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False. The objective of crypto isn't to force everyone out of the banking system, it's to provide an ability to opt-out and be your own bank for those who need
by beaner 6y ago
False. The objective of crypto isn't to force everyone out of the banking system, it's to provide an ability to opt-out and be your own bank for those who need or want it. If you want to use a traditional bank or custodian instead, go for it. And indeed, for many people who cannot and should not be managing their own keys, it's the preferable option.
- xirbeosbwo1234 6y agoBitcoin was supposed to replace banks but isn't up to the job. It is completely impossible to "opt-out" because people want to be able to pay for their groceries without waiting a half an hour and paying half the cost of the things they bought in transaction fees.