Most Americans have bank accounts — reliable places to store money that are federally insured, carefully regulated, and generally better than coffee cans full of cash . But some 5 million households don’t have bank accounts. So every two years, the Federal Deposit Insurance Corporation conducts a survey to find out why. Is it a trust thing? A distance thing? A fees-and-service-charges thing? Last November, for the first time, the FDIC reported the results of a new question it added to the survey: Do you use a cryptocurrency like bitcoin instead of a bank? From the start, the dream for crypto has always been “be your own bank.” I’m being a little simplistic there, but bitcoin, ether, and their digital cousins were supposed to be a smarter flavor of money.
Tag Archives: Cryptocurrency
Jan
If you are betting on the California wildfires, I don’t know what to tell you. Go outside (if it’s safe). Do some reflecting. Call a gambling-addiction hotline, probably. Though I suppose the impulse to wager on destruction isn’t all bettors’ fault — gambling companies have people right where they want them, placing wagers on things most of us never would have imagined just a few years ago. We’re days into the new year, and it already feels like the gambling boom has gone too far. In case you missed it, the prediction market Polymarket is letting people place bets on aspects of the fires that have ravaged the Los Angeles area. The platform set various markets for questions like how long it would take the first fire to be contained
The digital revolution has finally reached its climax as cryptocurrency, once a fringe phenomenon, bursts into mainstream prominence. Born from the ashes of the financial crisis and fueled by blockchain’s promise of transparency and security, this decentralized digital currency captures investors’ imagination worldwide. Understanding Blockchain Technology You need not concern yourself with the intricacies of […]