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My bank is a place I store money when not using it.. so that it's not in my house or at risk of being stolen. The fact I use the bank as a utility to also spend
by Graffur 5y ago
My bank is a place I store money when not using it.. so that it's not in my house or at risk of being stolen. The fact I use the bank as a utility to also spend that money is unfortunate. Thank God (Satoshi) for crypto so that I can spend my money without needing a bank to allow it.
- null_object 5y agoJust a reminder: you don’t need satoshi to spend your money wherever you want. You can just withdraw it from your bank as cash first. Just think this freedom has existed for thousands of years without the need to burn up the planet with meaningless computations as a prerequisite.
- hulahoof 5y agoIn Australia they have moved to BSB cash transactions over $10K, with a stated goal of becoming a cashless society. I wouldn't be so sure this will always be an option.
- Graffur 5y agoSince when can you withdraw cash and then spend it online? You can't. That is what Bitcoin solved.
- robertlagrant 5y agoIt didn't solve it. We could have anonymous payment intermediaries today if we wanted. We don't want them because of the massive amounts of money that would be laundered through them.