[unicornmama]

This is preposterous. Bitcoin is more traceable, more transparent and more censorship prone than every form of currency conveyance we know of including cash, diamonds, physical gold, etc… The fact that’s 2024 and some people still believe Bitcoin enables privacy just goes to show how crypto enthusiasts are candy brained fanatics.

[ajmurmann]

To add to this, I also anecdotally know many more people who lost Bitcoin due to bad key management or keeping their Bitcoin in a platform that failed instead of cold storage. I don't personally know a single person whose money disappeared from their bank account for no reason.

[tock]

Crypto is mostly useful in the absence of good financial infrastructure in your country. Otherwise the risk premium makes no sense.

[berkes]

I too know far more people who lost Bitcoin due to mistakes, or negligence or such.

But I also know quite a lot of people who lost a lot of money in the 2018 banking crisis. So I highly doubt your really don't personally know a single person who lost money this way.

[berkes]

Why is this "preposterous"? I never mentioned privacy, and certainly never claimed bitcoin provides it.

Also, bitcoin never claimed to enable privacy (contrary to monero and zcash). All it ever claimed was to be pseudonymous. It has been crystal clear to anyone in the field that "if people can link your addresses to your person, they know all your transactions". In fact, this has often been presented as a feature (though I personally don't really think it is a good one) in which e.g. all payments to and by a politician or NGO can be transparantly tracked by the public.

[unicornmama]

Nonsense. Satoshi’s Bitcoin white paper has a section on Privacy.

[asystole]

Lightning has pretty good sender privacy.

[thisgoesnowhere]

The Canada trucker protests are proof that the government can easily stop transfers even if they can't size the actual asset (which I would like to point out, they technically cannot legally do that with bank account either).

The whole thing is just postulating about a hypothetical then getting mad when it's completely wrong.

The "You cant stop our unstoppable money" to "it's disgusting that you have the power to stop our unstoppable money" pipeline

[PrimeMcFly]

Bitcoin maybe not crypto in general. Monero for example is entirely private.