When was the last time that you had to deal with anything government related?

Because it hurts.

Dealing with the government in any shape or form hurts my head. One of the guys at work was telling me about his struggles to get a van registered form England that has been going on for a month, taken dozens of emails. Hundreds of documents, lots of expenses and hours but without any result yet. Shunted from one department to the next and can't get the issues sorted.

It reminded me of my struggles to buy some government savings bonds this year and the pain of it.

I know that they are a soft option but government prize bonds are a good option for some money that I will need again in a couple of years but won't earn any interest in the bank. I have enough risk in crypto without putting my house funds at risk. Plus i want easy access when the time comes to make the purchase so prize bonds it is.

Ref: Limerick leader.

• Secure - 100% protected by the State
• Be in with a chance to win up to €250,000
• Weekly prize draws
• Tax Free Prizes
• No Fees or Charges
• Easy to buy for myself or as a gift
  Minimum €25 (4 Prize Bonds) up to maximum €250,000 (40,000 Prize Bonds) per individual

It's a safe and possibly even rewarding way to store some funds.

I also thought that it would be a fairly simple process.

I was wrong.

So wrong.

I went onto the website.
Tried to set up an account.
It let me do it but then wouldn't let me sign in.
Told me I needed to register properly.
They sent out documents to fill out.
Took weeks.
Sent them back everything.
ID, Proof of address, ect..
Heard nothing for weeks.
They sent another form looking for my signature.
Sent that too.
Took a few more weeks.

Finally received a letter back after all of this to tell me that since I didn't have any savings bonds that they could not set up an account online for me. The account that I was told that i needed to actually buy the bonds in the first place.

So after all of that effort I had nothing. I then went into a local office to buy a few hundred in person and have some tied to my name. This worked and I received confirmation a few weeks later that it had.

I then tried to buy some online again and it won't register my visa card as a visa card.

Part of the idea behind this as well is to use my crypto.com card for the purchases. Gain 3% cashback and make a nice profit from buying the bonds so I will have to go into the office again and try to make a big purchase in person by the end of the month.

Crypto is not a safe investment yet.

Yet being the important term here.

There are still too many barriers and variables to make it a safe and easy investment.

Too many rugpulls.
Too hard to add fiat value.
To unsecure against regulation.
Too early in the game.

The government bonds might be slow and safe but that is a big attraction to most people.

While I would love to buy up a lot more HBD it is too awkward to do it at the moment. And that is one of the very few platforms that i would feel safe putting a large amount of money. 1% out of everything. Even the stable coins are not that stable. Even the centralized stables have no real security. It's not where my life savings would go.

Not until I know that it is secure and lasting. That I can use my debit card to buy HBD directly and deposit it into my savings account and then be able to withdraw straight back to my bank account.

I think that we will get there and see a new system that is fast and frictionless. Surely a damn sight better than dealing with any government services even at these early stages.

We just need to see more safety and security to make sure that people will begin to move into these type of tokens.

It's the future and when we get it right will be so much more appealing than these terrible legacy systems that are not fit for purpose anymore.

Posted Using LeoFinance ^Beta