Replying to Avatar freeborn | ἐλεύθερος | 8r0gwg

currency held in institutions is no longer yours: you become a 'creditor' and your bank balance is really just an IOU

last I checked FDIC can only cover less than 2% of insured 'assets'

I would put it into bitcoin, self-custody it, and then not touch it for a few years at least

a.k.a., HODL
Avatar
freeborn | ἐλεύθερος | 8r0gwg 1y ago

...which is to say, regardless of which institution may or may not be more 'trustworthy' your mistrust should be leveled at the fiat currency itself that lies underneath

Reply to this note

Please Login to reply.

Discussion

No replies yet.