Certainly a very interesting theory. And as you said it probably lost a bit of independence, but overall I think that it also forced central banks to adapt a little. And with the future development in blochcain will traditional financial institutions be forced to adapt even further. Just look how much easier can someone who wants to start a business raise money with ICOs. In the end I think that with broader user base positive change will happen for everyone if only we continue to with future developments and do not become frustrated with setbacks or satisfied with small change.
Please reply if anyone would like to share their thoughts on my comment.
Great article you got my upvote and I will follow you in the future.
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I agree it's fulfilling the role of creating competition for banking system. We'll see how much regulation is going to appear in ICO space. Hopefully ICO's will become safer through technical means i.e. there should appear ICO platforms based on smart contracts that will make it harder for con man to operate.
I'm disappointed a bit about how segmented blockchain technology is. We have hundreds of coins implementing one small feature each, instead of having few state-of-the art technologies. Hopefully it will be resolved naturally in evolution-like process.