You can't just take a cryptographic banking system, throw away the bank and call it money. (You can fool some of the people...).
What specific problems result from obscuring the blockchain? Why does hiding transactions make something less like money? (and for the Monero people here, is this actually what Monero does? If not, please explain why so that someone with limited familiarity with Monero or cryptography could understand.)
I don't know what toknormal is talking about with the 'bank' business, and I doubt he does either.
Monero does two relevant things differently from Bitcoin:
1. It automatically creates a new address for each payment using stealth addresses. This would be the same as Bitcoin if people didn't reuse addresses (or use one one of the wallets for Bitcoin that support stealth addresses). This prevents linking multiple payments to the same recipient (since each uses a different address).
2. It signs transactions (spending an output) using ring signatures rather than regular signatures. Ring signatures cryptographically guarantee that one of the private key holders signed it, but don't reveal which it was. This prevents tracing of payments since there are multiple candidate sources for each payment.
Other than that it works the same as Bitcoin in terms of how it handles transactions (there are other differences such as different PoW, not having a fixed block size limit, etc. but those aren't relevant here). There is no bank, no bookkeeping, and none of the other nonsense toknormal was rambling about.