But about Bitcoin, i feel it's something controlled by the gov, in that they they can:
- plug it off whenever they want, for the reasons i outlined at the end of my first post
- control its price via centralized exchanges like Bitstamp, Coinbase, etc. That's one of the things Natalya Kaspersky said
So i don't see BTC as a tool for monetary freedom anymore, as i used to do.
BTC is not value that is fully in our hands like gold/silver are.
It may be fun and useful for speculators and the many crypto-based applications that are coming out, for sure.
But it is not as "rebellious" against the monetary sovereignty as i thought it to be.
You do know that bitcoin is open source, right? Not just the wallet software but also the protocol that controls the network.
Correct.
Being open source lets the project be taken over by another team eventually.
But still, we don't have a solution for the ban on the bootstrap nodes.
Anyway, if the Cashless Society nightmare comes true one day, i certainly would not keep all my savings in crypto, but i would differentiate :
40% crypto, 40% gold & silver , 20% something else ( valuable goods or other things i don't know yet ).
When there is some degree of uncertainty on something, like the future of crypto , i think the best solution is to differentiate.
And precious metals , like it or not, are always one of the most popular options for the "preppers".