Crypto Wisdom #3: Be your own Bank (BYOB)
The basic idea behind Bitcoin and many cryptocurrencies. No one but me can access my digital crypto assets. And to make payments, two people only need an internet connection and their wallets. No banks or states. That's why you hear them saying so many nasty things about crypto.
Bitcoin wants to financially emancipate people worldwide. More and more examples show how important this is becoming: citizens in Latin American countries have been fleeing inflation in cryptocurrencies with their assets for many years. Protesters in Canada are using Bitcoin to make payments in early 2022 after the Canadian government blocked their accounts using emergency legislation. The list goes on and on – right up to the Russia-Ukraine war.
Be your own bank is the most important principle that cryptocurrencies have shaped for the digital future
