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A comment on People don't want to run their own bank. Parent comment

Re:People don't want to run their own bank by im3w1l on Friday February 04, 2022 @08:36AM (#30206582)
Having a small amount of money on-chain can work as a hedge in many scenarios. Risk of losing, sure it is high, but the failure mode is very different from anything else you own, so the overall risk is lowered.
[ Parent | on HN ]
Re:People don't want to run their own bank by lottin on Friday February 04, 2022 @09:55AM (#30207481)
So when society collapses you'll be fine because you'll have a small amount of money... that only exists on the internet.
[ Parent | on HN ]
Re:People don't want to run their own bank by im3w1l on Friday February 04, 2022 @10:49AM (#30208319)
There are other possibilities than full collapse of society. A simple one is that your possesions are siezed.
[ Parent | on HN ]