Oddbean new post about | logout
 You and I understand this. But I’d argue most people would read this sentence and have no idea what the hell you’re talking about. We need to make Bitcoin easier so the “bank” is self custody. 
 I remember "be your own bank" as the main message, but that was long before todays NGU guys have arrived.

Newcomers attracted Wallstreet guys and CEX that are reintroducing fractional reserve - simply because gamblers are easy prey.