value (which makes it better for the legal and legal transfers money can be used for).

GxM42

Either Bitcoin or a govt crypto. Alt coins will never get the edge over USA/China.

Honest_Elk5190

Esa es la gracia de bitcoin, que ningún banco central puede bloquear transacciones. Mira lo que le pasó a Rusia con sus activos en europa, fueron congelados. China acuña su propia cripto, pero si tú eres un socio comercial de china, confiarías en cobrar en su cripto? Y si de un día para otro decide bloquearte para extorsionarte? El oro es excelente, de no ser por su peso excesivo y que no lo podemos mandar físicamente por un cable de fibra óptica, además de que no es auditable. USA puede decir que tiene 100 toneladas de oro en fortnox, pero quién sabe si solo tiene 10 toneladas y todo esto es un scam. Sin embargo bitcoin posee todas las cualidades del oro, incluido que es totalmente enviable a través de internet (por decirlo de alguna forma), y sobre todo es auditable y público. Todo el mundo puede saber cuánto tiene cada cual. Yo no digo que bitcoin sea la panacea, tiene por delante algunos desafíos, el más preocupante para mí que los mineros cada vez están más centralizados. Si es un activo que no va a ningún lado por qué lo sigue holdeando China, que ya ha actuado contra bitcoin en su propio país, pero skn embargo no se deshace de él? Bitcoin es un arma poderosa para el ciudadano, porque se protege de la voracidad fiscal del estado, es inconfiscable, a no ser que tú proporciones las claves, y puedes transportar miles de millones de euros sin que en la aduana sepan que en tu cabeza llevas 12 o 24 palabras.

ogredmenace

USA government = 🤡 show

Bronze_Rager

What is many to you? What % of the population do you think? What about just within the USA? ' When do you think, lets say 50% of the population within a major country, will use bitcoin daily in their lives?

carsonthecarsinogen

That won’t stop inflation. Sure the USA could start looting other nations the way Trump is looting Americans but that won’t last long. Would be the start of World war 3 and the almost certain end of America as a global superpower.

LuckyWinds

> If they know your address they can see what type of neighbourhood you live in and many other data points that might be publicly available. Not an ideal situation at all Sorry but this is so dumb. There are so many neighborhoods in the USA with multi-million dollar homes. Where those homeowners most likely have easy access to lots of liquid money - whether it's cash/valuables/crypto/cars/etc. You don't hear about home invasions because the risk to reward is so low.

GettingFasterDude

River if in USA, Strike if anywhere else (and also USA).

DMVSPIRITS

Black Rock who holds the etf has better credit the USA Government lol

Horangi1987

My nephew is a high school teacher in USA. He stated that young people now have so few critical thinking skills that they need to be spoon fed every single detail of every single task down to the tiniest detail. They have absolutely zero ability to come up with the steps to do ANYTHING anymore. OP sounds like the average young adult now…they don’t even think of searching because no one told them to 🤦‍♀️

OutlandishnessLimp25

I use multiple cold wallets. However, if I was going to use an exchange to hold my bitcoin I’d choose River (if you’re in the USA, minus New York and Nevada). Sharp team, great customer service and security is always top of mind in everything they do.

Omaha_Poker

I had a smaller amount stolen from a guy in the US. The funds went to Binance. Ultimately, the company wouldn't do anything unless I filed a legal complaint with the police in the USA. It was about 1k at the time, probably about 15k now.

Away_Independent_363

This doesn't make much sense. The USA is an ally, why would they cut off TW from the dollar network?

Tipyapha

USA is the most dangerous country, there is no reason to go there.

Flat-Activity-8613

Who’s we. USA no wash sale rule yet.

Sufficient_Fuel5269

The SEC continues to move forward on its own as Congress gets stuck: more regulatory pressure, more uncertainty and another reminder that in the US USA, crypto clarity always arrives... but never when it touches.

blalah

The issue is that the two things he tried to use as a "cost of living" example, are not a cost of living example. The cost of living in the USA is genuinely extremely high. An actual example would be a grocery bill or apartment rent.

StoneHammers

U.S. Treasury is paying $3 billion a day or 1 trillion a year in interest payments on the national debt, and now were were propping up Japan's currency so they won't sell? I'm sure this is find and won't affect the value of the dollar in the coming years. USA USA USA USA!!

