[marcinzm]

And when that system of institutional safety measures fails such as someone being swindled into sending all their money to a Nigerian prince you get news stories that ask why the institution isn't liable for the loss or doesn't have better safety guards.

[frumper]

Me getting swindled sure sounds better than:

>The "problem" is that most people prefer to not lose their life savings because their cat stole a little piece of metal and dropped it in the forest.

[px43]

That's great. If banks work better for you, that's awesome. Recognize the privilege though. About half of the people on the planet are unable to even open a bank account, and banks have been becoming increasingly predatory in the past few decades, especially in developing nations. They also are lagging decades behind in their capabilities.

Other options exist now, and I think that's pretty great, even for people who prefer using banks. The competition forces banks to provide better services to their customers, which improves quality of life for everyone.