Bitcoin Forum

BITCOIN, as a back-up/fall-back if the legacy banking system is disrupted or fails, FIXES THIS.

But I believe their engineers and their software/cyber security experts will fix the issue, but what if there's a multi-month long disruption in your country's banking system, and when digital payments/debit cards/credit cards are down or are unreliable?

HODL those precious Bitcoins as a savings account, and use them only if you have no other choice.

Haven’t experienced a system where the banking network were inconsistent and fiat currency wasn’t able to go round, you begin to understand the need to exists nature of Bitcoin and digital assets out there. The problem has always been scalability with regards to fees and processing time but, that is just a side to it.

Now, the world needs a truly decentralized currency in Bitcoin as we have it to exists and functions side by side with Bitcoin.
Fiat currency is a tool for the government to instill certain conditions by either hoarding it or simply disrupting bank networks. It did hurt a lot for citizens in my nation when this became the order of things. It was just a means to prevent electoral malpractices which eventually did happen and banks took great advantage of it.

This made popular the innovation of fintech banks but, the actual banks weren’t having it. The fintech made their services an easy to access and quick transfers while normal banking networks were slow and difficult to access. Even with you having the capability to do certain transactions, you just didn’t have the access and guess who was in business, the banks.

We need Bitcoins continued existence and in time, we would have it being the order of the times.

OTOH, a major internet outage / cyber attack would cripple peoples ability to use BTC.

And for the most part that is as easier attack to pull off in a lot of places then taking out *all* or even most of the banks.

It's only a big deal due to the limited nature of Iran's banking system. Take out Chase / Bank Of America / Wells Fargo / and a couple of others and people here in the US are going to be irritated, pissed off and stressed. But it's not going to matter that much in the scheme of things. Take out the internet in a large metro area and there will be chaos.

-Dave

Iran isn't a safe country, so as long as we live in a safe country, the chance to banks being hacked is low and the banks have assurance. What we should aware is only hold till the maximum amount they can refund.

Me too, I also never face any problem with banks, even they're under maintenance, they would back very soon and there's no problem when I want to withdraw money. Only for multi millionaires or billionaires that will have a problem with banks since the bank officers will keep approaching to use their banking product and not allow to withdraw big sum of money.

In such a situation I bet bitcoiners still may find it difficult to make transactions too with their bitcoin. Since banking system has failed, it would be difficult to make P2P transactions . Anyways transactions that can be made with bitcoin straight up will be easier than things that requires little units of bitcoin. I'm not very sure how their government regulations are over there but things could be way more difficult if they don't have crypto legalised there.
Bitcoin too is a method of digital banking and if the cyber issue is a big one, bitcoiners may not be able to do a thing. Everyone still may probably just rely on cash transactions till the whole problem is solved.
Don't forget to keep your keys safe!!

When my country was just hit with a full-scale invasion by Russia, there were disruptions with electricity and thus banking in some places near active combat zones. I know that Bitcoin was actually used on some occasions as payment, although people relied more on cash (local and the USD) and barter (in rural areas, which were de facto blockaded and de jure occupied). So Bitcoin does have potential to be useful in such cases, but I think more for transactions that can't take place in person and/or for big purchases.

Bank hacking is still a small problem, imagine if your country was invaded, as is currently being felt by Ukraine & Palestine, then with the FIAT you have it will also be difficult to carry out transactions outside the territory (if in the end you become a refugee). With bitcoin, you can make transactions and buy supplies without any territorial restrictions, like Fadey did ^[1]. People should think again about holding all their wealth in the bank, because none of us will end up with what our lives will look like in the future.

[1] https://www.cnbc.com/2022/03/23/ukrainian-flees-to-poland-with-2000-in-bitcoin-on-usb-drive.html

If the banking system is disrupted for a long time, you will not be able to use your bitcoins because bitcoin is not yet an official currency and there are not too many stores that accept bitcoin payments. If that happens in my country, my bitcoins will also be useless because my area doesn't have a single store that uses or accepts bitcoins. In that case, I think fiat would work best, not bitcoin.

But I don't think the banking system will be disrupted for a few months because that will directly affect the national economy, and will even collapse if the Government does not find a solution. Frankly, that scenario is highly unlikely.

