Oh wow, now THAT's a BS argument. So "banks" hold coins in a permissionless crypto fiat ledger?.....
What's the difference ? There is a lot of cash inside "banks" (or ATM or whatever) that you can just steal if you hack them. If we use crypto it won't be different, we won't have hacks
Banks only open accounts to people with known identities in the same country as they are located in, that's the difference.
My experience is different. I opened a US bank account without residing there.
How that makes them less vurenable to hacks ?
