That quote is from Nick Szabo. Here's a Satoshi quote: The central bank must be trusted not to debase the currency, but the history of fiat currencies is full

That quote is from Nick Szabo. Here's a Satoshi quote: The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. Also the text in the Genesis block suggests bitcoin was a response to the failure of banks in the GFC: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks