Thread: One of the world's biggest banks just admitted bitcoin could destroy existing finance firms
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Old 07-07-2015, 11:13 AM  
L-Pink
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Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,151
Quote:
Originally Posted by crockett View Post
We already have electronic currency.. Money gets deposited into my bank account with out me ever touching it. I then spend it with a check card with out ever touching it. Sure if I really wanted to I could withdraw it and have the cash... But rarely do I ever carry much cash anymore. Only if I'm buying/selling things off craigslist do I ever carry a lot of cash.

But you aren't shit-out-of-luck if your funds get stolen from an FDIC insured bank.
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