Has learning about self-custody changed the way you think about banks?

[InfoDegan]

Before I started learning about Bitcoin, I never thought much about who actually controlled my money. Keeping funds in a bank felt normal because that was the only system I knew.

After learning about self-custody and private keys, I realized that Bitcoin presents a completely different way of thinking about ownership. For the first time, individuals can hold and transfer value without relying on a financial institution to authorize every transaction.

At the same time, this freedom also brings responsibility. If you lose access to your wallet or make a mistake while managing your keys, there is often nobody who can reverse the situation.

This made me wonder whether learning about Bitcoin has changed other people's views on traditional banks and financial institutions.

Have your thoughts about personal financial responsibility changed since learning about Bitcoin? Or do you still prefer having a trusted third party involved?

[freedomgo]

This made me wonder whether learning about Bitcoin has changed other people's views on traditional banks and financial institutions.

Have your thoughts about personal financial responsibility changed since learning about Bitcoin? Or do you still prefer having a trusted third party involved?

Let's be realistic, we cannot just say that because we are Bitcoin enthusiasts we will already stop using banks and other financial institutions since the reality is in our daily lives, for daily transactions we still rely on them and almost everything now is mostly done through online payments. And Bitcoin could not compete on that matter as we know it's slow, transaction fees are expensive, yes we have LN but its adoption is not as big as banks.

So for me in terms of investment or saving money, I trust Bitcoin more than banks, I don't want them to use my money to make themselves richer while we only get a small interest per year plus inflation will eat up its value, inflation is even higher than the yearly interest in some countries.

For daily transactions mostly rely on third parties.
For securing my investment, Bitcoin.