From a privacy and freedom perspective, crypto in general is a big improvement on banks. Monero is the perfected implementation of cryptocurrency.
Banks hold your funds, lock you out of accounts, file reports on you, share every transaction with the government, scam you in interest, ask you what your using your money for, require invasive services to use their apps, require invasive biometrics, hoard your identity data and sell it, target ads to you, close your account if you're deemed to be high risk, implement atrocious security.
alt Hacker News
From a privacy and freedom perspective, crypto in general is a big improvement on banks. Monero is the perfected implementation of cryptocurrency.
Banks hold your funds, lock you out of accounts, file reports on you, share every transaction with the government, scam you in interest, ask you what your using your money for, require invasive services to use their apps, require invasive biometrics, hoard your identity data and sell it, target ads to you, close your account if you're deemed to be high risk, implement atrocious security.