Home•Fairfax General Forum•Arrest/Ticket Search•Wiki new•Pictures/Videos•Chat•Articles•Links•About
Off-Topic :  Fairfax Underground fairfax underground logo
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Goto Topic: Previous•Next
Go to: Forum List•Back to Forum•Post New Topic•Search•Log In•Print View
Bitcoin or Bank - Which is a safer place for money?
Posted by: Mister Goldberg ()
Date: March 21, 2023 03:52PM

Wow. Tough choice, huh?

Options: Reply•Quote
Re: Bitcoin or Bank - Which is a safer place for money?
Posted by: Magic ()
Date: March 21, 2023 03:55PM

If you combine gold (store of value) and Bitcoin (easy transactions) you have the basis for a parallel financial system that is completely disconnected from Washington, DC.

Which, of course, is why Washington, DC hates gold and bitcoin so much. And is why Washington, DC is at war against both gold and bitcoin.

Options: Reply•Quote
Re: Bitcoin or Bank - Which is a safer place for money?
Posted by: Barnum's Observation ()
Date: March 21, 2023 04:12PM

Tough choice considering when you buy Shitcoin with dollars the money goes to a bank somewhere until it's needed to pay others cashing out. No FDIC with Shitcoin deposits or 800# to call if your account created with the click of a mouse disappears with the click of another's mouse. Scary huh?

Options: Reply•Quote
Re: Bitcoin or Bank - Which is a safer place for money?
Posted by: Elon ()
Date: March 21, 2023 09:10PM

Barnum's Observation Wrote:
-------------------------------------------------------
> No FDIC with Shitcoin deposits or 800# to call

Bitcoin is not a "deposit" into the fractional banking system. You buy it, you own it outright. It's like gold in that sense. Of course, you do need to move it to your personal wallet so it's not held at Coinbase or somewhere like that.


> if your account created with the click of a mouse
> disappears with the click of another's mouse.

Bitcoin cannot be created or destroyed with the "click of a mouse." US currency, which is simply printed by the Federal Reserve, certainly can though.

Options: Reply•Quote


Go to: Forum List•Back to Forum•Search•Log In
Your Name: 
Your Email (Optional): 
Subject: 
Attach a file
  • No file can be larger than 75 MB
  • All files together cannot be larger than 300 MB
  • 30 more file(s) can be attached to this message
Spam prevention:
Please, enter the code that you see below in the input field. This is for blocking bots that try to post this form automatically.
 **     **  **    **  **        ********   ******** 
  **   **   **   **   **        **     **  **       
   ** **    **  **    **        **     **  **       
    ***     *****     **        ********   ******   
   ** **    **  **    **        **     **  **       
  **   **   **   **   **        **     **  **       
 **     **  **    **  ********  ********   ********
This forum powered by Phorum.