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It goes into my bank account either way. I trust the bank to accurately count my dollars and to give them to me whenever I ask, because they have a very long hi
by fwip 7y ago
It goes into my bank account either way. I trust the bank to accurately count my dollars and to give them to me whenever I ask, because they have a very long history of doing just that.
You're proposing a scenario in which all banks collapse and FDIC insurance fails, but also one in which my computer continues to be a productive member of the bitcoin network and my neighbor will sell me access to his bunker for 3 bitcoins. And my ISP won't be upset that I can't pay them in USD.
If I was worried about the collapse, I think I'd want to store my money in something with real value, not imaginary internet coins that none of my neighbors have ever heard of. Maybe gold, to be cliche. Canned food?
- noxer 7y agoYou wanted to know what the benefits are and I told you. I never said that it should/could replace all debt Tx or the debt system in general. I never said anything about banks collapsing. I never said anything about Bitcoin. You can trust your bank you choose the one you want to trust. But what about a companies who hav to deal with foreign banks or what about banks who have to deal with other banks. what if the best choice is still bad and should not be trusted. Value Tx can solve this because they are trust less.