And yet Hal already anticipated this would likely happen back at the start
Discussion
I haven't read his notes in detail, so I may be wrong, but I believe he was discussing the inevitability of Bitcoin banks and custodial Bitcoin.
I don't believe he was discussing Bitcoin bailing out the dollar.
If I am right about his notes, then I mostly agree about that inevitability.
In fact, I expect to be one of those banks.
Agree
His propose/idea was for private coins backed on bitcoin. That’s a possible outcome for a not compulsory monetary system