That's one of the core values for me, however I can see that people are used to or just fine with their current bank relationships. Thinking that it's either the one or the other that work for everyone is naive.
I can login to my online Bank of America account now and transfer money to most anyone I know in about 100 countries. I can do the same from my bank account in A foreign bank account.
Freedom = I don’t want the government to know. I don’t have anything to hide and I am perfectly fine with the government seeing to whom I send/receive my money.
But bitcoin’s utility of it being a mechanism for transactions is over. It has become a mechanism to hoard wealth. The same way Tulips were used to hold wealth. The bulb will burst and it will lose that mechanism as well.
That said I think crypto currencies are the future...I just don’t think it’s bitcoin...
I doubt you can define or explain those words, but you're welcome to try.
Crypto currency accounts have some massive accounts now, not sure those would be covered much in those cases even with FDIC protection though it would be nice.
If there truly was a banking crash where more banks went down than in the Great Recession, I wonder how FDIC would hold up based on how many over leveraged games were being played that led to that implosion. Crypto currency is probably a reaction to that as well, trust in banking is immensely low in history.
If you have a substantive point to make, make it thoughtfully; if you don't, please don't comment until you do.