But one of the other big reasons that people seem to gravitate towards crypto is the hatred of big banks. I'm wondering why that is. I use Chase and I never have to pay any fees to wire money, move money around my accounts. Yeah, the bank pays out only tiny bits of interest but I don't feel like I'm getting robbed by these banks in any way. When I need to transfer money, I use PayPal, when I have to buy stuff I use my credit card and I get points for it. I just don't see why this community has this hatred towards big banks so I'd love to understand some of the reasons people have.
Bitcoin started in Jan 2009, when the govt did a huge bailout of the banks. In fact the Genesis block has a copy of the Times Newspaper with the headline "Chancellor on the brink of second bailout of the banks".
Lots of people lost their jobs in that crisis, and taxes were hiked everywhere to pay for the bailout while the bankers kept their bonuses.
Bitcoin was conceived as a way to by-pass the banks so we would never have to bail them out again.