Be your own bank!

Does your bank hold your money and pay you no interest? Maybe they even charge you for an account while using your savings to trade on the markets? Perhaps your bank refused you a loan, even though you've been a dedicated customer and have collateral? Perhaps they charge you for money transfers that take "between 3 to 5 working days"? Maybe you have been to bank to withdraw a large amount of money, and got patronized by the bank staff, who had the nerve to ask you what it was for? You may even have had your account closed with almost no warning and no justification. Yes, this happens. Managing your finances through Ethereum cuts through all of this — no middle man required. You get to decide what kind of accounts to use, the level of access and the level of risk. For basic operations, Ethereum is instant access, any time, anywhere in the world, (very) low cost instant transfers and payment, and provides access to a range of financial services where you can both borrow and lend against a range of assets.

There is no paperwork, no authorization, no personal details and no credit agency.

But there's more, much, much, more.

Would you like to set up accounts for different purposes, perhaps accounts that hold a variety of assets, or require multiple signatories? Perhaps you'd like to develop your own financial contracts, or have bespoke contracts developed for you? If you run a company or organization, you could have records of ownership of shares, or voting, securely recorded on the Ethereum blockchain. Your company could even operate a private version of Ethereum for it's internal organization, that interacts with the global public system for security. Many of these revolutionary capabilities are well beyond the scope of this discussion, but hopefully this gives you a taste of what is possible. Much of this capability is already available and you can test it immediately.

What are the biggest risks?

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