Credit is the original digital currency and people definitely aren't afraid of that

in bitcoin •  7 years ago 

I'd add that people are forced to use central banking and therefore don't need/want/care to know how it works.
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Credit is the original digital currency and people definitely aren't afraid of that

Its just a Matter of Time When people will Start moving away from Banks and start using #Bitcoin . As it is AIO ( All in One ). Currency , Account ( Wallet ) , Store of Value etc.

They use it without question because it’s all they’ve ever known. The government, the schools, even news media companies have to answer to the central bank in some way.

I think the issue is if your bank account gets hacked the bank will replace your money where as if your crypto gets hacked you’re screwed. That’s what people say to me all the time.

Many do not understand how #bitcoin works, true, but I think that many just don't want to buy Bitcoin and lose its value weeks later.

Fortunately or unfortunately people trust governments more than they trust other systems because of it's physical presence - the government cannot run away with your money where as in other systems the money can be stolen as assuming every technology to be 100% secure is foolish

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