this post was submitted on 11 Jul 2025
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Privacy

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[–] fluckx@lemmy.world 73 points 2 days ago* (last edited 2 days ago) (7 children)

Pretty sure banks have a pretty good track record of "keeping your money safe". Why the fork would anybody trust banks to keep their money safe if they can't keep your money safe?

I don't really understand why that statement is even on there?

Unless you mean to argue some anonimity point, which I could agree with considering e.g. Monero would be more anonymous than a bank.

But safe? I'd say the bank is quite safe to store money.

[–] explodicle@sh.itjust.works 37 points 2 days ago (2 children)

Money in the bank can be seized and frozen for all sorts of reasons. If you're in the USA, then police can charge your money with a crime even if you haven't broken any laws. It's safe until it's not.

[–] Semester3383@lemmy.world 7 points 1 day ago

Doesn't have to be in the bank either; if you're traveling with your life savings in cash, then if you get pulled over cops are likely to seize that money. Just because fuck you, that's why.

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