The Blockchain economy will cost the Banksters

The blockchain economy has just barely begun, but promises to be as large a disruptor as the dotcom era was to brick-and-mortar retailers. Only this time it will be the banks who take a hair cut.

Innovators like GreenAddress offer multi-signature transactions that eliminate the transaction delays previously required to combat double-spend attacks. That means zero-risk instant checkout at stores.

Savvy Retailers will use multisig to pull consumers to shop digitally for reduced credit fees.

Newer wallets will make it trivial for consumers to shop with any crypto currency. They'll include the ability to exchange any currency directly with anonymous traders for the best exchange rate.

Pension funds, Hedge funds, Investment Banks, and Retail investors will eventually all be fighting for a piece of the <20M bitcoins in existence, causing the price of bitcoin to skyrocket. This meteoric rise will spill over into Litecoin, Ethereum, etc. Depending on price volatility, we may see Litecoin used for pocket change, and bitcoin for longer-term zero-inflation savings.

Future business will emerge to facilitate large anonymous-trustless-transactions (planes, homes, cars, etc) that previously required attorneys or large fees to close.

Business will no longer use very-expensive factoring to sell their receivables to banks to finance materials. Instead they'll exchange in-trade tokens with suppliers.

The crypto future is very bright. You can take that from the bank.