Hacker News new | ask | show | jobs
by midhhhthrow 1261 days ago
Trusting someone else: Well we do this every day with money in the bank, with all the risks that come with it
1 comments

And the guarantee of dilution. The banks are _securely_ creating debt based digital dollars they gain the interest on.

Since they're already practically minting their own dollars they don't need to steal yours.

And if for some reason the FDIC fails, then they effectively will have stolen your dollars.