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> Do I trust an ECDSA signature more than I trust a nameless brick and mortar bank holding some corporate funds. Hell yes. Computational security. Hard laws of
by csomar 6y ago
> Do I trust an ECDSA signature more than I trust a nameless brick and mortar bank holding some corporate funds. Hell yes. Computational security. Hard laws of math. I'd rather not hold tether in general, but IMHO it is less at risk than funds in bank accounts. I know this might sound strange to you dear reader, but you may not have experienced a time where bank accounts got haircuts, or your bank started freezing your funds. You cannot trust a bank! Be your own bank!
People have a very short memory. Citizens of Europe/US are generally not concerned because they think their governments will back their promises. Citizens of less fortunate countries do not mind the risk of Tether/Bitcoin because they national central bank is riskier and more corrupt/scammy.