Bitcoin existed for only 10 years, and it didn't face too much adversity so far, so any claims that Bitcoin is indestructible are purely theoretical. Bitcoin didn't witness a nuclear war, a mass extinction, an alien attack, a global ban by governments, a 51% attack, a critical bug in its protocol and lots of other threats. And however small it might be right now, there's always a chance Bitcoin will get replaced by a different coin or a whole new tech.

P.S. you have posted a link to Roger Ver's bitcoin.com website, which is an anti-Bitcoin platform that scams people by claiming that their shitcoin bcash is the real Bitcoin. Don't do this.

It's cool to discuss the theory of things like that, but on practice almost all users will never encounter such attacks. If you have basic security literacy, i.e. not installing untrusted software on your PC, then the odds of getting any malware are already low, and the odds of getting these types of malware that target airgaps are even lower, and then you also need to get a malware on your phone, and all this malare has to be compatible with OS' that you are using.

Users are more likely to lose their coins due to a storage failure, an accident, a robbery and so on. Airgap-jumping malware should be somewhere at the back of the list of things to worry about, together with quantum computers.

If they can't get a wallet then the coins will be considered lost, there's nothing they can possibly do. It can happen with non-crypto too, like if a person adds some assets to their will, but then loses them.
Maybe before this law crypto wasn't recognized, so whomever got the wallet first got to keep it, but generally speaking crypto is always counted as a property even if not directly specified, there were precedents in other countries when people were, for example, paying taxes on crypto or making deals with it before any laws were passed.

I don't know how these news should be viewed, on one hand it's good that crypto gets recognized, on the other hand I don't trust anything that comes from the Chinese government, how many times they "banned" Bitcoin already?

I don't think it's that strange, just because stocks fell doesn't mean those money were invested in gold, the strategy was to cash out your investments and wait, and gold wasn't spared either, but losing 3% is not really that big of a hit compared to what happened with stocks and crypto. So, gold clearly outperformed those assets. And now that money printer went brrr, investors started considering gold and caused it to rally.

I dunno, maybe the asset that didn't crash by 60% when the stock market crashed? It's a no-brainer to say that Bitcoin is not a safe haven when the data clearly demonstrates so. Even though Bitcoin has already recovered, the fact that it fell so hard clearly shows that it's not resistant to the influence of traditional markets. Gold also reacted negatively to the initial covid-19 panic, but that fall was tiny compared to Bitcoin, and recently it performed quite well and the price is higher than pre-crash, which suggests that it's a pretty good safe haven.

Every company out there cares about their profit only, isn't it obvious? They may claim that they are trying to do good and bla bla bla, but who would really believe that? Even non-profit organizations often have some ulterior motives. Don't trust, verify.

Maybe some institutional investors ore companies are happy to work with companies like Xapo, but average Bitcoiners should be able to understand that these companies are against the basic principles of Bitcoin.

I never heard about any business at all being forced to close because the authorities traced a covid-19 patient back to them. And obviously no business would self-impose such rules.


Ofc a lot of people will get infected, and it's really sad that the US is putting economy and profit ahead of human lives. And people who are going there are really irresponsible, but what can you expect from a country that ridicules people for wearing masks?

Hacks and scams happen with fiat money too, but no one doubts that the banks will keep existing and operating despite those things. Why should it be different for BTC? It's not 2014 anymore, Bitcoin is bigger than exchanges. Even if a major hack will happen, Bitcoin's price will recover, and the network itself is never affected by things like that. Altcoins often get shaken by such negative events because they are really small, their markets lack liquidity and their communities have little members compared to Bitcoin, but Bitcoin is on a whole another level.

In the future most exchanges will very likely be in bed with the government, and if we won't have 100% fungibility, there will be "dirty" and "clean" coins, judging by what we see with wasabi coinjoins right now. Maybe this will ensure that Bitcoin won't get banned, because it's weak privacy was the one thing that stopped it from being banned so far. 

Hackers don't want to crack some specific key, they just pre-generate lists of addresses with weak entropy, and then simply check if these addresses were used when a new block is found, and if they were, they instantly sweep the coins. They already do that with brainwallets, and as storage and computing power gets cheaper, it becomes more feasible to extend this method to target more sophisticated schemes.


