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Lets focus on one topic instead of a hodgepodge of unrelated reasons why you dont have confidence in this system Banks state backed insurance came retroactivel
by vmception 5y ago
Lets focus on one topic instead of a hodgepodge of unrelated reasons why you dont have confidence in this system
Banks state backed insurance came retroactively and it took decades for people to feel confidence in that system and is one of several factors in why the customer experience has things you like. You can still find a sliver of society that doesn't trust banks. That confidence and transaction reversibility isnt inherent to banks, and the lack of these redundancies isnt inherent to crypto.
Can you respond to that specifically?
- toomuchtodo 5y ago> You can still find a sliver of society that doesn't trust banks. I don’t believe it’s necessary to pander to fringe groups, just as I wouldn’t entertain the concerns of sovereign citizens and similar folks “off the reservation.” Financial and banking regulations in developed countries (including the US) are robust, and arguably are sufficient to provide a firm safety net for participants in the system. No need to address my other points.
- vmception 5y agoYour other points also assume crypto asset users even care about it as a replacement financial system as opposed to a merely parallel one I just use it and it works for what I want, and yeah for me it is faster and cheaper and better due to the lack of transaction size limits