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by ilammy 1537 days ago
> I can trust my bank + the government to keep my money safe.

Trust them to keep your money – yes, you can absolutely rely on that.

Trust them to have “your” money back – that’s a taller order. But it it will be safe, sure.

At least with cryptocurrency you don’t have to keep it at an exchange, while the governments are pushing for abolishing cash and keeping all the money in banks.

1 comments

I don't know where this idea that governments want to abolish cash comes from. The crypto-world loves to bandy this about, but in reality a HUGE portion of the people still transact constantly in cash. Granted in the US only about 10-15% of people are "cash-only," but 85-90% use cash daily. Cash isn't going anywhere anytime soon, no matter how great Starlink gets, no matter how much Illuminati-conspiracy the Internet dreams up, electronic only money is a pipe dream in the foreseeable future. Maybe in another 50-100 years? Who knows.
The dollar lost 99% of its value in the last 100 years. Eventually folks will wake up and not want to earn or accept money that melts away so quickly. It should take a lot less than 50y at the rate of print.