For example, you hold 100 bitcoins. Randall Munroe's wrench hacker holds you up for bitcoin because he knows you have some. You give him 0.1 from an address. He lets you go. You keep 99.9 of your bitcoins, but your attacker thinks he took got the whole bag.
Lack of provability means the attacker may never believe you, in which case you’re now dead as well as broke.
If someone has a monopoly on violence, they can pre-commit to massive retribution against anyone who does this. They also get to define what money is, and have a reason to want to.
If nobody has a monopoly on violence, nobody is working minimum wage at Wendy’s because there is neither a minimum wage nor a Wendy’s nor a society capable of supporting a Wendy’s.
And so are you. Doesn't matter if you don't actually have a bitcoin. Lack of provability means the attacker says you have a bitcoin so therefore you have a bitcoin.
You are pinata by decree of the assailant and nothing else. Therefore due to the
> Lack of provability means the attacker may never believe you, in which case you’re now dead as well as broke.
... regardless of whether or not you owned any bitcoin.
Which means everyone regardless of owning or hating bitcoin are now dead because gangmembers say everyone they say so has bitcoin now has bitcoin. I guess we're all dead.
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> If someone has a monopoly on violence, they can pre-commit to massive retribution against anyone who does this. They also get to define what money is, and have a reason to want to.
And they can also decree who is evil and must be purified. Wether its afghanis, or uyghurs, or jews. They can also decree users with names staring with ben need to be tickle tortured for 20 years.
> If nobody has a monopoly on violence, nobody is working minimum wage at Wendy’s because there is neither a minimum wage nor a Wendy’s nor a society capable of supporting a Wendy’s.
You're getting into economic theory here, which theorists have written volumes of books about, but the short of this is that you're reaching for conclusions without any supporting arguments.
Keep in mind, no one knows if this rock prints money or if that other rock prints money. One of the rocks you've been told can print money but you dont know which one. How many rocks are you going to whack? or maybe its just easier to drive an uber and make money.
Keeping your crypto holdings secret would appear to be basic OpSec, just as one would do if you had to carry significant cash, precious metals, gemstones...
Hard to brag about your holdings on social media if you're not allowed to tell anyone, though.