| The internet at large says no. People won't run their own mail exchange, because it's too much work and too complicated. People won't run their own blog, because it's too much work and too complicated. The downside to doing either of these things poorly is that you can't send email / become a spam email relay / get hacked and lose your blog content. Now tell those people that they can take on all the downside risk of losing all their money and the only thing they have to do to make sure that doesn't happen is practice perfect operational security, perfect transaction discipline, stay up to date on all known exploits and patches, constantly be on guard for irreversible scams and exploits, and the big benefit is, "you don't have to trust the bank." Some huge percent of those people are going to look at you like you are crazy. Do all this work, take on this massive risk, and for what, a problem that most people in the western world have never faced. Most people have not faced any issue with transacting with the traditional finance system, definitely not enough to take on all the labor and risk of being their own bank. If people won't run their own email, they aren't going to run their own financial institution. |
No one thinks it's a good idea to be your own bank. No one thinks they need to make their own shoes cars food computers hand tools ... the list is an enumeration of all the artifacts of civilization.
crypto is an anti-social fantasy at best, it flies in the face of reality.