You have not debunked anything. Your all-powerful bank myth has been debunked by reality. By billions for ordinary people and crumbs for the banks. Youj claim they secretly own billions without so much as a handwave about evidence. The crypto market works from many drivers of which you only look at a few. You ignore the biggest, the mining network. That has given Chinese entrepreneurs enormous power. The Chicomms want that power and are thrashing around trying to get it. The will literally shoot miners in the head if they have to.
After mining, factor number two is demand or lack thereof. There the banks have deep pockets which I have already acknowledged. Factor number three is utility which is neutral to banks. Another is aesthetics which derived some scorn above. The people who appreciate aesthetics are kids not bankers. Another is permanence which is still lacking. Banks are very fleeting requiring enormous governemnt bailouts from time to time as well as protection from competition like CC.
“Well you probably have not studied the block chain as much as I have.”
ROTFLMAO!
Block chain doesn’t matter. Of course you can hide the source of a large CC. This is the megacorp world, it’ll be 10 companies removed and obfuscated in every way the tech will allow and you’ll have no idea. Plus of course there’s the anonymity of the masses. With 1500 crypto currencies out there nobody knows the source of all of them. You CANNOT move wealth without a 3rd party, the whole nature of the concept means something has to be bought on one end and sold on the other.
Sorry but your idea of billions of ordinary people owning the crypto and the banks owning none is just laughably stupid populist bullshit. You think more than half the population of the planet owns crypto currency and the banks have somehow not gotten anything but crumbs?! Really. Come on, use your head. If bulk of the stake will be held in multinational megacorps, same as always. Not ignoring the mining network at all, who had the largest source of computers doing complex math in massive server room before crypto even showed up? Who do you think would have the shortest rev time to being able to put on massive mining operations? Chinas problems have nothing to do with this. We’re talking about the banks, organizations that have spent hundreds of years buying and selling stuff.
Utility isn’t neutral to the banks. Selling at a profit is why banks buy stuff, that is the whole utility for them and that is very much a positive.
Aesthetics derived scorn for a good reason. It’s a stupid factor, completely silly, and frankly proof you’re talking with mystic belief not with logic or facts. The fact that it appeals to kids not bankers really helps prove you wrong. It’s the bankers with the trillions able to buy entire known quantities of crypto currency in one day, kids don’t rate.
Banks aren’t fleeting. That’s a frankly stupid statement. JP Morgan traces its roots to 1799. They’re permanent. Much more permanent than any crypto, most of which already don’t exist in a meaningful way and will fade away in a few years as the signal to noise ratio figures itself out.