In the past guys, I had my bank account and my salary frozen by local administration because of something someone else did. The feeling is really bad. And I had to find out when I was unable to pay the gas in the gas station - and I did not have enough cash to pay for the fuel that was already in my car. Imagine the situation. The debit card I am using just declined. I had to wait for a friend to come bring me some money to pay for the fuel, since it's not like I can return it.
Anyway, the point here is that the government or some other entity might decide that they want to block you account and nothing can actually stop them. Even if they are wrong to do it, there are still options for abusing the system. The biggest flaw of banking is the same we like to mention when we keep our crypto in Exchange accounts. We do not hold they keys for our money.
There is also another point to make here. About 5-6 years ago, one of the large banks in my country bankrupted. Tons of people had their money blocked for months. And the insurance was covering deposits up to 100 000 euro(I think). If you had over that amount you were actually screwed.
After that, another big bank on the brink of bankruptcy - the state bank had to save the situation, but the effect was that the offices of the bank in question were flooded with people trying to get their money, but you know - if a bank has deposits of customers sitting of lets say 1 billion euros, they have not more than 10-20% capitalization behind those deposits. This means, that if those people with the deposits for 1b, go to the bank and ask to withdraw at the same time, the bank will be able to come up with only about 100-200 millions and no way to pay the rest. And this is how the banks actually work.
On the other side we have the Bitcoin. We can hold the keys for our money. We can be our own bank. Nobody is in charge of nothing that is happening on the Blockchain. There is no single entity that can take the decision to postpone the halving for example. It is coming and it is inevitable the same way that the sunset is inevitable. Nobody can take hold of your assets unless they manage to steal your keys - everything depends on you.
My only issue with crypto is that very few people people actually understand it. I mentioned before, I have like 600 friends in my face book, but I really do not post statuses and I do not share any of my content here, because almost nobody from those 600 people knows more than it is something abstract that exist about Bitcoin and not to even mention any other currencies.
I think, this new decade we just entered will bring slowly but surely more and more people into crypto world. And more people will start paying attention.
I admit, back in 2011 when I was introduced to crypto, by mining bitcoin with 2 VGAs I was actually not ready for it. I was just selling whatever I mined to be able to pay the electricity bill, because my salary sucked big time. When I think of it, I've sold Bitcoin that I would now worth over 2 million dollars. Imagine, if I kept them... That would be a life changing. But I was stupid kid struggling with life.
Anyway, guys, I think there are good things ahead. I hope I did not bore you with my rambling.