Many people will only self-custody. Nature of banking is ultimately going to be about yield on savings and credit.
Discussion
How do we get the block space for this to become reality?
those things are unnecessary in a #ValueForValue economy backed by hard money
But there won't just be a value-for-value economy. Because people will always create markets for time arbitrage. Saying doing so is fraudulent or unethical, is really not going to stop it from happening, because massive production efficiencies can be gained that way.
the only economy that makes sense is one that’s #ValueForValue otherwise it *is* unethical, time arbitrage is perfectly fine when it’s based off a #V4V exchange.
e.g. Futures contracts for wheat production; farmer gets money to live through the year, contract holder gets wheat at the end as “profit” & since the value given isn’t inflated away you don’t need to worry about yield on savings.
it becomes an issues when you start gambling on the outcomes of these contracts, especially when they can be manipulated for financial gain.