>You still need a bank to get a loan That is true today but it could change. DeFi is currently just hype and experiments but there is no reason why it would no

>You still need a bank to get a loan That is true today but it could change. DeFi is currently just hype and experiments but there is no reason why it would not mature in the next decade or two. > you still need a bank to take care of your money if you don't want to be one hard drive failure away from losing access to the entirety of your funds. That is just not true. Multi-sign with variable weights and quorum exists. Storage of the private key(s) also does not need to be digital at all. It's just a number often represented as string of chars and numbers or as mnemonic phrase usually just 24 words long. It is rather trivial to store multiple times in different places just make sure no one can find the full key or enough keys to sign a transaction.