Banks

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banks in the classical sense are very useful. in the modern sense they are awful and exploitative. not so interesting or original a take, I’m afraid.

This is actually an important point. It will help us make a case if we don’t vilify but instead acknowledge how this situation has organically arisen from what used to be a good idea.

maybe one interesting angle is that it used to be a necessary idea, but bitcoin removes that necessity, which is nice. what we get with bitcoin will arguably be an even purer form of what about it was initially good.

💯

But depending on the take it will wind people up. Here is an example: how can bitcoin ever replace credit and money creation? I am very winded up.