Fun fact: Bitcoin in self-custody is very easy to confiscate.
Way easier than gold.
Discussion
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Not really? You can even kind of store bitcoin in the form of gold (words engraved on a coin) with a seal.
Your kyc UTXOs. Feds walk in, point a gun to your head, most people will start reciting their mnemonic.
Stress is bad for my memory:-)
There is no link to any utxos i apprently own, lost them all to the pre set up hardware wallet I got as a gift on that conference.
I lost my keys is actually a bad answer. Because now you have told them that you can never move those coins, so if they move, you have lied.
does your gold position reflect this take?
The thing with gold is, its supply isn't audited like Bitcoin so you could get away not giving up everything as long as you can prove that you only own X amount because in most places acquiring non-kyc gold isn't very hard.
To be clear, I'm not saying gold is better, I'm only saying privacy on Bitcoin sucks.