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I don't see why having a different settlement layer would prevent the bank from freezing money that they have custody of.
by bootlooped 2y ago
I don't see why having a different settlement layer would prevent the bank from freezing money that they have custody of.
- rglover 2y agoIt removes the bank from the equation. The point here being that you keep some of your funds in Bitcoin so that, in the event you have to deal with something like this, you can still find a means to get people paid. Long-term, if everyone does larger transactions in Bitcoin (e.g., payroll, invoice payments, etc), then problems like this never occur.
- bootlooped 2y agoThen we're not just talking about a settlement layer, right? We're talking about holding crypto instead of cash, and self custody.