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Thats federally insured. You are paying taxes for your 'still have your money'. Not as clear cut as you think it is. If the government insured bitcoin 'for fre
by conanbatt 9y ago
Thats federally insured. You are paying taxes for your 'still have your money'.
Not as clear cut as you think it is. If the government insured bitcoin 'for free' you would also see a major surge in confidence.
- not_kurt_godel 9y agoThe government insures bank deposits because it, and the vast majority of its citizens, has/have a vested interest in the stability of its currency. That's kind of the point of fiat currency. At the end of the day, there are dudes with guns that will back its value. Not so with Bitcoin. And good luck to any expecting that to change.