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One of the UKs biggest banks is down today - something, something... Bitcoin

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It's "deadline day" for millions of Britons to pay their taxes. It's payday for millions of companies and their emoloyees. It's a day where millions want to spend their money but can't. One of the biggest banks (Barclays, founded in 1690), has gone down because of "IT problems" and it's made all payments fail, house sales fall through and families unable to buy food.

Decentralisation solves this. This isn't because some poor infrastructure or weird sketchy organisation (kinda... Banks; lol) - this is because one central institution is relied upon for the vast majority of people's access to their own money.

I hope every person affected takes legal action and although it's not hit me because I don't bank with them, it has made me even more aware of why we need decentralisation.

submitted by /u/joesus-christ
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