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> Do people who had SafeDollar have control over their own money? Did the people whose money got locked in the DAO because of a software bug have control over t
by UIGYUIUYG 5y ago
> Do people who had SafeDollar have control over their own money? Did the people whose money got locked in the DAO because of a software bug have control over their own money?
Nope, because they didn't do their due diligence. Do you deposit your savings to a new bank that's not had a single audit done? Are there any specific banks that you won't do business with? It's the exact same in the crypto sphere.
> Do you in fact do this?
I do indeed. I use it as my daily spending card. Should Contis Financial Services Ltd collapse it'd be a bummer, but I've lost more on a night out by dropping a paper note. I will agree it's not like using a bank card, I should specify more like a pre-paid card.
Whilst you don't get the financial protection that you do with standard institutions it's the price you have to pay to start working towards a different financial future.
- pavel_lishin 5y agoValid points, but the financial future crypto like this paints is not a future that seems better to me, not like a future I want to live in, or work toward.
- umanwizard 5y ago> Do you deposit your savings to a new bank that's not had a single audit done? Sure, because banks in my country are regulated, and deposits are insured, so I trust literally any bank.