BYOB Stands for Be Your Own Bank
Discussing how Bankless helps newcomers on-ramp into the crypto economy and learn that it's more than just buying a cryptocurrency.
In 2008 when banks were bailed out and many communities were struggling to recover, Satoshi’s white paper hit the web as an alternative response to the current banking system. Fast forward 13 years later and Bitcoin now has a larger market cap than the 2 largest banks in America combined. A fact as impressive as that has led many to ask a very important question.
How do you become your bank?
There are many links and resources that can attempt to answer that question for you, but one that I wish I was aware of when I started my crypto journey, is Bankless.
What is Bankless?
Bankless is a robust program with a strong community that helps folks achieve a less dependent relationship with the banking system.
It has a newsletter of 3,000+ subscribers, a YouTube channel of ~90k subscribers, a Decentralized Autonomous Organization (DAO), and more, that give people friendly on-ramps into the crypto economy.
How does Bankless help you BYOB?
Bankless teaches you how to use decentralized financial tools so that you can do more with your money than just buy cryptocurrencies like Bitcoin and Ethereum and let them sit in your wallet. Bankless’s newsletter gives readers strategies, tactics, and an action list of items all in ‘plain-speak ’. Their YouTube channel provides audiovisual aid through podcasts and videos, and their DAO utilizes discord as a means of communication so that the community can vote on proposals and initiatives and contribute to Bankless’s mission of helping people on their journey to becoming bankless.
If you are interested in getting involved in the crypto economy with Bankless you can start here. Just remember, the space is still developing and what works now is likely to change in the future. Their guides, while supported by a large community, are not financial advice! Even as the landscape evolves though, it doesn’t change the fact that the endgame is to BYOB.