While I'm glad to hear about how the wallets are effectively protected, there are limits with the workarounds.
Yes, a prepaid card is great, but cryptos are still too volatile for many to drop years of savings into. Whereas, a combination of liquid cash and coins can cover all of those bases while hedging against inflation and evading any freezing of accounts.
Especially that the episode starts with the potential of a cyber attack.
That said, I had concerns that the wallets would hit a bank wall at some point, that did ease my mind some, concerning the modest wallets of cryptos I do have.
As someone who lives in <some random country> that does a lot of export, our local currency is very volatile towards the USD, prices change all the time. You're right, it is something one can get used too. This because the price will be lower than expected, just as often as it's higher than expected.
For someone living paycheck to paycheck on usd only, prices will only go up, never down.
While I'm glad to hear about how the wallets are effectively protected, there are limits with the workarounds.
Yes, a prepaid card is great, but cryptos are still too volatile for many to drop years of savings into. Whereas, a combination of liquid cash and coins can cover all of those bases while hedging against inflation and evading any freezing of accounts.
Especially that the episode starts with the potential of a cyber attack.
That said, I had concerns that the wallets would hit a bank wall at some point, that did ease my mind some, concerning the modest wallets of cryptos I do have.
I agree
BUT
Worth pointing out the mindset change that comes with seeing fiat as the shitcoin and Bitcoin as the real money
If you no longer care about fiat then it doesn’t matter as 1 BTC = 1 BTC
Just how most people don’t really care about the currency conversion of USD to <some random country>
Regardless, I agree with your assessment to cover all bases
As someone who lives in <some random country> that does a lot of export, our local currency is very volatile towards the USD, prices change all the time. You're right, it is something one can get used too. This because the price will be lower than expected, just as often as it's higher than expected.
For someone living paycheck to paycheck on usd only, prices will only go up, never down.
Banks are for suckers