03-31-2023, 11:33 AM
"Banks: Trust Us" vs "Bitcoin: Trust Yourself"
<!-- SC_OFF --><div class="md"><p>The banking system is working on our trust. When we put our money into them it means we believe they are able to protect our money. But this trust-based system shows their priority is protecting the riches instead of regular people. When a crisis happens, the regular taxpayers are paying the bill with bailouts and inflation while riches move away with their profits.</p> <p><strong>So what makes bitcoin an alternative to this trust?</strong></p> <p>First of all, your money will be under your control, and riches won't be able to use your money to make themselves richer. Since there won't be any way to avoid a 21 million supply, your wealth won't melt by inflation. And you are being able to transfer it 24/7 by anyone around the globe without anyone's permission.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mesutdmn"> /u/mesutdmn </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/126vmch/banks_trust_us_vs_bitcoin_trust_yourself/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/126vmch/banks_trust_us_vs_bitcoin_trust_yourself/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>The banking system is working on our trust. When we put our money into them it means we believe they are able to protect our money. But this trust-based system shows their priority is protecting the riches instead of regular people. When a crisis happens, the regular taxpayers are paying the bill with bailouts and inflation while riches move away with their profits.</p> <p><strong>So what makes bitcoin an alternative to this trust?</strong></p> <p>First of all, your money will be under your control, and riches won't be able to use your money to make themselves richer. Since there won't be any way to avoid a 21 million supply, your wealth won't melt by inflation. And you are being able to transfer it 24/7 by anyone around the globe without anyone's permission.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mesutdmn"> /u/mesutdmn </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/126vmch/banks_trust_us_vs_bitcoin_trust_yourself/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/126vmch/banks_trust_us_vs_bitcoin_trust_yourself/">[comments]</a></span>