When we were sold bank deregulation in the 80's we were told it was about encouraging entrepreneurial opportunities in business and allowing companies to sell varying financial products to their customers.
However, the real plan was to allow banks to take the pool of money they got from loans and fractional reserve requirements and investing/gambling it with hopes of higher returns.
This block chain nonsense is probably just a smokescreen for some other nefarious reasons for changing the banking system.
Block chains make no sense. They are based on solving some math problem that has no connection to the marketplace. Anyone who is in favor of free markets should be strongly opposed to anything based on solving disconnected math problems.
Isn't the whole purpose of a free market so that prices can be set according to what people want? How does a block chain know what people want? How does it factor in inflation or deflation? It can't.
Something evil is afoot and anyone supporting block chains as some sort of improvement over the Federal Reserve system or some libertarian alternative to fiat currency is being taken for a fool and taken for a ride.
Unit prices, of whatever crypto-currency you pick, are set by free market exchanges. There are many other advantages to using crypto-currency, instead of fiat, as long as we have an internet and power to run it. That said, our world today wouldn't exist either, without power, or the internet.