Re:Ask HN: Would you use a digital currency?
by muzani on Friday November 12, 2021 @04:28AM
(#29197603)
Somehow a number in a database is more reliable than something tangible like crypto.
What if the server gets nuked? Well, it's still verified by several other servers, I suppose.
Trust? I've had this situation once where a check just disappeared. The bank that wrote the check saw no evidence of it. The bank that I gave the check too also couldn't verify it existed. It later bounced and someone called me to tell me to pick it up at a bank branch. The person writing the check wrote another one. That one suddenly went in twice but I didn't call customer support for that for some reason.
So I don't trust banks at all and currently keep my digital money in 6 different accounts, not including crypto.
What if the server gets nuked? Well, it's still verified by several other servers, I suppose.
Trust? I've had this situation once where a check just disappeared. The bank that wrote the check saw no evidence of it. The bank that I gave the check too also couldn't verify it existed. It later bounced and someone called me to tell me to pick it up at a bank branch. The person writing the check wrote another one. That one suddenly went in twice but I didn't call customer support for that for some reason.
So I don't trust banks at all and currently keep my digital money in 6 different accounts, not including crypto.