@infovore - A masterly article on the deficiencies in the FIAT money system, why the banks still propagate it and the block-chain based crypto alternative. Having been an executive with multinational responsibilities, I have seen the leveraging of debt that lead to the debt bubble burst in 2008. It damaged the world economy so much. There was nothing much that people like you and I could do because, as you have mentioned, debt was a major business carried out by major banks. I know that there are a lot of teething issues and acceptance issues in crypto currency scenario right now but as you have pointed out, ultimately, the major driver will be the cost of transactions. Banks themselves will adopt this when the costs of FIAT transactions start affecting their business in a major way. Things like crypto debit cards etc that make acceptability for the masses better will certainly help in the process.. I do hold crypto currency but nothing great yet. It is sadly a long process to convert crypto to FIAT money in my location. Crypto based debit cards are not available here yet. Keeping my fingers crossed that it happens in near future. Thank you for this informative article. Upvoted.

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