Current Events > Why are people hyped over a decentralised currency?

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Kloe_Rinz
01/30/22 5:54:54 PM
#1:


It sounds good in theory, until you realise you need some of the benefits that come with a centralised currency. Imagine losing access to your crypto wallet or something and losing your life savings. With a real bank you have someone to go to so you can get your money back. With crypto, you're fucked
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whitelytning
01/30/22 5:58:18 PM
#2:


What happens when the bank closes or runs out of money?

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SSJKirby
01/30/22 5:59:31 PM
#3:


whitelytning posted...
What happens when the bank closes or runs out of money?
riots

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COVxy
01/30/22 5:59:45 PM
#4:


They're not, they are hyped over a get rich quick scheme, trying to ride the meme to the bank.

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Rexdragon125
01/30/22 6:01:24 PM
#5:


whitelytning posted...
What happens when the bank closes or runs out of money?
You'll have to figure out how to power your PC or charge your cell phone for starters
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Kloe_Rinz
01/30/22 6:01:34 PM
#6:


whitelytning posted...
What happens when the bank closes or runs out of money?
The government would step in at that point
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whitelytning
01/30/22 6:06:43 PM
#7:


Kloe_Rinz posted...
The government would step in at that point

Ignoring other nations, there are examples of banks failing or runs on banks where people lost money and the government did nothing in the USA within the last 100 years. I get the it will never happen attitude but for others that isnt how they see it and it is naive.

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g980
01/30/22 6:30:33 PM
#8:


whitelytning posted...
What happens when the bank closes or runs out of money?


They can borrow money from the government

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Michael_Booth
01/30/22 6:33:31 PM
#9:


g980 posted...
They can borrow money from the government

Tell that to the Greeks.
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