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.
Self issued untracable currency is entirely for money laundering.
Otherwise known as freedom. Your obsession with criminal money laundering as almost as bad as the other commenters. The fact I can move my wealth anywhere without relying on a third party is a good thing. The fact that I don't need the third party makes any third party less powerful. Banks can leverage that same cfreedom but they have no more power than the rest of us. It' a level playing field.