>I'm going to assume you're american? America has basically the worst banking system in the first world and a lot of americans don't actually realize how far be

>I'm going to assume you're american? America has basically the worst banking system in the first world and a lot of americans don't actually realize how far behind their banking system is. Yes, that's really something. I suppose I shouldn't be that surprised. >Cryptocurrency value transfer involves none of that if you already own cryptocurrency. Yes I should have been more clear, but I was considering Crypto within the context, since switching between any currency would usually come with a cost at exchange rate and purchasing power, or remttiance in many cases. The benefits of Crypto that I have heard are only applicable if both parties in a transaction are using Crypto. I would agree that banks may start innovating once Crypto reaches a critical mass, some have already invested into researching how it would be done. As a side note, my (and I speculate many others as well) inclination toward decentralized currency is simply for the political possibilities, as I think (referring to the US) the banking system is perhaps the strongest pillar of oligarchy here. I also don't think that monetary controls can be apolitical by nature, so a method of decentralization that enables democratic influence over it is very appealing to me. Your last statement touches on issues that make me worry whether Bitcoin can be one of those options, but I'm open to the possibility. I think at this point were Bitcoin to fork and not fully recover, others would be filling a void. The future seems more likely to have a myriad of different currencies and I wonder if we'll look back on this as the "currency boom". There are of course still very real geopolitical ramifications for these things and I await much stronger reactions from more powerful nation states. As another aside, I think it's likely that the less developed nations will flock to cryptocurrency. Possibly extreme examples could be philanthropists developing solid currencies for such cointries, or foreign governments deploying them as a method of control.