> This is of course a gross misunderstanding of what banks are, what they do, why they do it and where they come from. You're being overly reductionist. The f

> This is of course a gross misunderstanding of what banks are, what they do, why they do it and where they come from. You're being overly reductionist. The functions of banks are great and valuable but they are disproportionately so. Why? Because they get free money from the Fed and are using fractional reserves. Do you think the Bank's services would be as pervasive if the working class had a stable store of value for their work? I don't. Banks need competition and with Bitcoin and the crypto space, they finally got some serious competition. Also, there are plenty of startups in the cryptocurrency space that ARE doing functions that banks offer. SALT is one that comes to mind quickly but there are plenty of others.