Comment by Balgair
1 day ago
Yeah, but banks and the normie monetary system has a lot more safeguards in it when it comes to account transfers. Or at least, they appear to have them.
Crypto? It's wild, and people think it's wild.
1 day ago
Yeah, but banks and the normie monetary system has a lot more safeguards in it when it comes to account transfers. Or at least, they appear to have them.
Crypto? It's wild, and people think it's wild.
I tried to use Coinbase a few months ago to pay for something, and I couldn't even make a transaction because it was deemed suspicious, and my account got locked or something.
Someone with a lot of cryptocurrency in Coinbase is also quite likely (at least relative to the average person) to have lots of on-chain cryptocurrency, too, though.
of course, you need to point out that Crypto has ended up being indistinguishable from the banking system in all the important parts.
The distinguishing parts are things you don't want: easily corrupted, grifted, cheated and otherwise duped.