Nowadays it's hard to trust any monetary system with all the hacking, skimming and fraud that takes place.
> all the hacking, skimming and fraud
Sure, I was impacted by that. A while back, I noticed some movie tickets charged to my card in Australia. I called my bank, disputed the charges, they reversed them and sent me a new credit card. Took...maybe 20 minutes of my time? Max?
And from this I'm meant to learn I can't trust the current system? Honest question: Why?
In addition most banks are privately insured against fraud.
I've dealt with an 8k fraudulent charge on my card before. The bank investigated, sent over a sworn affidavit to sign, and they refunded my money in less than 24 hours.
I had a $20 error charge on my card and it took a month for the refund. This is with the vendor stating in writing it was their error. I no longer bank there.
This only applies to personal accounts, not business accounts.
There is a reason why scammers work so hard to find someone to "cash checks" or "withdraw funds" or do that kind of nonsense. Electronically stealing funds is easy. Keeping those funds is hard.
Eh. Tell that to the Greeks. And it happened for much less than "civilization failing".