The bank might give you interest slightly less than inflation, but in most countries the government taxes that interest - thus it mostly cancels out.
A lot of risk having the money frozen for an arbitrary reason in exchange for literally nothing?
@Suiseiseki depends on the inflation.
For me it was the only way to save up somewhat substantial amount as otherwise money would be devaluing so fast I could as well be burning some.
@shuro @Suiseiseki Could have bought bitcoin instead.
@L29Ah yeah, it is so convenient, safe and predictable - in Russia especially :)
@shuro @Suiseiseki About as safe and predictable as holding rubble in a bank, except that you get predictable loss of value of your rubble and predictable growth of bitcoin due to arbitrary inflation/lack of it.
@L29Ah yeah, right, until your account gets blocked on buying/selling transfer or when you need the money there will be a dip in BTC rate.
I do have some but it is a lot of juggling.
@shuro @Suiseiseki What account? It is impossible to block a Bitcoin account, unlike a bank one where you are entirely at the mercy of your provider.
@L29Ah you need to buy and sell crypto somehow. Doing it over the Internet typically involves some payment system. Right now even small transfers to strangers can be problematic.
Physical cash exchanges have their own risks and hassle.
@shuro @Suiseiseki Dunno, i had no problems with cash exchanges so far, there are ones who will even travel to you at your demand. The bank stuff should be left alone indeed unless you don't have any other option.
