"My money is at the bank" 1 - It's not YOUR money: The bank can arbitrarily take away your access to your account and your money, or it can simply become accessible (cf banque du Liban panic in recent years). 2 - it is not "in the bank": Banks are legally allowed to operate with fractional reserves (0% in the US since 2020 🤡 ) and are systematically unable to repay all customer deposits if they had to. 3 - it's not money: They are IOUs from the bank, themselves backed by money created out of nothing by the central bank, entirely virtual and able to be created ad infinitum and at no cost. #Bitcoin