Re:Coinbase Wants to Be Too Big to Fail
by CryptoPunk on Thursday September 27, 2018 @10:04PM
(#18090432)
But it's not cash you control. You control the credit the bank issues to you when you make a deposit. And you rely on the bank not freezing that credit, and faithfully redeeming it for cash when you make a withdrawal.
The entire reason cryptocurrency was invented was to get around having to rely on trusted third parties to transact.
The entire reason cryptocurrency was invented was to get around having to rely on trusted third parties to transact.