[snakeyjake]

> The whole point of Bitcoin was to not need banks.

I don't know man the fact that 0.0000000000000001 quectoseconds after the first bitcoin was mined all of the techbros set up exchanges so they could cosplay as Gordon Gekko while rubbing their nipples and moaning "arbitraaaaaaaaage" kinda calls this into doubt.

Anyone who thinks the typical consumer has the ability to operate/secure/assure a bitcoin wallet to a level equivalent to or better than a bank is delusional: there are crypto founding fathers who have been burned.

[snotrockets]

To exercise great opsec, one would have to be a psychopath. Most folks aren't, hence at least in the US, banks aren't allowed to excuse themselves by customer's lack of opsec ("regulation E").

The effective monopoly that banks has gotten isn't free to them, even if they do try very hard to avoid paying the cost asked.