Quote from: superman184 on January 21, 2022, 07:24:04 PM

Maybe your concerns are much different from mine. I'm more worried about the Fiat at the moment. If crypto continues to grow, there is a possibility that Fiat will be abandoned and become a stable coin as a replacement for Fiat. The security level of stable coins is much higher compared to Fiat. If you deposit large amounts of money in the bank, is there any guarantee that your money will be safe? If the defendants in the bank ran away and took all your money, would the state that gave the license to the bank pay all your money? The financial authorities limit you to keep a certain amount of money in the bank. If you save more than the specified amount, the financial authorities will not provide any guarantees.

Okay so we have two possible outcomes, one is a bank running with your money, and the other is tether running with your money. Which one do you really think is more possible? I mean not like banks never collapse, they do, and I have seen it but it is such a rare occasion that it is not a common threat.

Plus, governments guarantee a certain amount of your money as well, which makes it easier for people to trust banks unless they have a huge amount. Whereas Tether is just a company and they are not even registered in most important places, last I remember they had like BAHAMAS registration or something. Which one looks more suspicious? I have to say even though I dislike fiat, I rather hold dollars than USDT (although I prefer crypto over dollars as well).