I remember when a big talking point for Bitcoin and crypto at large was giving the consumer the ability to truly be their own bank

Seeing all of this chaos with the Silicon Valley Bank just makes me feel like we still need to really help individuals understand why being your own bank matters so much. We shouldn't need to rely on the US Treasury or FDIC to insure our funds are safe. Obviously banks are unable to properly assess and manage risk in the ways they should to protect depositors funds. Despite crypto falling down this last weekend in the midst of all this news, long term I still believe that this strengthens the argument that individuals need more control over their own funds rather than trusting big or small banks with their money. It feels like we need to get back to some of the fundamental conversations that underscored the entire reasons behind why crypto was invented in the first place as that particular reason feels extremely relevant at this moment in time. submitted by /u/coltonmusic15 [link] [comments]
http://dlvr.it/SknrYM