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RE: Will Crypto survive the length of time? In what form? In search of Intrinsic Value and Use Cases...

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@ph1102
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What a great read! Different topics are covered from different points of view... Comparing with existing technology and giving pros and cons... That's the right way to improve stuff... I would just replace the term "UPGRADE" with improve... IMO, there is no point in upgrading traditional finances as they are completely broken... Bitcoin and blockchain tech is too good to be wasted on the same staff that we are using for decades, and that doesn't work...

As a matter of fact: I have more trust I continue to keep my EURO's safe at some centralised private bank, to when I hold my EURO's on some blockchain with some of the available crypto wallets. The security levels at banks are higher than those around blockchains.

Huh... I have a few problems with this... Firstly, I wouldn't even keep my savings in EUROs... :) and secondly, I wouldn't give them a goat to take care of... lol... and thirdly, I don't think that the network security of BTC is worse than a server in a bank...

when I make a wrong transaction with my bank account, I have a bank that can help me to undo such transaction.

For me, that's the biggest disadvantage of the banks... They can block/change your balance... that's impossible on the blockchain... and we saw that many times (the last time with truckers' protest in Canada)...


I have picked this post on behalf of the @OurPick project which will be highlighted in the next post!

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