I don't feel sorry for them since Iranian hackers keep messing around with USA infrastructure and also regularly meddle around with elections to influence them for their own gain, so it's time that those hackers are kept busy with fixing problems in their own country. As legally employed professionals, that is. Not as black hats attempting to hurt their own country :)

The inefficiencies in The legacy banking system is too ambiguous to begin to unravel, just today alone in my country Nigeria, a commercial Bank called GTB is said to have been hacked, though they've come out to debunk the news but some customers are saying that there could be some element of truth in the rumors going around earlier because of certain glitches they've experience. So considering all of this uncertainties, the safety and security of funds in most of this our traditional banking system can be questionable.

The security of Holdings your Bitcoin in your own custody and the safety that is attached with it, is almost a near perfect system comparing it with the inefficiences of the traditional banking system.

I do not think that Bitcoin can be a backup against a legal tender as to how will you pay your bills. Bitcoin can be considered an asset or a commodity that can be used in a scenario where local fiat is wasted. Something that EL-Salvadore is doing and to a certain extent they have been able to gain economic instability.


It can be Israel that did this hack or you can banking issue. The timeline of the proxy war between these two countries does sound similar to what is happening in Iran.


HODL is what drives Bitcoin adoption and it's a reality as Bitcoin has been a need for those who belong to countries where the fiat is depreciating and Bitcoin price is appreciating

Question will be, to what scale can Bitcoin were for daily transactions and how much effect will that have on global fees? In such a situation I see people posting for faster and cheaper blockchains over Bitcoin.

I don't exactly get what type of cyber attack you're referring to but a major Internet outage will cripple lots of things, including traditional financial networks. Fewer and fewer people rely on cash now, so the internet is still the major means of transacting.

When the Iranian government finds the hackers involved in this case, they will probably be hanged. I believe that the worst place for someone to do this kind of thing is in Iran. In countries like Iran, laws are based on religion and leaders can impose whatever punishments they want. In my country last year there was a blackout in the entire payment system. Banks stopped working, ATMs, POS, mobile wallets also stopped working for 24 hours. It was a huge chaos. I had bitcoins in my wallet, but the only thing I can buy is just refills for my cell phone, so I had to be patient and wait for the banking system in my country to return to normal operation.

If referring to my country of course the existence of fiat is important and the most important, but if there is chaos in the banking system then the economic cycle will be completely paralyzed, all that remains and can be utilized is the fiat left in each pocket. Bitcoin is not a legal payment method in my country so it does not necessarily become an alternative unless a legal agreement is made at that time but the lack of adoption also makes transactions using bitcoin ineffective.
In addition, it takes time to reorganize the transaction system because not everyone understands how bitcoin works. For those of us who already know it might be easy but for the general public, it will definitely take months/years and where can they get bitcoin if all savings accounts cannot make deposits.

Your example is very good to describe unpredictable and unwanted events in life and to be safe, we have no other ways than having one or some alternatives.

Bitcoin is one of best alternatives for banks and fiat currency systems but I would like to store my fund in some assets, Bitcoin, gold, stable coin and fiat currency. Nothing is perfect and each of these assets have pros and cons but by diversifying my assets to these things, I will have more flexibility, convenience and defend my fund better.

How? I would like to hear a detailed story describing such a scenario of the collapse of the banking system.

How do you imagine it? The entire banking system collapsed and all people immediately began to use bitcoin  en masse? Firstly, the first will not be allowed, the second will not happen.

In that case, in my country everyone will switch to the “natural exchange” regime, that is, to the barter system.

But if everyone will only hold bitcoin, then how can we talk about BTC-mass adoption and buying coffee for it?

What to do when you are forced to spend your bitcoin, but the current trend in the market is bearish and using bitcoib turns out to be a loss for you?

Using bitcoin may not be limited by territory, but you will also encounter many difficulties if the area you migrate to does not use bitcoin or it is illegal. Don't forget that bitcoin is not a globally legal currency and there are still some countries that ban it, so bitcoin may not help you if you find yourself in that bad situation.

Also, is it a wise idea to use bitcoin for payment when we have to pay extra transaction fees. If I were in that situation and could use cryptocurrency to pay, I would use altcoins to minimize costs because our situation requires us to be frugal.

