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csomar 3 days ago

> I now do not trust any bank.

It baffles me how much this community is opposed to Bitcoin (and fails to delimit it from the rest of the crypto-scams on going) when, for me, it is existential. When you go through 1-2 experiences of bank-freezing and you realize your life is literally at stake here, the abstract debates about energy consumption or speculative bubbles feel like they come from completely misinformed individuals.

It's like watching someone on a rail track arguing not knowing what is about to hit them.

f33d5173 2 days ago | parent [-]

Self custody of cryptocurrency, for the vast majority of people, is riskier than putting their money in the bank. Most people lack the technical competence to keep their crypto secure, and the downside of losing access is much more significant. Notice that the stories regarding banks go "I had to sue them to get it back". With cryptocurrency, in the vast majority of cases, it would instead be "the money was gone for good".