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RE: A loss of 99.99%

Putting it in the bank is much safer as it is something real.

The sad thing is that, by your friends definition, it isn't real, the money in the bank is only a bunch of 0s and 1s.
Further, its number kept by the bank, and only the bank, so one computer mess-up, and you have nothing.
PLUS! the bank is under no obligation to give you your money back!

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It is a funny view of the world, isn't it? People don't think about it in this way as they seem to trust that they are protected by governments, without understanding how they work either.

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