That’s the advantage of bitcoin of bitcoin been an alternative currency it comes through when you have difficulty getting transactions done with fiat, I have been a big fan of using bitcoin for even cross border transactions as it saves one the hassle of converting from one currency to another for international transactions. But one a case scenario like this bitcoin will still fall short in some areas like the purchase of little items or basically some people or nations not familiar with it will hinder it, but in a place where it is adopted properly then it would provide a good solution


Although some will want to treat bitcoin fully as a currency which is very good option I prefer to treat it more as an asset and only make use of it when it is the most convenient option and using fiat will only cause me problems, this way I can avoid the constant scalability problems that people faces or rather the transaction fees or congestion problems.

Actually it is surprisingly easier to fix the hacking incidents within centralised banking system. Because everything stays within the banking system which can be consolidated manually with the help of the Central Bank. I don't think the age old banking system still exists in any country. So it's easier to tackle such hacking incidents of the money is not withdrawn via other means.

At the same time, tackling a bitcoin hacking is not at all easy. We have seen multiple such incidents in the past where the money couldn't be recovered.

The latest one is Wazirx hacking. The money is lost till date with no hope of recovery.

Bitcoin is indeed a backup currency in times like this. The current financial system in most countries is fiat-driven, so Bitcoin might not be able to replace it in times like this. Most exchanges depend on banks to function and physical cash might not be available since many countries operate a cashless economy. But it is still better to hold cryptocurrencies because it's not good to put your eggs in one basket.

All Iranians are not hackers or government officials. I am also sure that not all of them will support such an action against the US. But in this condition, top government officials will always have ways of engaging in financial transactions. The people who will suffer the effects of this attack are the common men. So I feel sorry for the people of Iran who will have to suffer from this banking disruption.

In a friendly country, there won't be a disruption for long because the developers will fix the problem as soon as possible, they have strong security.

But so far I haven't experienced it, I just assume this will happen in countries that are in conflict, so cyber attacks on banks might happen like some Middle Eastern countries.

Well of course I hold bitcoin for savings, don't think bitcoin will be the same as fiat, so holding for an advantage only.

Cyber warfare is a real thing, and I don't think Bitcoin is immune to it. Supply chain attacks are becoming more and more common, if xz was actually pushed and active, the chaos that ensued would've been much greater in comparison. Open source projects where anyone can contribute will always be susceptible to it.

Bitcoin does well in what it is meant to do, decentralized and redundant. But it also has it flaws, eg. if it hasn't proven itself as a reliable store of value or if it isn't widely accepted, then the argument that Bitcoin is better would be moot. Honestly, would people immediately turn to and trust Bitcoin when shit goes down or would they find some other fintech products?

A major internet outage would cripple ALL of a country's digital infrastructure and it it would cripple ALL forms of digital commerce. I am merely talking about Bitcoin as a back-up/fall-back currency and an asset class IF there's a bank run in your local bank, or a wider problem like that situation in Iran. Bitcoin truly FIXES THIS.

You can't have bitcoins on a usb drive or a hard drive. You can only have privat keys (passwords) to your bitcoin addresses (accounts) on a usb drive or a hard drive. You could also write the privat keys (passwords) on a piece of paper or on notepad or wordpad.

Why not? i've heard that we can store bitcoins on a USB drive, not sure where the source comes from, but that's really what i've heard. I'm not talking about private keys here, but storing bitcoins on a USB drive is like storing them in a hardware wallet like Ledger & Trezor.

Can someone please provide a clearer and more detailed explanation regarding storing bitcoins on a usb drive?

Many times, in Bitcoin history and in Bitcoin market, people panic sold and panic response against rumor, fud is an example that most of people will turn their head against Bitcoin quickly and easily.

Only very few people in Bitcoin community are Bitcoin maximalist or Bitcoin hodlers so that they will not be affected by rumor, fud, shits (like your said) toward Bitcoin. Fortunately, we will have more people like that with strong then diamond hands with time. It takes time to build up big Bitcoin communities and to have more people with Bitcoin hands (rather than using diamond hands, I would like to use Bitcoin hands).

What? When? LOL
I didn't notice anything and I just searched all the main news outlets in Farsi and the CBI official outlet and there is nothing about any hack or even a disruption. The only thing I could find was a tweet by an official denying the claim which was made by a well known "bullshit source". When I investigated more I reached the only "news" site that ran this and other referenced, and it is an Israeli controlled mouthpiece called "Iran International" that is running with this bullshit :D
iranintl[.]com/202408144740
It looks like the Zionist terrorists are getting too desperate these days...

