One of the biggest reasons that I love the idea of BTC and crypto in general is because I hate the unpredictability and inflationary nature of fiat money supply. If it were up to me, we would get rid of the US Federal Reserve and go back to a gold standard or completely adopt crypto. 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.
Bank is good at one point. It makes your money safe in their vaults. The only annoying with bank is they are using your money to gain more interest and give a share of very very small interest per annum while they using your money everyday. When you barrow interest rate is very high per month. This is the reason the Banks earned huge amount of money.