Post
Topic
Board Economics
Re: You should never trust banks
by
Ayers
on 04/03/2017, 10:22:10 UTC
I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.

Yes correct, let alone all the bank supervised and guaranteed by the State, of course we never doubt that the bank has a high level of trust, and as my experience, I have never been disappointed with the bank, all transactions are transparent.

this doesn't mean that they can't go bankrupt, and this happen all your money vanish in a matter of second and you can't do anything, pretty much like a scammers that scam your wallet, only invest and leave your money on bank that are well known and on the top 10 among oall the bank in the world, because with the recent crysis there are many bank that went bankrupt