So, no there was no hack nor any kind of disruption. Not even the usual DDoS attacks...

True.  However.  I believe we should really concentrate more on advertising the O.G. way of using Bitcoin.  Which is NOT by holding them on to Exchanges, NOT by holding them on to Ledger or Custodial Wallets and NOT doing any thing that may lead to us losing Custody over our own Coins.

Unless the majority begins to use Bitcoin the original way, Bitcoin as a back up is useless!  Either you truly become your own Bank or you are enslaved to yet another.

What fix?
The moment you expect 100 million people to do their business on the chain it's the moment you realize how limited the network is for such a usage, ok they will be using LN, how long it will take for 100 million to open their channels?
But that's step two, first...they will need Bitcoins, how are you going to buy Bitcoisn if banks don't work?
100 million doing p2p? Common, this is just fantasy material!

We're still early in terms of both value and adoption, the current network and its setting won't be enough to save a small country not talking about a medium-seized one.

Bitcoin has a hedge against potential disruptions in the traditional banking system,
HODLing Bitcoins as a savings account can be a wise strategy, especially in times of uncertainty. Bitcoin's decentralized nature and limited supply make it an attractive option for those seeking a safe-haven asset.
But one also need to know that Bitcoin has its own risk associated with it, so in order to manage this risk, Proper research and education on Bitcoin needs to be carried out, just so you know how to manage the risks and stay safe.

OK, that's actually disappointing, we can't post "Bitcoin fixes this" anymore. Hahaha. Although, that doesn't make "Bitcoin fixes this" not true. 8)

Plus the Iranian government was rumored to be mining Bitcoin - and attacking cryptocurrency miners, confiscating their hardware. Probably for the government to use them to mine cryptocurrencies for themselves, no?

The post makes a solid point. If banks are compromised, Bitcoin could indeed serve as a safety net. But let's be honest, relying on BTC requires serious planning. Sure, cybersecurity might fix the issue, but if the crisis drags on, having some BTC stashed away is smart. HODL, but don't forget to stay practical too. 😄

So you are trying to prove that Bitcoin/crypto is better than fiat, just because a bank got hacked?
How many crypto exchanges got hacked in the last 10 years? How many cold wallet owners hot hacked or scammed in the last 10 years?
For me, online security is a never ending battle. It doesn't matter if you are into crypto or you don't have crypto at all. There's always a possibility for you to get hacked/scammed and lose all your coins or fiat money. Having a cold wallet doesn't guarantee better security.
A "multi-month long disruption in a country's banking system" cannot happen in reality. Such problems are usually solved in 24-48 hours.

I wonder what the motive behind the hack could be ???

Why not take the internet or electricity down to try to fix the loophole and find the perpetrators ??? I know it's not the best solution but it could get you the guys behind this.. just hope it's not an inside job because such don't just happen from nowhere..

Btw, as much as we try to promote Bitcoin or other cryptos....in situations of internet outages or electricity being cut, it is clear cut that cash is king because it won't be affected by any of these but BTC and banking systems could go down and anybody having cash means they continue to access goods and services without any disruption . But for argument's sake going the bitcoin way also relies on people being in the know of new technologies such as cryptocurrencies & if they don't know about them then having BTC is somehow rendered useless in local use, and I still stand for cash is king!

There's a few other sources covering it:

https://www.jpost.com/breaking-news/article-814715
https://thecyberexpress.com/central-bank-of-iran-cyberattack/
https://www.israelhayom.com/2024/08/14/report-irans-central-bank-crippled-in-massive-cyber-attack/

A video of the non-functioning ATM:

https://mignews.com/news/economics/drama-bankovskaya-sistema-irana-otklyuchena-v-rezultate-kiberataki.html

A more "local" version of the story:

https://news.gooya.com/2024/08/post-89719.php

Then there's this

https://twitter.com/ShadowofEzra/status/1823738574958629020

Is it a giant, carefully-perpetrated hoax? Maybe. Only time will tell.

Also to @Wind_FURY
As a rule of thumb, 90% of what you read about Iran in foreign (non-Iranian) websites is either completely or partially bullshit.

