Bitcoin was born from a desire for decentralization, a rebellion against the perceived inefficiencies and regulations of traditional financial institutions.  Imagine a revolution against a centralized monarchy, advocating for individual liberty.

This core principle – bypassing third parties – makes Bitcoin attractive for those seeking financial freedom.  Non-custodial wallets, as you mentioned, offer a way to hold Bitcoin without relying on banks.  This empowers individuals, especially those in regions with limited access to traditional financial systems.

However, the complete absence of regulation is a double-edged sword.  While it fosters individual control, it also creates a Wild West atmosphere susceptible to scams and illegal activities.  Imagine a society without laws – freedom can quickly devolve into chaos.