Phoenix is based in France?

Good question. I think not, but who knows.

So much freedom lol

Activist who organised protests against genocide might disagree with you.

Exactly. It's a bit like how Tether, on paper, is a dreadful idea. In practice, it got a lot more usage than supposedly more legit options. Storing up trouble for the future? Yep, almost certainly. And bitcoin is better as a sovereign store of value. But these things are not clear cut.

Because you know who to sue if your money goes away!