• porsche13@lemmy.today
    link
    fedilink
    English
    arrow-up
    4
    arrow-down
    5
    ·
    3 days ago

    Decentralized money as well. We need to move away from the control of government and corporations (they are now one and the same). I’m putting more and more of my money in bitcoin. The dollar will continue to erode while wages stay flat. And Trump and his new oligarch buddies will completely decimate the American economy and stock market while they make out like bandits, leaving everyone else the bag holder. Your 401k isn’t safe anymore.

    • cy_narrator@discuss.tchncs.de
      link
      fedilink
      English
      arrow-up
      1
      ·
      3 days ago

      Trust me bro, if your underground stash of money is robbed or stolen because you refuse to trust a bank to safeguard it, it will be considered your fault

      • explodicle@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        1
        ·
        2 days ago

        You should have backups with a passphrase, in different locations. So if the underground stash is stolen/corroded, or if the bank opens up your safe deposit box, then your money is still safe.

        Is this easier? No. Is this what we’ve come to? Yes. Now that we’ve got a choice, it’s our own fault no matter which system fails us.

    • shortwavesurfer@lemmy.zip
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      2
      ·
      edit-2
      3 days ago

      Same but with Monero. I don’t need my friends, neighbors, $5 wrench attackers, and governments knowing how much money I have. And neither should you.

        • shortwavesurfer@lemmy.zip
          link
          fedilink
          English
          arrow-up
          1
          ·
          2 days ago

          Yes, but it does not work well. You constantly get failing payments due to inadequate channel liquidity unless you’re using a large centralized wallet provider and using a large centralized wallet provider defeats the purpose of peer to peer digital cash that’s uncensorable.