“Millions Stolen? 200 Safe Deposit Boxes at Deutsche Bank Looted”
In the world of finance, almost everything you own operates on an IOU basis—you need permission to access your assets. Government intervention, theft, operational risks, geopolitical, and legal risks can all lead to confiscation or loss for various reasons, affecting:
- Bank deposits
- Stock portfolios
- Safe deposit boxes in banks
- Real estate
Bearer assets, on the other hand, are exclusively controlled by you, without the need for permission to access them. However, their portability poses risks of loss or theft when moved from a secure location. Common bearer assets include:
- #Gold
- Silver
- Other valuables (Jewelry, Art, High-quality watches, Cars, and other collectibles)
The unique exception in the realm of bearer assets is a bitcoin private key. When stored professionally with easy to use technology, it’s theft-proof. You can even memorize a 12-word seed phrase to access your bitcoin anywhere in the world, without asking anyone for permission. This highlights the essence of #Bitcoin: providing unconditional property rights for everyone, from the cab driver in London and the nurse in Dubai to the small business owner in Zimbabwe and the lawyer in Bucharest. You can travel to 195 countries with this key in your mind, and you don’t even have to tell your wife about your little secret. 🧡
A Merry F Christmas to everyone on #nostr 💜 🎅 🎁. Especially new connections I made this year which enriched my path to better financial literacy!
Blocktime: 876 150
v/byte price: 5 sat/vByte
Hash Rate: 930.00 EH/s
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