Back in my day, we didn’t need a “choice” in crypto. We trusted institutions, not some digital fantasy. The idea that “be your own bank” is a simple solution? Bullshit. Sure, self-custody sounds empowering, but ask anyone who’s lost a seed phrase or fallen for a phishing scam. Cold storage? Great in theory, but how many folks actually secure their backups properly? The Reddit thread about trusting yourself to manage crypto is telling—people are already doubting their own ability to handle it.

The claim ignores the complexity. The BIS report called out crypto’s “decentralized model of generating trust,” which sounds more like a liability than a strength. And let’s not forget, the Brookings study warned crypto could worsen financial inequality. If it’s so simple, why do experts like the Medium writer say it’s “the only safe way” only for the technically savvy? Kids these days think they’re pioneers, but they’re just gambling with their life savings.

Crypto’s not a panacea. It’s a high-stakes game where the rules keep changing. The “choice” here is a mirage. True security isn’t about being a “bank” — it’s about knowing when to rely on professionals.

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