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114 sats \ 5 replies \ @guts 18 Jul 2023 \ parent \ on: What is your main reason for not paying with bitcoin? bitcoin
https://github.com/jlopp/physical-bitcoin-attacks
Holy Shit......
That's a crazy list.
But this can happen with any asset class. I don't understand why spending Bitcoin makes you higher risk??
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How much could you lose if someone robs you and doesn't know you have bitcoins?
Probably what you have in your wallet, plus whatever money you have in your account that is highly liquid.
How much could you lose if someone robs you and knows you have bitcoin?
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I understand... but I also don't....
It's just money. People paying for things with fiat at the grocery store is a signal to thieves that they have fiat money. And yet, we don't see people targeted just cuz they spent some paper at a local store.
What if I get paid in Bitcoin, but I'm still mostly working paycheck-to-paycheck? Even if my stack were small, I would still use Bitcoin for transactions, simply because it's more ethical and generally superior money. How does spending Bitcoin alert anyone to how big a stack is?
I was just at a Bitcoin meetup and I'm fairly certain most of the people there had less than 1 BTC in cold storage....
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How does spending Bitcoin alert anyone to how big a stack is?
You don't alert HOW MUCH you have, but the act of HAVING bitcoin.
Currently, few people own bitcoin. It being an asset that cannot be censored or stopped makes it an excellent asset that can be forcibly expropriated from a person and passed to the bad guys without you being able to do anything.
In the future, when more people have it, and the fact that you are a bitcoiner does not raise suspicions, that is, being a bitcoiner is commonplace, this will not be a problem and consequently there will be no problem for people to use it more for everyday purchases.
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Ok. That’s a good one
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