BankSith on Nostr: You have direct ownership over a few specific assets, such as Bitcoin stored in a ...

You have direct ownership over a few specific assets, such as Bitcoin stored in a cold wallet and Krugerrands. However, many other things that people consider assets, like a home or stocks held in a brokerage account, are actually more akin to IOUs. Governments have the power to impose taxes and could potentially take these assets from you using force.