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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[–] • 3 pts

Interestingly, I bought a little Bitcoin about 6 years ago and it has now become worth more than my savings account at the bank. So "most of my money" is indeed faithfully requested and rendered under the glass of my phone, but no bank or anyone else can get between me and those funds.

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[–] • 0 pt

It takes about five years for that to happen for almost everyone with bitcoin.

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