This is an attempt at misdirection. If bitcoins take over the monetary system, they will naturally be stored in banks. No family man would walk around with his

This is an attempt at misdirection. If bitcoins take over the monetary system, they will naturally be stored in banks. No family man would walk around with his family's rainy day fund in his iPhone. For reasons of practical logistics, organized crime will use private banks that can be captured and destroyed. What actually scares the bankers is loss of the ability to control the discount rate, which is a very legitimate concern. Human psychology being what it is, all economic systems end up running on credit and suffering from periodic crises of confidence. A fiat currency can simply print its way out of a deflationary terror, but a hard currency like bitcoin is well and truly screwed. Seriously, how would you possibly bail out a company like AIG if it had written derivative contracts on bitcoins?