And it is 100% bullshit if the source is Israel. That is like wanting to know about US from a North Korean source :D

That is not "local", that is a Western media. Although it doesn't even deserve the name "media"

These two are so funny.
Do people really believe that the Central Bank run and controlled by the government is issuing official statements on a piece of paper with a shitty font which they attach to an ATM with a tape like this saying "we" are spending your money on "bad mollahs"?
Do these people have any working brain cells? LOL

The only confiscation news I can remember is from 5 or 6 years ago and those were illegal miners stealing electricity. Some of them inside government buildings, mining for free in the basement or something like that lol
Other than that, they regulated mining back then and you have to apply for a license and get a special electricity rate deal, a rate that gets a smaller subsidy compared to residential rates which is about $0.0012 per kwh.

As for the government mining bitcoin, I honestly don't know.

That is only one of the risks, as you never know when the government in turn may declare a bank holiday spanning several weeks and suddenly you find yourself having to survive with whatever money you had with you at the time, and once the bank holiday ends you will have no idea how much money you will have and how much it buys, now critics may say that the odds of this happening are low, and they are right, but when it does you will wish you had your money somewhere else other than your bank.

The news of the Iranian government confiscating Bitcoin mining machines happened three and five years ago, and it was reported by few news outlets, including Reuters (https://www.reuters.com/technology/iran-seizes-7000-cryptocurrency-computer-miners-largest-haul-date-2021-06-22/)  and BBC (https://www.bbc.com/news/technology-48799155). While the BBC failed to identify the reason for the seizure, Reuters explained that it was because they operated illegally. These miners were secretly mining in an abandoned factory.

Hackers can do it for financial benefit, fun, or as a means of attacking a nation. Cyber warfare is becoming popular in recent times, and the tension in the Middle East can make us suspect some countries. But this report has been disputed by Iranian authorities.

Hacks on banking system happens all the time probably it exceeds billions on average a year or more cause I don't know the exact stats but it doesn't really cause the system to fail since it's not really a new thing but the consumer can get affected and bank may only refund a part of the lost funds cause it's what covered by their insurance.

Bitcoin is ultimate opposite of banking, be your own bank so it's not only for when we face these situations it's supposed to be all the time then only the purpose of Bitcoin matters.

To everyone using the centralized financial institutions, this will be a warning that it will soon be their own turn to face the same consequences, except if they have an alternative means to financial system, the use of bitcoin has become a widespread without any resistance because of the issues related to this, people could no longer hold it any more with the use of centralized financial authorities and that is one of the reasons behind seeing bitcoin becoming a mainstream to the entire world.

This is why many should have at least 2 bank accounts to prevent this from happening.

Remember when SignatureBank and SiliconValley bank all collapsed, many of their customers which were start ups couldnt process payroll. Since they didnt process payroll, those which didnt even use those banks couldnt get paid. Which resulted in missed mortgage payments, bills, etc.

Hence this is why there needs to be a better of more fool proof system.

I don't see he mentioned fiat there but only banks, and my response to him about his sentence is that Bitcoin is only a currency and a bank is a bank, so when bank fails I don't think Bitcoin is a perfect replacement for it. Like they say, it is like we are only comparing oranges to apples here when we compare these two. Maybe it is more valid if we are comparing Bitcoin with fiat despite the fact that BTC is a crypto which is decentralized, has a limited supply, and can also act as an asset.

I agree that many exchanges have been hacked all through the years because that is also what I've heard but that was crazy if a cold wallet owner can get hacked too. How come when it was offline? Can get scammed maybe, but if it's really possible then it was already their fault and maybe they already connected their wallet online when the hacking began.

Indeed it does not matter if you are not into crypto because you won't also find yourself investing here.

You need to remember that this centralized banking system and financial institutions have been around for hundreds of years. So just because a few banks are attacked or go bankrupt doesn't mean the entire banking system will suffer the same consequences. Meanwhile, bitcoin is only 15 years old and it is fair to say that it is still too early to say that bitcoin will outperform the banking system.

Do you remember the news that the Bangladesh government shut down the internet nationwide not long ago? And no one can use bitcoin and that shows bitcoin also has disadvantages, not as perfect as we think.
The solution is diversification, no one forbids us to use only one of the two, why don't we take advantage of both to get the most convenience in life?

