people still are using bank accounts... i thought they would all be closed and obsolete years ago...
Wait... Why?
bank accounts work
- those are safe
- reliable
- currency is stable
- Dollar is recognized globaly
- they have anti-fraud mechanisms
- if something goes wrong, and it's not my fault, my money is safe and insured
- my savings are safe and insured
Tell me, what are the advantages of the current options in crypto?
- currencies (most of them) are volatile
- exchanges were hacked countless times
- blockchain is irreversible
- most of them are based on hopes and dreams
- many of them have <10.000 users
More questions:
- how to track money laundry?
- how to pay taxes?
- how to calculate customs/ charges?
Who would you trust more? Bank + Insurance + the whole nation + government +++++
Or... about 20 people called witnesses, who have got several millions of some crypto and invested it in PoS. You don't even know if those people are real. You don't know if those 20 people are indeed 20 people. You are not insured. And even if everything goes to hell, nobody will care, because the whole marketcap is a drop in ocean.
Are you sure you want to shut down your bank account?
Hi alexs1320! Fantastic discussion and engagement... I just jumped in to confirm a lot of my own personal sentiments regarding comparable choices available to the critical masses ~ They, in my opinion, want it all except the bad stuff... That's not a good feeling when you're hacked and robbed! It is pure consolation knowing that if the blockchain is hacked and everyone is robbed, even if in real-time with our eyes wide open, we are fully insured... up to the last satoshi decimal of "whatever-whatsoever-whatchamacallit" token coin that was stolen. It is all thereby government ordered to continue to enable my personal wealth and freedom powered by cryptocurrencies!
Excellent comment ~ thanks for sharing your thoughtful feelings!
It's a strange sentiment in crypto people:
We don't want laws! But we will assume that there are laws.
We don't want banks! But we want to have all the functions provided by banks.
We want those to be FREE! Although in real life, you can get the whole package for several dollars per month. Even if it's 100% free, it still less than 100 $ per year
We want to stay anonymus! But giving all personal data for KYC airdrop - no problem :D
Most of the time, those people behave like some Old Greeks from 7000 years ago:
"We should build a Society! Now... Let's see... We need some rules."
Once big players step in, like Libra, you will see that the only viable solution is 99% of "classic approach" and several percents for a bit different interface.
It is not going to be 100% revolutionary