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How We Separate Money And State w/ Mark Maraia

Bitcoin Magazine Podcast

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The Banking System Is 200 Times Worse Than Anyone Thinks

If you have bitcoin on an exchange, you don't have bitcoin. You have an iou for bitcoin. The dollars in your bank are an io u. If you inlegally, they're not even yours. And so she learned that she couldn't take out the amount of money that she wanted as a cushion. She eventually closed that bank and found another one. I think it's a credit union. For those you who do want to hold money in the banking system, you're way better off with the credit union than you are with usually, the big banks.

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