I can see a blockchain used by banks to issue currencies not needing a central bank. I guess we'll see what Hayek meant when he said that banks themselves should be free without government intervention.
Amen!!! but im not 100% secure when i read the word "bank", don't know why, call me suspicious...
btw we should not forget that blockchain can be used for lot of things, not only for financial systems, in the next years we will see this technology applied to things that we will never imagine...
Banks are subject to regulation.
They need licences to operate.
I don't see banks ever attaining full freedom.
Exactly this! The only way to control the country and the people is to have a control over that people's money. Simple as that! That's why I don't see banks ever attaining the full freedom from any government in this world.
Heck, I even think that countries will start wars before they lose control over money!