The banking scam rests on two big things that are no longer true because of Bitcoin

- There is no viable alternative to custodial banking for payments (had been true for a century)

- There is no way for anyone to run a full reserve bank (the Fed prevents this)

The innovations of Bitcoin are:

- viable alternatives to custodial banking including self-custody, multisig, lightning channels, ecash (with more to come) which are all faster and more secure

- All of these are permissionless, so everyone is free to build a better experience using these tools (or even by just being an honest, full-reserve custodian) and outcompete the cartel