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In reply to @tommy
3/12/2022
Zach@zach
This is common in most states. The state holds your funds on your behalf, and the funds can be reclaimed at any time in the future. Interestingly, many states even aggregate your claims and send you notices to make it even easier.
In reply to @zach3/12/2022
Zach@zach
While there are lots of flaws with the banking system, this specific one seems preferable to a lost seed phrase.