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Lack of FDIC protection is a good thing? Seriously? Congratulations, bitcoin, you have managed to reinvent people keeping cash stuffed inside their mattresses.
by minimax 13y ago
Lack of FDIC protection is a good thing? Seriously? Congratulations, bitcoin, you have managed to reinvent people keeping cash stuffed inside their mattresses.
- baddox 13y agoYes, lack of FDIC protection is a good thing, because better alternatives would exist. Deposit insurance can be implemented far more efficiently in a competitive market. And this has nothing to do with "keeping cash stuffed inside their mattresses," by which I assume you mean not being invested in some form (e.g. being loaned out to other people and earning interest).