Yes, I finished with banks in 2018 and no longer have to deal with them
we are human and are allowed to have different opinions, views and choices, now you said you have cut off with bank since 2018 but from 2017 or so downward the banks have served you and provide you with all financial services at the time when you needed them most.... now you don't need them anymore it is your choice.
To be honest, I envy Ratimov from this point of view. I wish I could also be unbanked. My wife is unbanked but I can't be, at least not at the moment, as I'm forced by the employer to receive my salary on a bank account. But I'm trying to limit the interactions with the bank(s) as much as possible. For example, in the very day when I receive my salary I cash out all my money and I spend it only in cash form. I didn't want to have anything to do with the banks since decades, since highschool. I always wanted to have control -
full control over my finances without having any kind of third party placed between me and my funds. I guess I had a native Cypherpunk vision on this subject, as I had this ideology with decades prior hearing about Cypherpunks. For many years I was able to stay away from the banks but not anymore. But if I'd be given the option to receive my salary in cash I'd close my bank account in the next second...
One of the reason why many people criticise banks and payment system like PayPal is because of their high fees...
I don't think the criticism is related to their fees lol. The criticism is related to their centralization of BTC and I fully agree with that. It is similar with the criticism toward eToro or Revolut, where you don't even own the cryptocurrency, but CFDs... Read again what Ratimov stated:
You are in vain to rejoice at this PayPal announcement, because this announcement does not carry anything useful for the crypto. You read their announcement in general, they offer centralized storage of cryptocurrency, without providing private keys, and this is contrary to the principles of cryptocurrency. They are also going to provide educational materials for those who are newbie to cryptocurrency. And what happens: PayPal will breed a huge number of misguided newbies who will think that centralized storage of cryptocurrencies is okay. This not normal. So PayPal at this stage cannot bring any benefit to Bitcoin and its community, in principle, benefit only to Bitcoin holders, because the price is flying up against the background of this announcement.
PayPal did not give a damn about the rule for any crypto user: Not your keys, not your coins and is developing another centralized trash heap in which your funds can be blocked or censored. They have such a reputation, they often did this in the field of traditional payments.
if all individuals in the world have absolute control over their funds i can't imagine what it will result to
Financial freedom? This is how things
should be! This is what Cypherpunks fought for. This is what Satoshi fought for. Because it's
their money, not banks' money, not governs' money, not a third party's money...