I agree with this submission. Oftentimes, we portray bitcoin as a flawless solution to the centralized system making bitcoin look like an all-perfect technology in the world. I don't think even Satoshi sees bitcoin in such regards. I meant to say, Bitcoin also have its own lapses, some of which are volatility or fluctuations in prices, security risks like phishing sites when storing Bitcoin on exchanges or less secure wallets, high transactional fees among other major lapses like the inability to reverse transactions once it's confirmed. Many bitcoin users have lost unimaginable worth of Bitcoin assets to mistaken addresses and so on.

It is good to highlight some of these drawbacks to serve as an enlightenment to people and create ways towards improving on these things. The centralized system has stayed so long enough to serve humanity and I see the introduction of Bitcoin technology, a decentralized system, as an advancement to the centralized system. Because of the uncertainties of the conventional banking system, I have almost 5 different banks I operat, to avoid disappointment in periods of distress. Bitcoin and cryptocurrencies seems to be more reliable in such situations.

Without accurate data, how can you claim that banks are losing billions of dollars every year? On the contrary, I rarely hear about banks being hacked and money being stolen, and that has never happened in my country. I have only heard of banks going bankrupt for some other reason but then they are bought by the central bank or taken over directly so most people won't be affected too much.


I also like to use bitcoin as my own bank but because it is so volatile I can only use it as an investment. I don't want to put my savings into bitcoin because it would be inconvenient if I needed to use it urgently when the bitcoin price is falling.

Overall, self custody has great benefits but is not perfect. If we are just a little careless, we may have to pay with our entire property.

What I mean is we should have fair judgment and combine both to get the best experiences in life. Our constant bashing of banks, fiat currencies...and hype around bitcoin will not make bitcoin any better. Everything has its pros and cons, as well as its own use cases, as wise people we should take advantage of both.

I bet those who criticize banking still use it every day and can't completely eliminate it from their lives, they have been using it for years and will continue to do so. I wonder how they will buy and sell bitcoin without using banks?

You can search for some of the hacks in Google, let me give you an example in 2016 Tesco bank lost 2.5 Million euros and also I read Bangladesh also faced a similar event for around 1 Billion but fortunately, hackers only managed to transfer 81 Million while the remaining somehow stopped in the process of transfer.

It is impossible to provide the data because the banking system is not transparent so not every hack are reported to the public, they manage themselves with the authority cause they can simply create money out of thin air just using a printer. :D

---

For short term, this might work but look at the long-term effect of using a trust-based monetary system. If everyone started using Bitcoin the value would reach it's threshold so as crypto enthusiasts we should not rely on fiat money and that is why rich people never hold liquid money, all their savings will be in something that can be gold, stocks, or any commodity that has intrinsic value and the price determined by demand and supply not by a centralized body.

But do these attacks happen frequently? More importantly, what data do you have to prove that depositors in these banks will lose all their money and will not be compensated or protected by the government?




Why do you know for sure that rich people don't have savings in the bank? To my knowledge, rich people don't just always keep a portion of their savings in the bank for emergencies. Most of their assets will be tied up in banks because they need money to maintain their business or expand their business. Apart from banks, apart from mortgage loans, they have no better solution.

I will still rely on fiat to some extent because it is still the primary measure of value of the world economy. I do not believe that bitcoin or any cryptocurrency can become a world currency that can replace fiat.

Also, like I said, I would still use the bank because it's not just for deposits. If I need a loan for business, only banks can help me, can bitcoin do that? Banks provide us with more services than just a place to deposit or save money.

Cyber break over financial institutions are attempted almost everyday but it doesn't mean banks get robbed every day but there have also many major incidents banks lost millions of dollars to cyber-attacks and some even claim that it's funded by other countries.

Cyberattacks and the Risk of Bank Failures (https://www.investopedia.com/articles/personal-finance/012117/cyber-attacks-and-bank-failures-risks-you-should-know.asp)

But it is not possible to know the accurate data cause it's not disclosed to public.
How do I know, because I learnt how rich thinks in all these years. Yes, you're right rich people do keep liquid cash but it's probably less than 1% of their wealth cause they know money depreciates so keeping as liquid money is nothing but a lose to them but they can afford to take cause they can tolerate that while an average joe keeping money in bank and assuming it will grow is lack of knowledge.

Banks and Rich people are not entirely different if you learn things too deep. :)


We need to use money which I agree but the fiat money is nothing but a rigged system will just keep on putting bank aid which is nothing but printing more when needed is gonna reflect on the people in the long run.