Thats all great until fractional reserve banking enters the game. In the end we will efficiently trade IoUs and the best outcome would be that they are redeemable and we have a gold-standard-like thing again. That in itself would be a godsend already though probably not what Bitcoin maxis vision looks like
>That in itself would be a godsend already though probably not what Bitcoin maxis vision looks like.
Bitcoin maxis have a very ambitious and grand vision and I don't think they should compromise it. It sets a high bar that drives innovation. I do think that over the short term any nation scale usage of bitcoin for everyday payments will look very different from that vision and that is ok.