StoneHammers

U.S. Treasury is paying $3 billion a day or 1 trillion a year in interest payments on the national debt, and now were were propping up Japan's currency so they won't sell? I'm sure this is find and won't affect the value of the dollar in the coming years. USA USA USA USA!!

crimeo

> Bitcoin does not need more hashpower because more people transact. Not because of transaction count of people in itself. But because of total volume of wealth on the system, yes. And those will USUALLY go hand in hand though not as a matter of logical necessity. * More people, where each person is using a smaller amount such that total worth of the system doesn't change: no need * More people, where they use similar amounts each as before, and the total worth of the system spikes: yes, you need more hash to make it more expensive to 51% attack, to counteract the larger prize for succeeding, obviously Since the latter is what would make the price actually go up, that's the relevant and important one. > difficulty adjusts. If difficulty is too low for the value stored on the system, then it's not secure. I didn't say any given crypto WOULD necessarily actually increase the hash rate massively. I said that either you do, or your system won't be secure anymore. Both are bad outcomes. > But an attacker also cannot steal “the value of Bitcoin” Not all of it, but a portion of it by manipulating double spending etc, yes. And that portion that you can divert scales directly with the total value of the whole system. > Attacking Bitcoin right now is already impossible. Nonsense, the USA as a state entity for example could get enough hash power currently using nothing but just the excess slack in the existing energy grid at night, without even building any additional power infrastructure at all. They also have tons of computing hardware with more data centers than any other entity, etc. but could build more specifically in ASICs too if they wanted. > And PoS isn’t the successor to PoW. It is a different consensus model that replaces external physical cost with stake and slashing, with different trust, centralization and attack trade-offs. What tradeoffs? Show me where it's lowered security and led to any problems. Ever. Despite being running for a long time now? There are no tradeoffs. it's just 2,000x less energy completely for free. Because it's better engineered. That's it.

New-Load9905

USA need same regulation coin base is involved in scamming their own customers by allowing thousands of basement cryptocurrency to trade on exchanges while making tons on commission while customers are loosing.

GettingFasterDude

Daily DCA on River (or Strike, if not in USA).

Tendies_please

The USA could really learn a lot by looking at this legislation

Decent-Ant2454

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Greater-Israel

Once Europeans find out crypto exists after 2040 it will soar. I am european and here the EU literally fights to make it under, they evens tated the digital euro based on the digital yuan they plan to release in 2029 is to combat crypto. But from now we can expect a bit more adoption in the EU,Russia and UK at least for the 2028 and 2029 runs. For post 2065 people in USA need to lose trust in the banks probably after the banks do some haircut like they did in Cyprus in 2013 and Lebanon in 2025 and just straight up steal all your money so they can get the billions they need and send it to Brussels but in this case trillions and send them in Washington instead. For post 2080 the same but for the remaining planet. For now there is no real narratives just more and more adoption. Smaller narratives will always exist though.

tenor_tymir

Let’s see: \* The USA has a strategic BTC reserve \* POTUS released a shitcoin \* Other nation states are adopting BTC reserves \* Companies are putting BTC massively (!) on their balance sheets \* the biggest (!) wealth management companies are running spot ETFs \* the biggest sports events are sponsored by exchanges and have the most popular players under endorsements I would say: No, we’re not early anymore.

sTrAIt_oF_hOrMuZE

Just popping in to ask when the frig will the USA update their banking system? I’ve been waiting on ACH deposit since Friday. Like what frigging year is it?

crooks4hire

We’re a year out from governments like USA establishing (arguably experimenting with) their first official stake in bitcoin, and you think early adoption is over?

Greater-Israel

The geopolitical situations you refer to are all USA/Israel/UK/Turkey/Azerbaijan/Albania/Pakistan/Bangladesh made for 100 years now like always and all these guys are literally dependent on Washignton so they are controlled turmroils to guarantee the survival of the petrodollar. In reality you do not care about turkey ethnic cleansing of Greek Cypriots in 1977, or Serbs from Kosovo in 2008 or Armenians from Karabakh in 2026, but then you force yourself to believe that USA and Israel bombing Iran out of nowhere is something that USA can't stop doing at any time. It's literally controlled opposition, once they want the markets to go up the events you think matter will magically be resolved while the ones with ethnic cleansing involved will remain like they are for decades now and you do not care.

