People don’t even trust themselves to host their photos. they rely on cloud providers for that. How do you expect them to become their own digital bank. It makes absolutely no sense.
If i had to operate at the lowest common denominator in every realm, it would be a miserable experience. Just because certain people are incompetent doesnt mean that the option should not exist.
I don't think he's saying the option shouldn't exist, just that it's not sensible to yell at the people using exchanges like what they're doing doesn't make sense. You have the option of buying a vault and not using banks in fiat, too, though I very much doubt you do that.
If that’s true, then “crypto” is just traditional finance with extra steps (and near-zero regulatory oversight).