Cryptocurrency

A, i don't think the banks would disappear. Even if fractional reserve banking went away, we would just go back to a money warehouse,. service provider relationship that will always be there. And so putting a bank wrapper around a crypto business makes a lot of sense. But e should not be painted with that same broad brush. I think even if james grant's of the world, which is privatize the fed, even if that were ever to happen, wat what the fed would effectively become? The vast majority of employees of the fed work in the bank supervision division. That would essentially become a self regulatory organization. It wouldn't gone away.