Yes, they act like your money is theirs because the government rewards them for having it, not you! They make so much money off your deposit being listed on their books, meanwhile lending it out, that they really do feel like you're taking their money when you withdraw it from your account.
Crypto is here. Great insight on the original hodl concept transforming as more people get into crypto wanting it to be a transactional currency. We'll see how that goes. It really isn't that great as a transactional currency if you look at anything that is likely to satisfy investors wanting rapid appreciation. Who wants to pay with anything today that's worth 10x as much in a few months?
I know I'm going to HODL the coins I got unless there is just some big emergency or something. This is part of my investment portfolio as I create my path to wealth and freedom.
Maybe one of the other coin such as Tether or NuBits can be used as the transactional currency?
I think that at some point, crypto is going to become the new stock market. Just a thought without investigation though.
So here's the interesting thing, is it about blockchain technology transforming tech beyond the internet, or about crypto that secures the blockchain transforming transactional currency beyond fiat, or about crypto transforming investment markets like commodities and stocks? Or is the transformation in the deeper integration of technological solutions and currency than we've ever experienced before? Or is it the decentralized destruction of the 3rd party arbiter of official truth? Or in the exposure of the values system that secretly lies behind the money we already use, and awakening to the idea that there might be alternative measures of value that we align with more than corporate or military dominance? Or maybe the way it allows for untraceable transactions, so that there is both privacy beyond the reach of governments AND radical transparency that is virtually impervious to corruption? Or is it simply a hot speculative market in which lots of money can be made?
Crypto is revolutionary in so many ways, that I think it is impossible to say at this juncture which it is primarily going to be known for. It is definitely going to do all those things to some extent.
Wow you really put it into perspective with all of the possibilities that are out there for blockchain technology and crypto. Like you said it is impossible to know what it'll be known for but what we do know is that it's changing the world as we know it!