That's a garbage site, I entered "11111111111111111111" and it said it's "reasonable".

You can always buy a token from other people bypassing intermediaries, as long as the token is actually released and not frozen. You'd need to post your offer on forums or in some chats, or look for existing offers. But I think it would be hard on practice, because those early investors wouldn't want to sell below ICO price until exchanges are open, and if they do, it might be a sign that there's something wrong with the token, so maybe it won't ever get listed and you'll end up holding useless garbage.

It's not a movement or something, it's an author of the book trying to capitalize on the protests to promote their book. IMO any person who does this is automatically untrustworthy, and more shady people is not what we need, there's already too much scammers in this field. Maybe some day the author of this book will start posting those "crypto giveaway" scams on their twitter, or maybe they'll launch an ICO scam or start endorsing bcash.

Besides, it's not like banks are racist, the problem is with cops and some citizens, so I don't see how Bitcoin is a solution here.

One address sucks, it ruins privacy, and people who make donations deserve privacy, especially if they are donating to a cause that might be illegal in their country, like protesting against tyranny, for example.

And a statement doesn't guarantee that funds are not being embezzled, it all can easily be faked. A better way to be safe is to donate goods instead of money.


We all here know how high can Bitcoin fees sometimes get. When it comes to small donations, Bitcoin fees can be as high as the sum of donation itself, meaning that Bitcoin is at that moment is a worse option than banks.

And how is it easy to remember? If it's some sort of substitution scheme, like replacing O with 0, then it's easy to crack, if it's truly random (which can only be generated by some rng and not human mind), then it's really hard to memorize and you will forget it unless your repeat it multiple times per day every single day.

Compared to that, mnemonic seeds have guaranteed sufficient entropy and they are easy to remember because our brains are good at remembering natural words in sequences.

All these high-tech spy gadgets are not a threat to regular users. No thief will go through this complicated route of pwning your cold storage if they can just do a $5 wrench attack.


Paper wallet is not a real wallet, you can't send transactions from a piece of paper, in order to do so you'll need to scan the private key and use it with some software wallet.


Bitcoin cold storage setups use Linux, so it's already less likely to encounter malware, but also they can utilize amnesiac features of OS like Tails to make it impossible for malware to steal private keys, unless there are some serious vulnerabilities in those OS'.

Hardware wallet is just one option, and newbies can still make mistakes with it, like buying a wallet with pre-generated seed. The key difference here is that hardware wallet allows user and only user control their keys, while exchanges are custodians. You can also use a software wallet to control your own keys, like a desktop or a mobile wallet, and you can even make your own cold storage by having a dedicated non-connected device for running wallet software.

It's quite entertaining to watch CWS make more and more outlandish claims, he already sounds like a flat-earther or an anti-vaxxer who denies reality that is obvious to everyone else. But I doubt this will end anytime soon, even if we imagine the best case scenario when the scammer gets sent to jail, the scam will continue for as long as there are morons who give him their money. It will all end only when he'll no longer have resources to support his shitcoin, hire shills, organize conferences, etc.

There were times when altcoins used to pay bounties in Bitcoin or Ethereum, but nowadays the bounty market is so overcrowded with bounty hunters that they are really in no position to dictate the rules. If you will refuse to work for worthless tokens, someone else will. And these ICO scams don't care about quality, they need quantity, because there's still plenty of greedy noobs who are ready to gamble with ICO's as they hope to find a "good project".

You can't exit the economy by buying Bitcoin, you need to be able to spend it somewhere, and it would be very hard if not impossible to do all your spending with Bitcoin. It's also not feasible for poor people, because by significantly limiting your options you will lose the ability to find the best deal. And lastly, most merchants would either use payment processors to convert BTC, or manually do so, so you're not truly creating a parallel economy, you're just putting a proxy.

Bitcoinization of economy will take decades if it will ever happen.

OP, there's a solution that might work for your case: timelocks.

You can hodl coins without being able to touch them until certain time in the future, thus removing the possibility of gambling them away. You might be tempted to gamble when the day of unlocking will come, but if you really believe in a coin, then by that time the price should be higher and you'll likely want to sell it and take your profit.

Be warned though that this is an advanced feature, and it's possible to lose your coins if you are to careless, so try it on testnet first to learn how to set it all up.