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Trump Turns Bitcoin Into Test of Patriotism (gizmodo.com)

submitted 5 months ago by FlyingSquid@lemmy.world to c/technology@lemmy.world

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[–] Kiernian@lemmy.world 0 points 5 months ago (3 children)

But they're almost all using it STUPIDLY, aren't they?

How many people who purport to have Bitcoin actually hold their own private key?

[–] shortwavesurfer@monero.town 4 points 5 months ago

Now you make a very fair point there. If you hold Bitcoin on an exchange or an ETF or somebody else holds it for you, you don't own Bitcoin. That's for sure. In those cases, you hold an IOU for Bitcoin. And that's worth just about as much as it sounds. In other words, shit.

[–] technocrit@lemmy.dbzer0.com 2 points 5 months ago* (last edited 5 months ago) (1 children)

How many people hold a key to their bank's vault or deposit box?

[–] Kiernian@lemmy.world 1 points 5 months ago

Safe deposit box?

Everyone who has one, I hope.

It's called a Bitcoin "wallet", too. If someone else is holding yours, it's not your money.

[–] sugar_in_your_tea@sh.itjust.works 1 points 5 months ago

How is that relevant? He's looking for votes, not to change what currencies people use.