My mother was an old school woman and for what I can remember she always tried to give sound advice, the advice you should expect from every mother in the world, because this is their month I will dedicate his article to them, and I will honor the memory of mine by remember the sound advice that we once told me, son knowledge gotten through an education process can't never be stolen.
Right when she was alive cryptos didn't exist, not even close let alone she didn't even knew English, but she knew that in this world there is people who want that which is your effort and not theirs, and she knew that government is one of the thief that is looking for your hard earn money, she knew that in life you need something that others can't take away from you. And it is not only my mom that knew that it was on a way an old world common sense thing to know.
I am pretty sure your grandfather and grandmother told you that same thing when you were young, so old people knew that there are people trying to get what is rightfully yours, and yet knew generations seems to know nothing about this danger, I guess the government hasn't made a mass confiscation event just yet or it is getting better at so that the population doesn't get it.
Because the way or current monetary system works I guess government doesn't need to steal your gold any longer, they know that in the next money supply increase and decrease money supply you will end up losing everything you accumulated and you won't say anything because you will think it was just a market condition when in reality it is all by design and whatever else you managed to get they will take as capital gains taxes or some other kind of tax with different name.
Now politicians want even more money out of you, the last proposal want around 40% of your money, and some rumors say that the new money thing called crypto currencies should be taxed at 80%, I don't know about you but at some point someone is gonna have to say sorry but I don't comply because I hold no such thing, I am sorry uncle Sam but I hold zero nada of value for you to tax me. And your uncle will tell you that your aunt the exchange told him you do have some satoshis somewhere.
Well, at some point you will have to get better at hiding your wealth because governments around the world are doing a bad job at keeping the money supply low, every other government is printing money and giving bailouts here and there.
Old people knew the importance of having something no one else knew or had, and that could not be taken away, and they also knew that they need it money hidden away at their house so that they could spend it whenever they see fit not when a banker will see fit, it is just that in those days we didn't have computer and internet but the primary knowledge to understand such a fundamental necessary was here already since a very long time, not to mention old people like to save on gold and silver, and much of the third world saves on gold by way.
But now we have Bitcoin Cash which is better than gold, money hidden at the house, and it is a knowledge that if you wish you can take it to your grave. Because governments are seeking to steal your satoshis from online wallets, custodian wallets, and hardware wallets, the only place left for us is to save our private keys directly into our brains.
Memorizing a private key will be hard, but memorizing 12 seed words will be a lot easier, so remember if you want to have an extra layer of privacy start the process of memorizing your keys, and this is indeed a process, because you must make sure you don't forget your words, in my case I am in process of doing that, I have been for the last year, just memorizing my words without sending any money to it, just restoring my wallet every 3 months or so. So far I still remember my words every time but I will wait until is extremely necessary to use such a wallet.]
Obviously that asset is Bitcoin Cash.
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