“Talk to your bank about physical banking.” Is this person terminally online? Physical banking is always an option. If Trump pulls something radical, physically going to the bank won’t change anything. Your money, unless it is dollars under your mattress, is always only a number on a computer even at a Credit Union where you can physically withdrawal money.
Get a landline phone? Landline Phones are routed through IP networks like cell phones. While there are some POTS still in service, you cannot order new POTS service. Nor does it offer any security over an IP phone. The government required landline phones to be monitored back in the 1990’s. This isn’t the 1960’s.
" Everything will be routed through StarLink" StarLink is a satellite service. It is physically incapable of handling the global traffic going over fiber.
“Get a phone without StarLink.” Although it’s technically possible that StarLink could be used to spy on you, it’s completely unnecessary when the cell service companies already provide everything to the government easier and cheaper than StarLink. StarLink is only one other group of frequencies of the dozens your phone already can use for local or foreign roaming.
You say the best option for storing money is cash under the mattress but I’m wondering what you think of cryptocurrencies in this case. I’m thinking that while keeping a flash drive with some Monero isnt physical, and requires internet to be used, it cant be taken or controlled by anyone other than yourself so it satisfies that at least. Also theoretically you could memorize the 25 word passcode that most wallets offer and store the money in your memory to some extent
Crypto is far worse than a bank or cash under the mattress. With a bank, it’s insured and you have legal means of recovery if something goes wrong with the bank’s systems or simple theft. With cash in the mattress, it’s safe for any other than fire. But there’s safs and safety deposit boxes for that.
Crypto is virtual Magic the Gathering cards. There is extreme volatility. You are still exposed to government changes. Tomorrow, Trump could declare Trumpcoin as legal for tax payments and Monero as illegal in the US. This would crash Monero’s price. Flash is about as likely to fail as your mattress is to burn up in an accidental fire so there’s no improvement in physical reliability. Bybit’s cold storage was hacked and they lost $1.5 B.
If your concerned about the storage device ‘holding’ the crypto being lost or destroyed, you could simply memorize that 25-word code that most wallets have for signing back into the account. Your address and a passcode is all you need to send money.
In the case of Monero it doesn’t have much volatility (compared to other currencies) and actually when trump was tweeting about creating a national crypto reserve, while Bitcoin rapidly fluctuated from 80k to 100 and back to 80k within a few days, Monero didn’t change much. If volatility is a major concern for you, then you could always look into stable coins, like those that are set to the value of USD or gold. I don’t use them and they work in fairly complex ways but volatility is what they are designed to combat.
Also outlawing crypto is like outlawing piracy, they cant enforce it and often they don’t even know about it happening. In the case of Bybit, they had billions in crypto and NK hackers after them, so ultra high security was a much larger priority for them than it is for a casual user of it who might only have a few Monero in their account.
If you have money in the bank it can be frozen or seized by the government, whereas crypto or cash they cant take as easily. My thinking with this is that if you have $500 kept in a crypto wallet whose password is stored in your memory, and there is no physical hardware with that code, then your money cant be taken away from you by any means.
Also outlawing crypto is like outlawing piracy, they cant enforce it
A VPN only gets your crypto out of the country to buy something or exchange for cash in another country. It doesn’t let you get it back in without loss.
But the point wasn’t that it would be completely blocked but that it’s value would crash on the whims of the president. If Monero became harder to use, people would exchange it for a crypto that the president was promoting.
often they don’t even know about it happening.
If you have so little that no one would notice, then cash in a safety deposit box is better in every way. Monero dropped 15% in a day last month. Yes it bounced back but it’s not stable. If you bought Monero 5 years ago, you’d still be at a loss today. If you are looking long term, you might as well buy Vanguard where you have guaranteed long term earnings in exchange for short term volatility.
In the case of Bybit, they had billions in crypto and NK hackers after them,
People get their crypto stolen every single day. It doesn’t make news because it’s only thousands lost. My nephew lost thousands because someone sim jacked his phone.
