> but the key difference would be that it's an open market It's not really, though. Banking is also an open market. You could already start a bank, and some p

> but the key difference would be that it's an open market It's not really, though. Banking is also an open market. You could already start a bank, and some people do. But it comes with a bunch of red tape. But you can't just say "this is blockchain, so red tape is not required". That's up to the government of the countries you operate in. And if it looks like a bank (or financial institution), quacks like a monetary transfer or financial product, then why would it not get customers like one, and not be regulated as one? > people will be free to choose between them or nothing at all. This was already the case. Wall street invents financial products all the time. Credit default swaps, anyone?