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I don't understand the logic behind this line of reasoning - Based on the sentiment and 2 reasons above, you should have pulled all your money out of a bank so
by irjustin 5y ago
I don't understand the logic behind this line of reasoning - Based on the sentiment and 2 reasons above, you should have pulled all your money out of a bank so you can control your cash.
So have you? or why haven't you?
> In a cashless system, your money does not belong to you.
This doesn't work in reality because most people don't hold the majority of their money in cash form. You're already 95-99% cashless.
To me the above arguments are a better reasoning for crypto-currencies and their actual use instead of pure trade instead of fear of becoming 'cashless'.
- klabb3 5y ago> Based on the sentiment and 2 reasons above, you should have pulled all your money out of a bank so you can control your cash. > So have you? or why haven't you? Not parent but share the sentiment. I have not. I don't see the conflict. Someone who's e.g. very pro freedom of speech might not personally worry about getting censored, but may be worried what happens if those on the edges get censored. It's the same here. Most have no immediate personal worry, and that's perfectly compatible with having an opinion about how the government should regulate monetary instruments.
- tawaypol 5y agoI've pulled a lot of my money out into crypto currency now. Often my wallet is worth more than my checking account.