Quote from: Davidvictorson on September 22, 2022, 04:11:59 PM

Quote from: Kakmakr on September 15, 2022, 05:42:59 AM

Bitcoin allows you to be your OWN Bank .....and it allows you to have access to your own money, without any intermediary having the power to block it. Just make sure that you have sole access to your Private keys. Wink

Being your own bank is the best feeling in the world. There are several benefits. For instance, you would be absolutely certain that no one could access your money after you had taken the necessary security precautions, knew precisely how much you had, and knew how to get to it. Additionally, it is hassle-free to transfer and receive it anywhere in the globe. Another argument is that, in contrast to banking institutions, bitcoin transactions are quite open. Think about the Russian-Ukrainian situation as well. What do you suppose happened to those who had money in their bank accounts and also those who had bitcoin. And then suddenly they needed to get up and seek safety? With bitcoin, you can carry your "bank" around.

Being your own bank is just one side of it, the other side which can not be ignored is still there, that is, exchange that btc into cash for spending, btc is not widely accepted and so the need to exchange to fiat through the bank still very much needed.
For now bank is the necessary evil which we have to deal with until such time btc becomes acceptable in all part of the world.