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<blockquote data-quote="wjschmaltz" data-source="post: 161472" data-attributes="member: 6150">This is exactly why decentralized finance (bitcoin) is here to stay and will thrive. If the government not letting you make purchases worries you, bitcoin fixes that.&nbsp; We already saw this in Canada with the trucker convoy. Trudeau shut down bank accounts for all those people. It was an effective move for a tyrant. That's what centralized banking looks like.&nbsp; He also ordered bitcoin transactions be blocked too.&nbsp; Moron clearly doesn't understand how decentralized finance works.&nbsp; Not a single BTC transaction was blocked.&nbsp; There is no way to do that. After that, they finally get it and that's why they're trying to form a central bank digital currency ASAP so they can sell it as an alternative that the govt can control.&nbsp; We will never see FDIC-insured crypto that is decentralized. Bitcoin gives the power back to the people so why would they stand behind it.&nbsp; So pick your poison. I keep everything on a ledger. There is an 16 word password that is in my brain and somewhere in a very safe place. Only way you can get to that crypto is if you know them 16 random words. The government does not and never will know how much I have on that ledger.&nbsp; At least move it to a decentralized wallet like exodus and off exchanges like coin base.</blockquote>

[QUOTE="wjschmaltz, post: 161472, member: 6150"] This is exactly why decentralized finance (bitcoin) is here to stay and will thrive. If the government not letting you make purchases worries you, bitcoin fixes that. We already saw this in Canada with the trucker convoy. Trudeau shut down bank accounts for all those people. It was an effective move for a tyrant. That's what centralized banking looks like. He also ordered bitcoin transactions be blocked too. Moron clearly doesn't understand how decentralized finance works. Not a single BTC transaction was blocked. There is no way to do that. After that, they finally get it and that's why they're trying to form a central bank digital currency ASAP so they can sell it as an alternative that the govt can control. We will never see FDIC-insured crypto that is decentralized. Bitcoin gives the power back to the people so why would they stand behind it. So pick your poison. I keep everything on a ledger. There is an 16 word password that is in my brain and somewhere in a very safe place. Only way you can get to that crypto is if you know them 16 random words. The government does not and never will know how much I have on that ledger. At least move it to a decentralized wallet like exodus and off exchanges like coin base. [/QUOTE]

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