this post was submitted on 19 Jun 2023
234 points (100.0% liked)
Technology
37737 readers
617 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Oh boy, wait until you find out about CBDC (Government's version of cryptocurrency with dystopian spin on it such as deleting your money if they don't like you.)
@TheTrueLinuxDev @peanuts4life Have you not heard of a bank account before lol. They can already freeze your assets at will.
And we have the option to use the paper dollars, by depreciating that, you have no safety net during a bank run. GG.
@TheTrueLinuxDev I haven't used cash in ages lol
That's good and all, but if you haven't diversify your assets, equity, and capitals, then you are still putting all of your eggs in one basket.
@TheTrueLinuxDev you can't do any of that with cash. Where are you investing with cash?
I could go on and on, you absolutely can with cash and people do it all the time.
We almost had a bank run in America a few times now, cash is good to have if you're in the middle of a bank run in America and you have to buy things now.