Post
Topic
Board Economics
Re: "Be your own Bank with Bitcoin" - A reminder why this is so important!
by
Kasabus
on 18/09/2022, 20:30:21 UTC
https://www.reuters.com/world/middle-east/woman-holds-up-lebanese-bank-13000-her-own-money-advocacy-group-says-2022-09-14/

" One woman with a gun and some associates briefly held hostages at a branch of BLOM Bank (BLOM.BY) in the capital Beirut, before leaving with more than $13,000 in cash from her account.... "

" Lebanon's banks have locked most depositors out of their savings since an economic crisis took hold three years ago, leaving much of the population unable to pay for basics. "

Let's just imagine this scenario where you have to "rob" a Bank to get access to your own money that you deposited with them. We think these things are impossible, but it is happening and this is a reminder that it does still happen.  Angry

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
I hope massive realization for bitcoin will be given consideration these days as banks are not helpful and reliable anymore to the people. That is why wise men start seeing potentials of bitcoin as becoming their own bank with their own private keys, definitely it’s more reliable than centralized banks instead. Atleast once you are into bitcoin, you can have all the freedom on what to do with your savings and withdraw it anytime anywhere.