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I'm not sure I see the value of a pure digital currency, anyway. My dollars are digital when I want them digital (paycheques, moving between accounts, bill paym
by jarek 15y ago
I'm not sure I see the value of a pure digital currency, anyway. My dollars are digital when I want them digital (paycheques, moving between accounts, bill payments), and physical when I them physical (ATM withdrawal, quick cash IRL transactions).
- icebraining 15y agoAnd non-existent when the organization holding them for you (e.g. Paypal) decides to freeze your account.
- jarek 15y agoThe organizations holding them for me are chartered banks regulated by the government of my country, if they decide to allow freezing the amount I have larger problems. As it happens I consider the need for a private third-party money transferring organization to be one of the larger failures of North American consumer banking systems, but I digress. It's slowly improving in Canada, I can now do inter-bank digital transfers between my accounts without shelling out $50 for a wire. Maybe in another decade or two we'll get to SEPA level.