Crypto isn't intented to remove middlemen. It's intended to give people the choice of who to trust. People can choose to trust an exchange, or to self-custody, and deal with the consequences in either direction.
If I choose to self-custody, it's much safer to memorize a seed phrase than to store cash in my mattress. Most people don't bother and use banks. But I think it's good that people now have a choice in the matter.
If I choose to self-custody, it's much safer to memorize a seed phrase than to store cash in my mattress. Most people don't bother and use banks. But I think it's good that people now have a choice in the matter.