Post
Topic
Board Economics
Re: "Be your own Bank with Bitcoin" - A reminder why this is so important!
by
Fivestar4everMVP
on 17/09/2022, 04:32:45 UTC

Bitcoin allows you to be your OWN Bank .....and it allows you to have access to your own money, without any intermediary having the power to block it. Just make sure that you have sole access to your Private keys.  Wink
Bitcoining or Banking all have their respective risks, though I agree with you that it is time people start learning to become their own bank, but then, you must agree with me that we mustn't all be our own banks... We all should buy and hold bitcoin, but I think the banking system should still be there as an alternative to those who are not well educated enough to cope or understand the operability in bitcoin and cryptocurrencies - this is in respect to our grand parents and great grand parents that are still alive today, this group of persons or individuals will never want to go out of their traditional means of transacting, hence, they never can get involved in bitcoin no matter how you try to convince them.