"Banks" aren't the problem with crypto, it's the exchanges -- and you better believe that they're tattling on you. Just look at PayPal, etc, all jamming in for their greedy little skims (and MasterCard has the patent on such things). They can't wait until you're all fully electronic and totally under their control.
Sure: you can park crypto in a hardware wallet. But then it's no different than any other stacked physical commodity that you buried in a hole.
Binance is essentially keeping Tether going. Because Binance is the biggest volume crypto exchange and they use Tether to buy everything, then it props up the market cap of Tether.
In other words, Bitcoin is stuffed full of the same kind of number fuckery as the stock-market.
Nobody has any clue who owns most BTC, or who's issuing all the tethers.
This all smacks of blow-off phase distribution to Johnny-come-lately FOMOs.
unless you leave it on a US exchange. Once you move it into cold storage it literally does not exist. Or am I oversimplifying?
"Banks" aren't the problem with crypto, it's the exchanges -- and you better believe that they're tattling on you. Just look at PayPal, etc, all jamming in for their greedy little skims (and MasterCard has the patent on such things). They can't wait until you're all fully electronic and totally under their control.
Sure: you can park crypto in a hardware wallet. But then it's no different than any other stacked physical commodity that you buried in a hole.
In other words, Bitcoin is stuffed full of the same kind of number fuckery as the stock-market.
God help you all when it blows up.