Reading an article about Bitcoiners which mentions a frequently reported detail: lots of concern for personal security because of worries about kidnapping. At risk of stating the obvious: you could identify tens of thousands of AppAmaGooBookSofr employees with 7+ figure accounts
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You're a lot more likely to succeed at actually keeping and spending a million dollars in stolen bitcoin than a million dollars stolen out of an eTrade account.
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The paranoia may also merely be a sort of masked narcissism, or pride, or signalling.
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How is it an indictment on that? It's a feature not a bug.
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I always assumed the difference was that with real financial system paper trails it's relatively hard to force someone to digitally move money against their will and also get away with it, whereas bitcoin transactions just disappears into the (forgive the pun) aether
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Given the history of exchanges losing custody as a nearly inevitable outcome, holding your own private keys is deeply ingrained. Ironically, codes in a safe deposit box at bank still seem the best way to go for now.
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Physical security infrastructure.
End of conversation
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