US’ First Crypto Bank Reveals Date of Commencement

Re:US’ First Crypto Bank Reveals Date of Commencement by iamben on Monday June 14, 2021 @11:52AM (#27504091)

I don't disagree this is the direction we're moving in, but what need is there to move to handling your own stuff?

If I spoke to 99% of my non tech friends - who (thanks to things like the NHS Covid Check In app) now get QR codes - I don't think any would feel the need to avoid using Stirling and a bank?

(Edit: particularly when contactless/phone/watch payment is so ubiquitous in the UK)

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Re:US’ First Crypto Bank Reveals Date of Commencement by randomopining on Monday June 14, 2021 @12:29PM (#27504618)

Tbh for the average person, I agree. Actually I think they benefit from centralized powers that can reverse fraud, etc.

But the narrative is enticing: "Control YOUR money/value!"

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Re:US’ First Crypto Bank Reveals Date of Commencement by iamben on Monday June 14, 2021 @12:44PM (#27504804)

Haha, yes, with you totally!

Perhaps it's a little like the Linux vs Windows/macOS/iOS/Android thing - "have complete control of your computer! Prevent people from spying on you! Tinker under the hood!" - and yet most of us are content with changing the background picture and happy if we don't get malware.

I wonder if cryptocurrency is doomed to the same fate. If we take away the speculation and get rich quick - for the average person, what's left? If it won't make me rich (and there's a risk it'll make me poor!), why move from what I already have that works (arguably) far better?

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