Looks like it’s bunkum: I

Looks like it's bunkum: I can't see why using a public block chain would necessarily circumvent banks or put frational lending out of business, they could still register your loan/savings on an account, and only issue such block-chain coins as they can get their hands on.  I can write an IOU on the back of a fag packet, they creates circulating money (as long as people are willing to accept the fag packet).  Doesn't matter about block chains or paper money…