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If you are talking banks and checks, you are missing the point entirely.. In 2013 the Cyprus government confiscated 47.5% of all bank deposits above €100,000. L
by randomhodler84 5y ago
If you are talking banks and checks, you are missing the point entirely.. In 2013 the Cyprus government confiscated 47.5% of all bank deposits above €100,000. Let that sink in. Banks are the last place you want to trust your life savings.
- silisili 5y agoPerspective. That figure is for a single bank, on uninsured deposits. Let's not forget it was all quasi legal tax games anyways. If I as a US citizen have to run away from my house, the banks have stolen all the money, what good is Bitcoin going to do? At that point it's all out anarchy, and good luck finding a computer much less electricity. And assuming you find both, what in the world are you even hoping to buy? And if you're thinking of those in other countries with less protections and stability, fair enough, but those aren't the ones speculating and getting rich off this scheme.
- randomhodler84 5y agoMaybe take a look at some of the distribution of coins. It’s not all US people that are using this. Nigeria has per capita more Bitcoin users than the US. I get it. Your money is safe in FDIC insured banks. There are billions of people that don’t have this luxury. This is for them. And you, if you don’t trust those banks.