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Bitcoin is valuable because it’s censorship-resistant and inflation-proof. That’s why its price goes up. Do you think the government which creates all this inflation will Top Blacksmith I Speak In Tongs Shirt sitting in bitcoin avoiding all its inflation? No, it will freeze your funds and steal your bitcoins, via its deputies at coinbase.com and any other exchange if you’re stupid enough to leave your coins in its custody.  I was just listening to this podcast from 17th November 2020 about the regulation of bitcoin, and a very significant fact said there was that in Switzerland all regulated bitcoin exchanges no longer support self-custody. i.e. it’s not possible to withdraw or deposit bitcoins to and from your own wallet. I agree that most people won’t take the proper time to educate themselves on how to store their keys correctly.

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Not at all, in fact it’s going to get worse before it gets better. Lots of people are going to buy “bitcoin” on Paypal and then have their accounts unilaterally frozen. Those people will quickly either abandon bitcoin or understand the Top Blacksmith I Speak In Tongs Shirt. I can’t believe this got upvoted that much. Your entire stand is all based on overly dramatic assumptions. And paranoia about the government giving two shits about the bitcoin you might have. Or, you live in North Korea. Governments in fact do give shits about the bitcoins you might have, why do you think you need to give up all your personal information when signing up to an exchange? And no I don’t just mean the US government, but also ones like the Chinese Communist Party.

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