3 ms·
The cash in my bank account is still "cash".
by rlpb 8y ago
The cash in my bank account is still "cash".
- CryptoPunk 8y agoBut it's not cash you control. You control the credit the bank issues to you when you make a deposit. And you rely on the bank not freezing that credit, and faithfully redeeming it for cash when you make a withdrawal. The entire reason cryptocurrency was invented was to get around having to rely on trusted third parties to transact.