Greater-Israel

We need anarrative for that one to matter. Like some platforms adding crypto payments and tax benefits to crypto. Globally even. USA it's just 20-30% of the market after all.

TheresNoSecondBest

>if you’re the USA or China with a money printer then that essentially is infinite money. Price insensitive to fees. Fees mean fuck all to rich people or people with resources. and the fees are already cheap as it is, so i can’t see how “fees” are a valid argument. In that case, **nothing will stop them from spamming the bitcoin network with billions of dust transactions**. No need for jpegs or whatever.

Jellydude25

Bro. How often care you making transactions on the blockchain!? I don’t care if my transaction costs a few more cents. CENTS. Fuck bip110. I’m glad the split happened and that it’s failing only 1 day in.. I don’t see Bitcoin becoming the World’s next financial reserve currency anytime soon. And I’m sure as hell not going to be spending my Sats on lunch, just to create a taxable event, on food that is already being taxed! (USA problem) As far as I see Bitcoin, it is another speculative financial asset / product that also hedges against the demise of Fiat and Fiat systems. That’s it.

Effective-Ad5644

if you’re the USA or China with a money printer then that essentially is infinite money. Price insensitive to fees. Fees mean fuck all to rich people or people with resources. and the fees are already cheap as it is, so i can’t see how “fees” are a valid argument. That’s just plain stupidity, bad faith, or pure laziness to defend bitcoin. Bitcoin gives people power and the apathy and the lack of urgency, to take this serious is mind blowing to me

Todo_es

Examples: México: Female president for the first time ever, and México is doing better than ever. She is kind, honest, firm, smart, brave, stable, decisive, just, rational. USA: Trump, worst president in US history. He is corrupt, stupid, coward, felon, pedophile, rapist, traitor, volatile, childish, snowflake, narcissist, fascist, racist.

Suibeam

Why would the US government do this lol. That money is peanuts for countries like USA, China and Germany.

Dutchpapersilver666

Get the USA government in it even more, brilliant

StormMourn

Well now that Todd Blanche is officially confirmed, the IRS will never go after him! Yay democracy! USA! USA! USA! 🇺🇸

Mythechnical

Getting the US government & institutions into crypto is a little bit anathema to the whole vibe of crypto though, especially when the leader of USA is a grifter.

OldWolf3

I didn't even mention electric cars or coal burning, what are you talking about? Private transport is a small fraction of total emissions. Bitcoin mining uses as much electricity as a mid-sized country \>There’s nothing being done in western countries to cause climate change.  Not related to my point, but this is also false . The top per-capita emitters other than microstates are Saudi Arabia, Canada, Australia, Russia and the USA .

Speedstick2

But where is insurance to reimburse you when it gets tested and it fails? In the USA you atleast get $250k per institution.

uncapchad

seen how many attacks USA has had on water facilities lately? 5 Hedge Funds also had attempts (data is safu, they claim). American Airlines was grounded for a day or so due to a nation-wide IT outage ("a technology issue" is all they would say.) These days you need to check a variety of news sources because much much much is going on already, imo. Cracks are appearing everywhere

Objective-Choice6518

Stupid USArs like to do stupid USA things to think they're free

Murky_Persimmon9289

Or USA

The_Faceless1

>the thing is USD will never fall -50% Yes but how about those who live in high inflationary country? like turkey, argentina, etc. Its not only USA in this world, heck, compared to every other asian country combined the US is nothing. Not saying that the USD will have high inflation, but your total population in this world doesnt even matter.

bleeeeghh

They can enjoy the money for a bit. But AI cuts both ways and big eats small. If they're sitting on a big enough stack, a bigger crook (Hi USA) will find them and legally add their stack to theirs.

Ainz0oa1Gown

How is he being able to do all of that? The USA became a monarchy? WTF is going on?

