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rayinreverse t1_iw9y524 wrote

Reply to comment by deathdealer351 in FTX Latest: Dim Picture for Customers; Criminal Probe Possible by greenfuelunits

Then it’s not ready to replace the modern bank as crypto heads have been claiming?

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deathdealer351 t1_iwa83vv wrote

Sure it is, and will eventually.. You think of all the people complaining about bitcoin miners and the environment impact.. It's nothing on fiat.. Eventually fiat will die and all digital block chain will come out even if it's us block chain, euro block chain... More transparency less dirty than fiat..

Think of exchanges as a stock broker rather than a bank. Also since crypto is not government insured think of it closer to equities... But unlike banks these exchanges are not too big to fail and government is not going to come bail them out for shitty money deals.

But I can use my wallet and send you money without involving anyone.. I can keep my crypto secure with my pkeys and you won't be able to get at it, I can hand you my wallet and pkey and now all the crypto is yours no paperwork nothing.. You can take my wallet but it won't do you any good without my pkey..

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southern_dreams t1_iwa9tjx wrote

Yeah I can do all that with CashApp

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deathdealer351 t1_iwaan14 wrote

Government can tell PayPal to freeze your cashapp.. Or PayPal can just do it.. You cannot freeze my hardware wallet..

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southern_dreams t1_iwaw5h6 wrote

Ok. What are you going to buy with the coins in your hardware wallet.

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deathdealer351 t1_iwbdq6q wrote

So I mine into my wallet. I do buy gold and silver, sometimes I'll buy gift cards from bidali for Amazon, eBay, Google play etc..

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