people still are using bank accounts... i thought they would all be closed and obsolete years ago...
Wait... Why?
bank accounts work
- those are safe
- reliable
- currency is stable
- Dollar is recognized globaly
- they have anti-fraud mechanisms
- if something goes wrong, and it's not my fault, my money is safe and insured
- my savings are safe and insured
Tell me, what are the advantages of the current options in crypto?
- currencies (most of them) are volatile
- exchanges were hacked countless times
- blockchain is irreversible
- most of them are based on hopes and dreams
- many of them have <10.000 users
More questions:
- how to track money laundry?
- how to pay taxes?
- how to calculate customs/ charges?
Who would you trust more? Bank + Insurance + the whole nation + government +++++
Or... about 20 people called witnesses, who have got several millions of some crypto and invested it in PoS. You don't even know if those people are real. You don't know if those 20 people are indeed 20 people. You are not insured. And even if everything goes to hell, nobody will care, because the whole marketcap is a drop in ocean.
Are you sure you want to shut down your bank account?
RE: My Background and Vision for Steem