4 ms·
there's also banks.
by pfooti 5y ago
there's also banks.
- nmilo 5y agoBut which bank are you trusting in a time of war? We've seen countries have the power to subvert savings accounts, e.g. Greece limited bank withdrawls to £5000/month. Do you trust these banks more than a distributed ledger? This is a question that needs real thought and evaluation, and crypto might be a useful option. Diversification is important.
- esosac 5y agoi don't know about ukraine, but i live in venezuela and i can't do an international wire transfer here. so some people can't rely on banks, but i probably can rely on someone around here wanting to take my cash or car or house and give me bitcoin if i needed to go away. i use localbitcoins a lot of buy local currency in exchange for bitcoin... and i'm not a "crypto person", but it happened to be super useful for me here in that way
- rosndo 5y agoMy Ukrainian bank card still works, but yesterday when I had to send a friend 40k UAH I had to split it into 8 transfers.