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Comment by add-sub-mul-div

15 hours ago

I keep my money with traditional boring financial institutions instead of tech startup clowns so it's been very easy not to get hacked.

Yeah apparently it's news in 2026 that banks can actually keep their assets secure in comparison to the web3 clown fiesta. Of course banks do get compromised but not anywhere close to this degree.

  • Bits about money explains why: the (normal) financial system is slow for a reason: if a bank suddenly tries to transfer 5.6B all other banks will call their contact for confirmation and then take 2 business days to process the transaction, more or less.

    Stealing anything is easy, escaping and converting to cash is the hard bit, and crypto makes it easy to vanish with your money in literal seconds.