/biz/ - Business & Finance

>>12600364
>Not having physical

How fucking retarded

>>12600364
>>2099 Coinbase of England blocks Maduro's crypto withdrawal.

The point is to hold it in your own vaults, not give it away to fucking anglos or americans.

>using either gold or crypto as your reserves
shiggy diggy, a basket of fiats that are actually used in international transactions is where it's at

>>12600364
The point is stopping a dictator, you worthless shit.

I am Venezuelan and i have 500$ worth of Bolivarcoin held hostage at cryptopia exchange, I am already poor and suffering from the situation in my country, I spend years mining those coins and now are lost, I been crying everyday since the hack two weeks ago, I cannot afford to travel to New Zealand, I just want to buy some food or go to Colombia before the war starts, Whattamagonado?

>>12600617
>storing BTC in exchanges

>>12600757
Eat your family and pets

haha this is so ironic it actually really makes me think

>giving your gold to England
?????

>>12600757
Do you have a little sister?

>>12600788
I have actually thought about that, we have a parrot named Rodolfo and a soup will be good for a soup with some banana potato's carrots and beans, it depends of what we can find, but really the situation is really bad, hope Dnt get to cannibalism

>>12600828
We have the most secure gold storage facility in the world. So secure, even the owner won't be able to get their gold out of it

>>12600757
>$500 worth of a shitcoin
>didn't sell and it is still poor
I know you're softbegging, but at least give a convincing argument.

>>12600837
Uma...

>>12600840
Kek. Checked and Brexitpilled.

>governments are self-interested cognizant entities acting in an economically rational manner, and not just collections of the most psychopathic cunts available within a certain border who are all trying to personally enrich themselves to the maximum extent possible with no concern whatsoever for the long term impact on said territory or costs generated to be paid by taxpayers
they unironically wouldn't. the endgame of cryptocurrency is the complete disintermediation of all governments.

>>12600687
yeah. ur an autocrat. you have 1.2bn in gold (that's some 52910 pounds) under your parliament building. there's a coup. the army comes and takes the gold, rip.
you have 1.2bn worth of bitcoin. you just flee the country and take the reserves and start a new government headquartered in a friendly foreign country.

if not earlier, after ww3, crypto marketcap will far supprass gold and even stocks (and probably even the 500 trillion real-estate as a lot of that is just 'store of wealth' also).

people will realize how what 'the abstraction of the asset' actually means.


ww3 isn't needed btw, it could be a global communist government, or any system where private property isn't respected. once the tyrants are gone, ppl who stored their wealth in crypto will just recover it (the public ledger cannot be destroyed, private keys (stored encoded in a jpg file on your harddrive or in a brainwallet) cannot be taken away, even if miners are shot down and crypto cannot be transfered, people just continue the operation after the tyrants are gone)

>>12600784
Storing gold in foreign banks, equally as stupid.

>>12600364
Does the BoE even have it? That's the question.