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RE: The Goal of Technical Disintermediation and the Non-Aggression Principle
The problem is that banks have too much power and if they wanted to shut down cryptocurrencies, they'll probably do it.
Or at least control it.
They don't want to give the power to "small" man, they want to control him.
I really hope that I'm wrong.
Don't worry, you are.
If they shut down the internet which is all they really can do, then the Swift network also goes bye-bye (that's the network banks depend on for ACH confirmations).
They can of course go and beat people up, violently extort people, etc... They've been doing this forever. The problem for them this time is that they control the 1.5 billion people of the world, but their control is very weak over the other 5.5 billion.
History shows what happens here, and it's played through several times...