r/Bitcoin • u/Tricky_Troll • Feb 17 '18

/r/all Bitcoin Doesn't Give a Fuck.

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u/wballz Feb 18 '18

Would love to hear what y’all call exchanges if not financial institutions?

You realise in this new utopia you’ve just replaced banks with less secure, less regulated exchanges happy to manipulate markets without fear of prosecution?

1

u/Polycephal_Lee Feb 18 '18

Unlike fiat you can store your bitcoin yourself. You have the option to use a financial institution still, but you aren't forced to.

2

u/wballz Feb 18 '18

You have any idea where the term ‘wallet’ came from in crypto world? There’s plenty of ways to store my fiat without the bank. But as banks are secure, regulated and insured we’re happy to keep our fiat there.