Stick with bitcoin and stay away from centralized crypto, especially stablecoins

[Findingnemo]

One more example for why we need to avoid centralized cryptos, and to compare it to physical money is far better because the government can't freeze them unless they announce all the money is not usable anymore which is less likely to happen right.

Now coming to the topic, bitcoin the only truly decentralized crypto and everything else is somewhat traceable and centralized so pick which one that gives the ultimate freedom.

[Y3shot]

This is to tell bitcoin remains bitcoin and it cant be in the same class with other cryptocurrency. So many cryptocurrency that claims to be decentralized are not true decentralized because it can be controlled when the times comes.  Bitcoin is a decentralized currency that can be control by anyone. So far as no one have access to your wallet you rule your bitcoin, and because of the true decentralization bitcoin has it is important people should always choose bitcoin because it gives real power over your own money and no one can block it or take it away from you.

[promise444c5]

Somehow, it doesn't seem to me that they were uninformed in the sense that they didn't know about other options, but probably the opinion prevailed that it was the best and simplest option. Besides, they have been using that system for years, and who knows how many other addresses haven't even been discovered yet.

Is it worth it though.. I don’t know what they were thinking when they chose that particular stablecoin, but I’m sure they must have been aware of the buildup even before the final action. That should have given them enough time to look for other alternatives that can’t be manipulated.

Well, they could have more, just as you mentioned. I only hope it’s not in a state that can meet the same fate..

[Cryptomultiplier]

One more example for why we need to avoid centralized cryptos, and to compare it to physical money is far better because the government can't freeze them unless they announce all the money is not usable anymore which is less likely to happen right.

Now coming to the topic, bitcoin the only truly decentralized crypto and everything else is somewhat traceable and centralized so pick which one that gives the ultimate freedom.

Bitcoin was founded by a fair launch without VCs as compared to stablecoins with ICOs, VCs. Bitcoin doesn't have a leader unlike most stablecoins with leadership heads or founder.
With ease of stablecoins being frozen by any CEX, Bitcoin excels in this aspect by being resistant, easy to use and for long term investment plans and top performing to earn the capital name, 'digital Gold'.

[Jatiluhung]

Storing our assets in altcoins or even stablecoins, which are also altcoins, is a reckless move if it is for the long term. Unless we are only using them for a momentary transaction. After that, convert them back to bitcoin and store them back in our cold wallet.

Holding stablecoins long-term is akin to entrusting our assets to the owners or issuers of those stablecoins, which is essentially the same as depositing our money in a bank. Any altcoin, including stablecoins, can collapse in a short period if errors occur, potentially causing losses beyond just having our assets frozen. Remember the case of USTC from Terraform Labs and several other stablecoins that were also unable to maintain their value. So, yes, we must be careful.

[bhadz]

Use Bitcoin. Everything else is secondary. We don't need any more examples.         

I agree, nobody can freeze Bitcoin unless someone has intentionally deposit their Bitcoins into a centralized exchange. But if not and kept to their own personal wallets, there is no one that can freeze them.

I get your point, but to make it even more clear to readers, it’s the account (with only figures) that gets frozen through the C.exchange, not the Bitcoin.
The Bitcoin will still be sitting in the exchange's self-custody wallets.

Yeah, technically it's the account but also you've deposited it there and the exchange has the authority not to allow to withdraw your actual Bitcoins from them. So from that standpoint and easier terms to understand, one normal user would say that if it ever happens, the exchange has frozen their bitcoins.

Also,while it can’t be frozen, there are other ways to lose your Bitcoins too and  wallet is part of it..so the personal wallet should be  a trusted, open-sourced, self-custody wallet.

Exactly, and don't be a victim of those websites that can lead to phishing which is the new investors are prone to this.

[rdluffy]

I consider my satoshis to be my protection and security, no doubt about it
They are in my custody, with my seeds in the safest way I can 

However, I still need to use USDT, USDC, or occasionally some other tokenized dollar 
Since my country's currency is not the dollar and suffers from significant devaluation against the US currency, I need to have some dollars as well, and the best way I have found is to divide them between USDT and USDC
However, these are small amounts, hardly attracting any attention, and I use them in DeFi protocols
I find it difficult to live without tokenized dollars nowadays, at least in my situation

But USDT is centralized, can be frozen, blocked and you'll lost your money

[EFS]

If someone can freeze your money whenever they want, then the control is not in your hands. With Bitcoin, this is not possible. Anything presented under the name of stablecoins is still a product of a centralized system and the control belongs to others. People are not aware of this when they invest money in them.

Venezuela's choice is also interesting. Why did they use a US-based stablecoin while they are trying to avoid US sanctions? Didn't anyone warn these officials? I think they were unaware that such a freezing action could be carried out.

[MusaMohamed]

If someone can freeze your money whenever they want, then the control is not in your hands. With Bitcoin, this is not possible. Anything presented under the name of stablecoins is still a product of a centralized system and the control belongs to others. People are not aware of this when they invest money in them.

Venezuela's choice is also interesting. Why did they use a US-based stablecoin while they are trying to avoid US sanctions? Didn't anyone warn these officials? I think they were unaware that such a freezing action could be carried out.

They tried to avoid sanctions from the USA, and chose cryptocurrencies, this decision looks good. Unfortunately, they had narrow mind and picked US-based stablecoin while they did not know or ignored risk of freeze of stablecoins in non-custodial wallets.

I don't know what happened in their mind before making that big but bad decision, while this severe mistake from Venezuela reminds me a famous saying that scammers are pretty stupid.

On the other hand, scammers are often pretty stupid