Good summary. 1, 2 and 4 are really about trust - if we trusted some institution implicitly, they could run the perfect online bank for the world. The first rea

Good summary. 1, 2 and 4 are really about trust - if we trusted some institution implicitly, they could run the perfect online bank for the world. The first real banks got started in the 19th century when Quakers started them, because people (even from other denominations) trusted Quakers not to rip them off. Maybe the Dali Lama needs to start an internet bank for the world. And point 2... as a society, we have a very important decision to make. Do we trust our governments to control our money - and that of the terrorists, child pornographers and media prirates? The right to control our own money is disappearing as cash is slowly supplanted by cards, and I expect swift action against bitcoin if it gains traction.