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by rabidvermin 1540 days ago
There's a reason people keep their financial assets in a bank or other such institution, rather than cash under the mattress.
2 comments

IF they live in a place where this is perceived as safe.

How many Canadians are now rethinking that decision after the government banned people from using their own money if they supported a cause the rulers found objectionable? It's not everyone, certainly, but it's also not no one.

Banks are safe until they aren't. If you're lucky enough to live somewhere they are, for now, great! Enjoy that while it lasts.

But recognize that it isn't true everywhere, and it isn't necessarily true always even where it's true presently. Just because it's a reasonable thing for you to do right now, that doesn't make it a reasonable thing for all or even most people to do now, much less indefinitely.

In which case: do you think it's impossible for a bank to vault Bitcoin with the same level of security as traditional money?