So the other side of the (bit)coin is that the banksters and the eurocrats will know how many bitcoins you have in there, how do you trade them (capital gains? repent!) and above all they will be enabled to lock your bitcoin-backed credit card if you end in some black list of them.
Thanks, but no thanks.
After all these efforts and complications to get out from the banksters' matrix, it is ironic to get back at square 1.
Very good point.
You two seem to think in absolutes. You act like one exchange becoming a bank equals bitcoin is now the same as banking fiat.
Bitcoin is a
currency, a free market one at that. People use currencies (including dollars) differently, for both legal and illegal use, and in various ways. Not every single bitcoin user will open this type of bank account. I don't know why you might think so.
So, all the while Bitcoin becomes
more widely accepted and easier to use various ways... it is still capped at 21 million coins in total guaranteed; and still has its anonymous and low/zero fee capabilities. Back at square 1? Not quite.