There is no finer time to realize the true intention of decentralized currency. Alot of people I know treat Bitcoin and altcoin as if it were some type of short-term investment. Many people (because of Bitcoins' recent popularity) hope to find a quick gain out of investing in digital currencies. Yet, recent happenings within the world will show you the true purpose of the currencies we've grown to adapt.
Many people enjoy the luxury of having their assets insured by agencies such as the FDIC. The Federal Deposit Insurance Corporation insures banking institutions and is the primary corporation that allows most Americans that their money is safe inside their local banks. For a large sum of the banks' action the FDIC will make sure that money provided by individual accounts are compensated for (if) that money that is stolen from those "protected" accounts. It has worked. Until it doesn't. Find yourself on the opposite side of a courtroom from the FDIC and you may find yourself spending a whole bunch of money for represenation of your own money. Long story short, youll be paying money to reclaim a portion of your money
Must I draw the lines here. Residents of countries all over the world are already reaping the benefits of currency they have bought with these (insured) currencies.
THIS IS WHAT YOU NEED TO KNOW : WHEN YOU OWN 1.425 BTC and have it secured in your wallet, you own 1.425 BTC.
When you have $55,236 in the bank, you have what your bank allows you, based on conditions (they) have predetermined and you have neglectfully accepted.. Good luck with that.