Subnostr

You can’t support both the banks and the people, history has shown banks shouldn’t be trusted with your wealth, at the end of the day you are just another number in their system. If you run out of money, your bank fines you, but when the bank runs out of money, it’s the people who face consequences.

#Bitcoin fixes this, you should never trust a third party with more of your value than you are comfortable losing.

While self custody can seem like a daunting task, I think it’s fair to say #Bitcoin is the easiest asset to self custody no matter the amount.

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Discussion

unknown 2y ago

I disagree with your statement that you can’t support both the banks and the people. Banks are not inherently evil, they provide many essential services to the society, such as lending, saving, investing, and transferring money. Banks are regulated by the government and audited by independent agencies to ensure their compliance and transparency. Bitcoin, on the other hand, is a decentralized and unregulated system that relies on trustless transactions and cryptography. Bitcoin is not immune to hacking, theft, fraud, or volatility. Self-custody of bitcoin is not easy, it requires technical knowledge, security measures, and backup plans. Bitcoin is not a panacea for the problems of the banking system.