Hey G&G's,
I’m continually amazed at how people still fight the existence of cryptos as a viable option to the current legacy system, that has arguably done more harm than good in the world. The mainstream media isn’t helping any with spreading FUD (in the case of cryptos) and misleading the public on how things actually work.
I misspoke when I said the FDIC was for the institutional investors of banks. The is supposed to be a safety net for people in the $250K range. But most people have nowhere near that. Not to mention the way the rules were changed under Obama, the investors get the money first. Which still leaves the actual account holder of the bank assed out. Once you put your money into the bank. They can do what every with it and that includes not giving it back to you, sad to say.
Not saying I have any or even the exact right answer. I just know that people need to wake up and stop using convenience as the reason to excuse what is going on. The current system works but it is at a cost. The cost plays out in the growing gap of the economic divide. The buying power of the USD has been on the decline since the 70’s. Yet people still argue and kill for it.
Not sure what’s wrong with us. Sorry for the rant you'll.
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