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RE: All my money got confiscated! [Why we need decentralization]

in #money7 years ago

So true!

Just imagine when this happens to many people at once (financial crisis, nobody can pick up money from cash machines, etc.) It's good if we get "warning signs" like this while we're still relatively safe and have other means to get by. I will definitely be more prepared next time!

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As far as I know, there is not even enough cash available - first come, first serve... As we experienced before, in case of a sudden crisis like a bank getting in troubles - the bank simply keeps closed!
Even when simple issues happen, the worries begin. One day me and a friend made an excursion. For some reason, we had extra expenses and credit cards were not accepted. All ATMs in the whole era did not work! Bad afternoon...
We should spread it that it is easy to leave our money at some bank but chances are it will not be there when needed.

Yes, there's not even 10% of cash available I think.
Time to put some under our pillows ;)

Maybe not the best way, but we should leave the path of deception... :)