The author discovered how capitalism works. Everything that has value, has it because there are people willing to pay for it, not necessarily because it has value or purpose. To use a tangible example instead of a virtual one - go read how diamonds have been pumped up by the mining-cutting cartels to be perceived as very valuable while in fact it's very hard to convert them to cash without a significant loss. PS. I've read recently that to move large money in times of crisis it's best to use diamonds, rubies etc. over gold or cryptocurrencies (cash is a non-starter, too much space). Well good luck with converting these stones back at purchase value. It boggles the mind that people can't see how much freedom 24 seed words give in times of crisis. You could move a billion dollars stashed in pages of a harlequin novel through every border & customs check and nobody would ever know. Try that with physical materials.
> how much freedom 24 seed words give in times of crisis. You could move a billion dollars stashed in pages of a harlequin novel through every border & customs check and nobody would ever know. Try that with physical materials.
But there's a problem: you never moved the money at all. You need to bookend it with two transactions to move the real money in and out of the bitcoin system, which nearly always involves intersecting the controls of the real system. It's more like hawala banking. And can suffer 50% exchange rate swings in a very short time.
