Anything I am describing is a decade plus away. I mean every central bank could tomorrow just put up a non-permissive (#) blockchain and just make a virtual co

Anything I am describing is a decade plus away. I mean every central bank could tomorrow just put up a non-permissive (#) blockchain and just make a virtual coin for every cent out there. And this would cause utter chaos. It would essentially end fractional reserve banking. That makes loans ... difficult. The impacts are enormous, but a digital native currency is so simple, so attractive we may well try it. And then have to rethink our financial regulations. It will look a lot like ICOs. I still think it is inevitable. (#) ok the terminology I find either dubious or I misunderstand but basically every wallet holder gets their private / public key registered, then there is a known state of money globally, and the Bank is a verifying party to each transaction. Something like that anyway. Theee are many options but essentially if we all "trust" the money printer then the technical problems simplify.