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by fsewe20 2103 days ago
I get paid in $DAI. So for me my ethereum wallet it my main back account. I cash some to my fiat bank account for day to day purchases, but mostly I stay in crypto which allows me a decent savings account via things like makerdao.com yearn.finance or providing liquidity for decentralised exchanges.

Why? because last year my bank sent me a letter saying my interest would be reduced to 0.01% and then this year they reduced it to 0.00%.

It might seem high risk to some people, but I have no pension and massive student loans and I don't see how what my bank offers is going to help me change that in any meaningful way, I really have nothing to lose at this point. And from what I can see (as someone in their late 20s) a lot of people my age are in the same situation and can't find a way out.

So why not try something different? Why not be inventive? I feel like when you are young you are told to be bold and dream big and invent new ways of doing things, be idealistic and try improve the world. But for some reason if its to do with money then we should accept that everything is fine and smarter people know what they are doing. I've met millionaire traders in charge of the savings of thousands of people, and can say I would much rather be in the ethereum community, and much rather have financial systems be opensource, borderless, and free.