ContentBlackberry0

Who even knows if they are from USA.

optrin

Yep, in the USA.

jimmyjohnga

You’re correct but the USA has never been a direct democracy for a reason

Insight_Outlook

Unless the CEO and CTO have fled to Russia or North Korea or somewhere where the USA authorities can't get to them, it is a safe bet it wasn't them who stole the money.

demoman45

He’s gonna become vice president of the USA next election cycle

burusai

Ain’t no way that guy is still in USA. He most likely took the funds and flew to Dubai or another safe haven that won’t extradite him.

Technical_Customer_1

FDIC insurance was created in the USA in 1933. There aren’t many Americans alive who experienced bank failure and “lost it all”

Sad-Razzmatazz8047

There is literally nothing to suggest a bounce is round the corner. I’ve been surprised before however, but memories of getting ass fucked by the literal president of the USA with trump coin are still fresh in retails minds. Not just sentiment, but opinion on crypto is the lowest I’ve known it to be since 2012.

nameless_food

Can’t say this any better. The USA has turned into a parody of itself.

h3rpd3rp3

I've never heard of coldcard (somewhere in Europe)... Is this a Canadian / some of USA issue only?

reddit_1999

this is the result of years of brainwashing people that "both parties are equally corrupt" so that everyone is apathetic. Newsflash - NO, they're not! Please vote your asses off in November and maybe we can save this experiment called the USA.

TheBlacktom

It feels like we are living in a caricature of reality. USA, Russia, China, Israel, etc are all caricature versions of themselves.

Itchy-Acanthaceae841

Somehow I think it will go like this till the Russia and Ukraine shit stops + Iran and USA shittalk stops. That’s my sign for bull market. Nothing else.

slavikthedancer

Add USA to the list

v1t0z

# Ключевые акционеры и владельцы Reddit 1. **Advance Publications (Семья Ньюхаус) — \~36% акций** Untaylored * **Тип:** Крупнейший акционер (контрольный пакет голосующих акций). Untayloredі ще 1 * Американский медиаконгломерат (владелец издательства Condé Nast, журналов *Vogue*, *Wired*, *The New Yorker*). Именно они выкупили Reddit еще в 2006 году. Untayloredі ще 1 2. **Tencent Holdings — \~11% акций** Untaylored * **Тип:** Стратегический инвестор. Untaylored * Крупнейший китайский технологический гигант (инвестировал $150 млн в Reddit в 2019 году). Untaylored 3. **Сэм Альтман (Sam Altman) — \~8.7% акций** Untaylored * **Тип:** Частный инвестор. Untaylored * CEO OpenAI, инвестировавший в Reddit на ранних этапах и долгое время входивший в совет директоров. Untaylored 4. **Fidelity Investments, Vanguard, BlackRock — \~15–20% (суммарно)** * **Тип:** Институциональные инвестиционные фонды. 5. **Основатели и топ-менеджмент — \~3–5%** * **Стив Хаффман (Steve Huffman)** — сооснователь и текущий CEO. Untaylored * **Алексис Оганян (Alexis Ohanian)** — сооснователь (значительно сократил свою долю). Untaylored # Официальные адреса Reddit # Untaylored # Головной офис (Headquarters) # Untaylored * **Юридический и почтовый адрес штаб-квартиры:** `548 Market Street, Suite 16093, San Francisco, CA 94104, USA` *(Офис находится в финансовом центре Сан-Франциско, Калифорния)* Exaі ще 2 # Ключевые региональные офисы и подразделения # Exa * **Великобритания (Лондон):** `5 New Street Square, London, EC4A 3TW, United Kingdom` *(Главный европейский хаб компании)* Exa * **Нидерланды (Амстердам):** `Keizersgracht 62, 1015 CS Amsterdam, Netherlands` *(Офис продаж и разработки в регионe EMEA)* Exa * **США (Нью-Йорк):** `Advance Publications / Condé Nast: 1 World Trade Center, New York, NY 10007, USA` *(Адрес офиса материнского холдинга Advance Publications)*Just look

