I was having a discussion with a fellow crypto bro and it finally clicked why this shit is so attractive.
I’m the bank now.
Unlike stocks or mutual funds, I am not only making the normal gains through price movements, but also by staking (lending) this asset to others to utilize either as capital.
The code cannot be erased or bankrupted by a board of directors at some bank or a greedy fund manager. I’ll always have access to it through a generic wallet. A government can’t withhold the income or stop me from accessing it by sanction or mandate.
I’m the only one who can really fuck it up.
That’s some real power right there, boys and girls.