“Secure your bank info” Always good advice.
“Talk to your bank about physical banking.” Is this person terminally online? Physical banking is always an option. If Trump pulls something radical, physically going to the bank won’t change anything. Your money, unless it is dollars under your mattress, is always only a number on a computer even at a Credit Union where you can physically withdrawal money.
Get a landline phone? Landline Phones are routed through IP networks like cell phones. While there are some POTS still in service, you cannot order new POTS service. Nor does it offer any security over an IP phone. The government required landline phones to be monitored back in the 1990’s. This isn’t the 1960’s.
" Everything will be routed through StarLink" StarLink is a satellite service. It is physically incapable of handling the global traffic going over fiber.
“Get a phone without StarLink.” Although it’s technically possible that StarLink could be used to spy on you, it’s completely unnecessary when the cell service companies already provide everything to the government easier and cheaper than StarLink. StarLink is only one other group of frequencies of the dozens your phone already can use for local or foreign roaming.
Don’t use StarLink because it supports Musk.
You say the best option for storing money is cash under the mattress but I’m wondering what you think of cryptocurrencies in this case. I’m thinking that while keeping a flash drive with some Monero isnt physical, and requires internet to be used, it cant be taken or controlled by anyone other than yourself so it satisfies that at least. Also theoretically you could memorize the 25 word passcode that most wallets offer and store the money in your memory to some extent
Crypto is far worse than a bank or cash under the mattress. With a bank, it’s insured and you have legal means of recovery if something goes wrong with the bank’s systems or simple theft. With cash in the mattress, it’s safe for any other than fire. But there’s safs and safety deposit boxes for that.
Crypto is virtual Magic the Gathering cards. There is extreme volatility. You are still exposed to government changes. Tomorrow, Trump could declare Trumpcoin as legal for tax payments and Monero as illegal in the US. This would crash Monero’s price. Flash is about as likely to fail as your mattress is to burn up in an accidental fire so there’s no improvement in physical reliability. Bybit’s cold storage was hacked and they lost $1.5 B.
If your concerned about the storage device ‘holding’ the crypto being lost or destroyed, you could simply memorize that 25-word code that most wallets have for signing back into the account. Your address and a passcode is all you need to send money. In the case of Monero it doesn’t have much volatility (compared to other currencies) and actually when trump was tweeting about creating a national crypto reserve, while Bitcoin rapidly fluctuated from 80k to 100 and back to 80k within a few days, Monero didn’t change much. If volatility is a major concern for you, then you could always look into stable coins, like those that are set to the value of USD or gold. I don’t use them and they work in fairly complex ways but volatility is what they are designed to combat.
Also outlawing crypto is like outlawing piracy, they cant enforce it and often they don’t even know about it happening. In the case of Bybit, they had billions in crypto and NK hackers after them, so ultra high security was a much larger priority for them than it is for a casual user of it who might only have a few Monero in their account.
If you have money in the bank it can be frozen or seized by the government, whereas crypto or cash they cant take as easily. My thinking with this is that if you have $500 kept in a crypto wallet whose password is stored in your memory, and there is no physical hardware with that code, then your money cant be taken away from you by any means.
A VPN only gets your crypto out of the country to buy something or exchange for cash in another country. It doesn’t let you get it back in without loss.
But the point wasn’t that it would be completely blocked but that it’s value would crash on the whims of the president. If Monero became harder to use, people would exchange it for a crypto that the president was promoting.
If you have so little that no one would notice, then cash in a safety deposit box is better in every way. Monero dropped 15% in a day last month. Yes it bounced back but it’s not stable. If you bought Monero 5 years ago, you’d still be at a loss today. If you are looking long term, you might as well buy Vanguard where you have guaranteed long term earnings in exchange for short term volatility.
People get their crypto stolen every single day. It doesn’t make news because it’s only thousands lost. My nephew lost thousands because someone sim jacked his phone.