Another important reason why banking as an institution is not going away is the convenience of banking custody. While many Bitcoin purists value the freedom accorded to them by being able to hold their own money and not rely on a financial institution to access it, the vast majority of people would not want this freedom and prefer to not have their money under their responsibility for fear of theft or abduction. In the midst of the very common anti‐bank rhetoric that is popular these days, particularly in Bitcoin circles, it is easy to forget that deposit banking is a legitimate business which
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