So I was toying around with the idea of what it would take to go full Snowdon mode. I starting looking around for info online about how to de-bank yourself and unfortunately non of what I found was useful. One comment on a related reddit post literally said you should just get over your irrational fear of banks, which I get what he means from a great depression standpoint but that’s still incredibly unhelpful. Other resources pretty much all said it’s too inconvenient, too expensive (because a lot of services you would use might charge fees), and not worth the effort. Most of the discussion around this topic though was focused on normie reasons like not trusting them with your money or whatever, but not much discussion was related to how banks participate in the ever expanding data market. I figured it would be more helpful to ask this wonderful community of like minded privacy enjoyers.

A bit of context on the scope of the question:

  • I love monero and would use it for most of my online purchases where applicable, but I don’t want to store my money in crypto unless I can be 100% sure it’s a reliable stable coin, and I don’t trust the current state of crypto to be capable of that so a different way of storing money would make more sense (the obvious answer being cash in a safe like the good ol’ days).
  • I’m sure this community would take this as a given, but I’m not looking to move from a bank to another service that requires a similar level of PII, like cash app. Only based anonymous methods allowed
  • However I don’t necessarily mean untraceable. I’m not looking to start beef with the IRS, I just don’t want my financial info in the data market
    • flaccid_corn_husk@lemmy.cafeOP
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      3 days ago

      It’s not that I’m wary of crypto for any privacy reasons it’s just that for my regular life I don’t want all my money held in an asset that can fluctuate in price wildly. That’s perfectly fine in an investment context but have all of my money in that isn’t ideal. And as for not trusting stable coins, that’s mainly because of all the scams. Safemoon would be a prime example but there are many more. I know there are probably some that seem like they would be fine but I’m just not willing to trust any crypto to hold all of my money long term