LOL. Mineability is the first thing I think about. That is foundational. Without a network of miners a CC has to be propped up by a third party, like a bank. The bigger the third party, the better the propping, but propping means nothing if there is no other demand.
Banks don’t care if the kids get richer, because they too will get richer. On both sides, the banks are making money on the pump and dump and eventually those kids are sticking those dollars in the bank so they can buy houses and stuff.
All true and all good.
If I blow my timing on moving from BTC to Ether I could pop my nut and I’m out of the game
That's true too. If you don't you are not. All you are really saying is the banks have more good money to throw after bad than I do. Makes no difference to me.
You didn’t bother to read it all. They don’t NEED demand. Self issued untracable currency is entirely for money laundering. The other stuff they just buy and sell in the same way they’ve been buying and selling currency for hundreds of years.
What I’m saying is that anybody that thinks this hurts the banks is a fool. Nothing about crypto poses a threat to anything about banks. It’s mostly just another commodity for them to buy and sell, and when it isn’t that it’s cover for money laundering. The whole thing makes banks MORE profitable, and MORE powerful. Crypto not only gives banks to ability to issue their own currency, it gives them the ability to do it anonymously with zero accountability.