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In Favor of Digital Money.Good morning. Today I’m writing a little about what I’m seeing around me. It’s a little sad, but at the same time encouraging for us. The point is that we still see a lot of people supporting the use of physical currency (banknotes and cash), or rather, rejecting and opposing digital money. Especially cryptocurrency. It seems to me that people prefer to keep suffering the blows dealt by banks: money lost from accounts, exorbitant fees, and even bank failures, when banks use depositors’ funds in the owners’ family ventures simply because they are related, regardless of the risk involved. The most recent example is what happened in Uruguay with Unibanco, which left thousands of savers with nothing because the bank’s owner families used their money.

In Favor of Digital Money.

Good morning.
Today I’m writing a little about what I’m seeing around me. It’s a little sad, but at the same time encouraging for us.
The point is that we still see a lot of people supporting the use of physical currency (banknotes and cash), or rather, rejecting and opposing digital money.
Especially cryptocurrency. It seems to me that people prefer to keep suffering the blows dealt by banks: money lost from accounts, exorbitant fees, and even bank failures, when banks use depositors’ funds in the owners’ family ventures simply because they are related, regardless of the risk involved. The most recent example is what happened in Uruguay with Unibanco, which left thousands of savers with nothing because the bank’s owner families used their money.
Article
Crypto vs traditional banking system: real pros and consThere's always talk about how cryptocurrencies are going to replace banks. But neither crypto is perfect nor are banks entirely bad. In this article, I’m giving you a real and honest comparison between both systems. Aspect 1: Who controls the money. Traditional banks: The government and the central bank control the issuance and the rules. They can print more money whenever they want, which causes inflation. Cryptocurrencies: Bitcoin has a fixed cap of 21 million. No one can print more. Ethereum and others have clear rules written in code, but sometimes they get modified by consensus.

Crypto vs traditional banking system: real pros and cons

There's always talk about how cryptocurrencies are going to replace banks.
But neither crypto is perfect nor are banks entirely bad.
In this article, I’m giving you a real and honest comparison between both systems.
Aspect 1: Who controls the money.
Traditional banks: The government and the central bank control the issuance and the rules.
They can print more money whenever they want, which causes inflation.
Cryptocurrencies: Bitcoin has a fixed cap of 21 million. No one can print more.
Ethereum and others have clear rules written in code, but sometimes they get modified by consensus.
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