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Your bank is regulated and insured.

• xtracto 6y ago
  Which still does not prevent it to block you from your money in the event of a very sharp recession or depression to "avoid bank runs". It has happened every time in every country where the government actions have fucked the economy. The people are the ones that pay.
  • iamben 6y ago
    Just off the top of my head, didn't Binance do exactly that in like the last 10 days or something (with ETH, iirc)? I don't think it's an argument against some kind of regulation/consumer protection. Pretty much everyone I know (in the UK) has banked safely for most of their life. Pretty much everyone I know that's touched crypto (me included!) has a story about losing something.
  • klmadfejno 6y ago
    And if the government decides to outlaw bitcoin, not only will it become a lot harder to access it from services or trade it for goods, but the value of the coin will plummet rapidly.