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16 sats \ 8 replies \ @Satosora 17 Nov \ parent \ on: BTC Investing: 1 million Sats or Fold(FLD) Stock? An analysis Stacker_Stocks
I put in enough to get the company match. I will also be putting it into bitcoin through an etf. But I save with the rest of my paycheck for the future. I wouldnt be surprised if the government seizes our 401ks in the future.
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60 sats \ 7 replies \ @Undisciplined 17 Nov
I've never put more into mine than required for matching either.
I don't expect government 401k seizures, but I could easily imagine being required to hold a certain share of US Treasuries. That's as good as a seizure to them and it's easier to pitch politically.
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42 sats \ 6 replies \ @Satosora 17 Nov
You dont expect it, but at the rate they are making debt and printing money, Im sure it could happen.
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40 sats \ 5 replies \ @Undisciplined 17 Nov
Why would it happen, though?
Like I said, making us hold their debt is the same thing financially, so why go through the political headache of confiscating hundreds of millions of peoples retirement accounts?
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37 sats \ 4 replies \ @Satosora 17 Nov
Just imagine, they will give you the fiat and seize your btc. In order to set up their btc reserve, they would be giving you "fair value".
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40 sats \ 3 replies \ @Undisciplined 17 Nov
They will definitely cash it out in fiat. There's no claim whatsoever that it's your bitcoin. The ETF holder only has a claim on the value of those bitcoin transactions. It's the same for any other ETF, like gold or oil or whatever.
That could change if the regulations change in such a way that we can actually hold bitcoin directly in these accounts.
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34 sats \ 2 replies \ @Satosora 17 Nov
Can you imagine if we could hold our own keys? That would be like paradise, but I can see a lot of people abusing that system. Maybe a multi-sig system?
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40 sats \ 1 reply \ @Undisciplined 17 Nov
For legal reasons, it would have to be some form of multi-sig.
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32 sats \ 0 replies \ @Satosora 17 Nov
Right, that is what I was thinking. Multisig would be nice, that way you would have some security from the company taking them and running off.
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