Try living in Cuba, Venezuela, African countries, China etc etc. Actually except from the so called developed countries, people really don't want banks because it's unlike anything you are used to. So the reasoning that in USA we don't need asset sovereignity because the banks are not controlled by some crazy dictator maniacs holds only in USA, Canada, Europe, Japan and Australia more or less.
I believe that in a lot of places where the banking system is less developed, systems like M-Pesa serve the unbanked really quite well.
I also believe that "look, Venezuela" is just the latest in a bunch of straws the cryptocurrency community is grasping at on its way to irrelevance, and very much doubt that on the ground cryptocurrency is helping or ever could help.
Try living in Cuba, Venezuela, African countries, China etc etc. Actually except from the so called developed countries, people really don't want banks because it's unlike anything you are used to. So the reasoning that in USA we don't need asset sovereignity because the banks are not controlled by some crazy dictator maniacs holds only in USA, Canada, Europe, Japan and Australia more or less.