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This is one of the big advantages of the traditional banks -- bad things will always happen, but with regular financial system you can often recover from this.
by theamk 6y ago
This is one of the big advantages of the traditional banks -- bad things will always happen, but with regular financial system you can often recover from this. Sure, some times money disappear, but a lot of times you get it back.
And it is not as much as Coinbase vs Citibank, as much as it is the overall system design: if your crypto is gone, there is no recovery, by design. If your regular money is gone, you have a whole bunch of laws to help you.