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Is Crypto Finally Dead?
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this post was submitted on 19 Jun 2023
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Technology
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Oh boy, wait until you find out about CBDC (Government's version of cryptocurrency with dystopian spin on it such as deleting your money if they don't like you.)
@TheTrueLinuxDev @peanuts4life Have you not heard of a bank account before lol. They can already freeze your assets at will.
And we have the option to use the paper dollars, by depreciating that, you have no safety net during a bank run. GG.
@TheTrueLinuxDev I haven't used cash in ages lol
That's good and all, but if you haven't diversify your assets, equity, and capitals, then you are still putting all of your eggs in one basket.
@TheTrueLinuxDev you can't do any of that with cash. Where are you investing with cash?
I could go on and on, you absolutely can with cash and people do it all the time.
We almost had a bank run in America a few times now, cash is good to have if you're in the middle of a bank run in America and you have to buy things now.