v1t0z

# Ключевые акционеры и владельцы Reddit 1. **Advance Publications (Семья Ньюхаус) — \~36% акций** Untaylored * **Тип:** Крупнейший акционер (контрольный пакет голосующих акций). Untayloredі ще 1 * Американский медиаконгломерат (владелец издательства Condé Nast, журналов *Vogue*, *Wired*, *The New Yorker*). Именно они выкупили Reddit еще в 2006 году. Untayloredі ще 1 2. **Tencent Holdings — \~11% акций** Untaylored * **Тип:** Стратегический инвестор. Untaylored * Крупнейший китайский технологический гигант (инвестировал $150 млн в Reddit в 2019 году). Untaylored 3. **Сэм Альтман (Sam Altman) — \~8.7% акций** Untaylored * **Тип:** Частный инвестор. Untaylored * CEO OpenAI, инвестировавший в Reddit на ранних этапах и долгое время входивший в совет директоров. Untaylored 4. **Fidelity Investments, Vanguard, BlackRock — \~15–20% (суммарно)** * **Тип:** Институциональные инвестиционные фонды. 5. **Основатели и топ-менеджмент — \~3–5%** * **Стив Хаффман (Steve Huffman)** — сооснователь и текущий CEO. Untaylored * **Алексис Оганян (Alexis Ohanian)** — сооснователь (значительно сократил свою долю). Untaylored # Официальные адреса Reddit # Untaylored # Головной офис (Headquarters) # Untaylored * **Юридический и почтовый адрес штаб-квартиры:** `548 Market Street, Suite 16093, San Francisco, CA 94104, USA` *(Офис находится в финансовом центре Сан-Франциско, Калифорния)* Exaі ще 2 # Ключевые региональные офисы и подразделения # Exa * **Великобритания (Лондон):** `5 New Street Square, London, EC4A 3TW, United Kingdom` *(Главный европейский хаб компании)* Exa * **Нидерланды (Амстердам):** `Keizersgracht 62, 1015 CS Amsterdam, Netherlands` *(Офис продаж и разработки в регионe EMEA)* Exa * **США (Нью-Йорк):** `Advance Publications / Condé Nast: 1 World Trade Center, New York, NY 10007, USA` *(Адрес офиса материнского холдинга Advance Publications)*

flashdurb

Self-custody is really a “bragging rights” type thing really. It will never been a relevant necessity to “be your own bank”, and it’s 2026 and 99.9% of retailers do not accept it and will never become mainstream currency. That goes double with a *hard* “never” if you live in the USA, Canada, any EU country, or really any first would country. Assuming that describes you, much more advantageous to treat it like stock. I bought in during Covid at 5k, sold at 105k. Imagine if you had done that too. Rinse and repeat (tip: BUY NOW)

Ninjanoel

Cryptocurrencies are "digital scarcity", that is the breakthrough feature that powers everything, if bitcoin was copied and pasted like a gif, it would be worthless like all the gifs on our phones. AS SUCH, where it is stored is almost unimportant with one HUGE caveat, that being that currently the "trad fi" banking system is unable to provide services to people that can't KYC correctly, so no kyc therefore no cryptocurrency in a bank bank account cause no bank account in the first place. So cryptocurrency is solving two problems... 1. collapsing fiat and 2. half the planet with no banking services. 1. Sure if you lucky enough to live in the USA the dollar is alright, mostly, but fiat has collapsed and is collapsing all over the planet for millions if not billions of people. 2. If you've no banking services then you already stashing cash under your bed, and stashing cryptocurrency is far easier and safer, how often does "cash under bed" go wrong compared to "crypto in self custody"? Self custody will get better AND people will understand it more, so like everyone used to be scared of email, we all got educated about it AND email got easier to use, same is bound to happen with cryptocurrency.

KinnerdtheWizard

You assuming I think the USA is the world is stupid in of itself bud because our involvement with the world is well, more than everyone else.

JoshCoBrew

Donald Trump is the worst thing that happened to the USA. FIFY

LargeSnorlax

76 attacks **ever** over 10 years, the vast majority of which are from influencers. For reference, the number of kidnappings last year in Canada alone was over 4,000. In the USA, it's over 200,000. We won't even get into the rest of the world, let alone places where you can actually be kidnapped over nothing. All puffed up nonsense meant to scare you away from Crypto, the chances of you being wrench attacked are like 0.00000000001%.

