5 ms·
Why destroy it, instead of custodying it with a bank, backed by their deposits at the Fed?
by acjohnson55 2y ago
Why destroy it, instead of custodying it with a bank, backed by their deposits at the Fed?
- greyface- 2y agoElimination of unnecessary trusted third parties. Custodying it with a bank means trusting that bank to not misappropriate it. Destroying it means trusting physics and the irreversibility of entropy.