I think this will be true for the foreseeable future but is not true over the long term. Every one of the services a bank offers can be commoditized and offered

I think this will be true for the foreseeable future but is not true over the long term. Every one of the services a bank offers can be commoditized and offered as a service on a crypto based platform and over time new startups or existing crypto players will chip away at these pieces and build up an eco system. Existing banks could also integrate these services instead of competing with them. For the record i'm not particularly a crypto fan boy, I have a degree in economics, and I've worked in finance so I don't think I fall into your clueless crypto enthusiasts bucket.