CleanBaldy

My wife's fathered died and left her cash. She was investing it as cash and the thief turned it onto crypto to steal it from overseas. It wasn't that she lost her crypto, she was robbed of the cash. I'd think anyone would and should car about crypto or cash being robbed in mass quantities? And yes, when you withdraw crypto you have to pay taxes on it. At least in USA you do...

tedusam

USA is a 3rd world country as well

flashdurb

From a third world country and have no idea what I mean? Tldr: USA markets dictate everything even crypto

Adamn27

>which means no taxes on capital gains. Epic win. USA?

VegetableKoala7759

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Which_Drop_5877

The USA prints 500 million dollars a day. That's the biggest security flaw in keeping any amount of cash "safe".

enpoopification_of_R

China, the UK and the USA are some of the biggest holders of Bitcoin as well as scum like BlackRock. This is the 'alternative' you're looking for? You're just making a parallel system with the same people in charge

Chili-Pepper_Supreme

Generally… no. I don’t know about Canada but not in the USA

Chili-Pepper_Supreme

Yeah… but theft is not tax deductible in the USA

PleasantDreamsicle

If you’re in the USA I would file a IC3 complaint. It’s probably worth almost nothing but at least it starts a paper trail. And official documentation. https://www.ic3.gov/

mCProgram

Financial instruments, at least in the USA, and at least before the current administration were moving towards full strict liability - which wouldve made this a pretty slam dunk case. Still definitely pursuable but going to be much harder unless you cherry pick your federal district and have lots of money to drop (or find a major major law firm willing to take it on winnings, which they probably wouldn't right now).

omni_wisdumb

I agree in theory. But you assume each unique wallet is 1 unique user. You also assume each wallet belongs to someone that wants to not be anonymous, or lives in the USA where there is legal jurisdiction, or even didn't lose access to their own wallet and would know it's lost (or could retrieve the funds). But more so like I said, it could be an insider and they just shut the company down and get away with it..either way a company that small isn't going to be solvent for such a large judgement.

Solana_Maximalist

It may not pass until USA has accumulated 1M Bitcoin in national government wallet. It has over 300k now

Solana_Maximalist

When USA and China starts accumulating I think we can see 25% days. Nation states will someday keep their reserves in Bitcoin.

Public_Cod7301

ByBit and Rizon, i used both in USA and worked great. ByBit does have better cashback.

harl_vann

I’m not a US citizen so watching all the political shenanigans around the Clarity Act is quite entertaining. For me, the irony is the argument that in order to lead the world in crypto the USA needs this regulatory “clarity” but if the USA didn’t already dominate the market then nobody would pay any attention to it.

DesertDissident

With credit cards, it's less you "get your money back" so much as being absolved of the obligation to pay a debt you didn't take on (or credited for future debt if you overpaid). That is trust in the CC system more than it's trust in the currency. It's entirely possible to invent a CC backed by BTC instead of another fiat currency. However, your bank is lending out the overwhelming majority of your deposits which risks an epic liquidity crisis that you either lose directly or gets "solved" by the government by printing money. In the USA, there is FDIC insurance but that only covers about 1.5% of the total liability (hence the "too big to fail" bailouts because FDIC is far more frail than people realize). You may not lose your money in the bank in denominated terms (apart from shady fees) but the buying power is being continuously debased by a government-controlled central bank. It's true that the value of BTC drops sometimes too, but it trends upward over time because it is deflationary instead of inflationary (with volatility largely due to the a relatively small adoption rate when compared to government currencies). Of course larger, more established systems benefit from more users (more consumer products, less volatility) but I still trust cryptographically protected P2P networks more than I trust bankers and politicians in the long term.

BestialitySurprise

If you don't know what you're doing, it's best to just buy as you can while the price is way below its high. I personally think it's going to continue to dip towards $50k and think the USA is going to get slammed with a recession by next year which is going to definitely bring the price down further, but i could be wrong and you don't want to sit out waiting just based on my opinion. Honestly though, bonds are the better, safe investment right now although you need a minimum of $1000 to buy one.

spencerocean

You are doing so great bro. Just keep holding the Bitcoin in my opinion. The other half, cash is king and you can always carefully decide how to invest that. Maybe you can invest in USA S&P500 through a bank without too many fees, or keep stacking Bitcoin with DCA. 🙏🏼