>also walk around downtown in SF and NYC and look at the amount of skyscrapers that are nothing but banks, scratch your head, and ask yourself what value they're actually adding.
True. But I suppose one would need to define "what is a bank". From a pure "money warehouse" definition they don't deserve to be that big, however from a lending / investment perspective there is more value there.
I think in the end, a decentralized lending scheme (Mike Hearn has spoken and written on this subject) integrated to bitcoin as the possibility to radically change the social order.
It will very hard to fund wars without a printing press.
True. But I suppose one would need to define "what is a bank". From a pure "money warehouse" definition they don't deserve to be that big, however from a lending / investment perspective there is more value there.
I think in the end, a decentralized lending scheme (Mike Hearn has spoken and written on this subject) integrated to bitcoin as the possibility to radically change the social order.
It will very hard to fund wars without a printing press.