Enjoyed this though I don’t believe Bitcoin ends banking unless you meant fractional reserve banking and hopefully central banks, too. Full reserve banking like what Caitlin Long is attempting to do is the future of banking and there isn’t a better asset than Bitcoin to collateralize. Unchained offers an early example where you can hold your keys and borrow against it. Apparently there exists a market for 12-14% loans but I expect these borrowing rates to go down over time. Banking will always exist. It’ll just have a much needed makeover thanks to Bitcoin.

Expand full comment