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The thing about "non-custodial-money": Unless someone is willing to literally hide a small fortune under his mattress, there is really no such thing; What's mo
by usrbinbash 5y ago
The thing about "non-custodial-money": Unless someone is willing to literally hide a small fortune under his mattress, there is really no such thing;
What's most peoples primary source of money? Jobs.
How are these jobs paid? Usually as a wire transfer to some bank account.
Custodial Money.
Sure, someone could go to the ATM every payday and then actually hide the money. But this comes with lots of serious drawbacks: physical cash can be damaged, stolen, even forgotten. The Blorkchain is only the digital form of the mattress; drives can get damaged, hacks can happen, keys can be forgotten. Plus, with its volatility, even if no catastrophe strikes, it may well be that the money lost a lot of its worth at the point when it's needed.