The tax man could offer a lifeline to the banks by demanding taxes have to be paid in fiat. (property tax, vat will be hard to avoid) Then people would have to hold some fiat just to pay the GOV. Either way I would expect traditional banks to sink to a fraction of what they currently are.
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Yeah. The words all debt public and private come to mind.
That's the only reason fiat still exists.
But once the majority of the money supply isn't centralized it will definitely cut them down a good bit.
And that will be a good day : )
Indeed sir.