Most of your money exists not as something folded in your wallet, but as an entry in a bank’s database, faithfully requested and rendered beneath the glass of your phone. If someone else gets to decide 'if' and 'how' you can spend it, is it really yours?

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Most of your money exists not as something folded in your wallet, but as an entry in a bank’s database, faithfully requested and rendered beneath the glass of your phone. If someone else gets to decide 'if' and 'how' you can spend it, is it really yours? (edwardsnowden.substack.com)

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[–] • 1 pt

This is what cracks me up about people who are anti crypto. USD is also digital, but with no cap on how many dollars will be created. It's a shittier version dogecoin, which is shitty litecoin, which is knockoff bitcoin.

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[–] • 0 pt

Doesnt litecoin at least have sustainable transaction fees though?

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