The natural evolution from Bitcoin as a medium of exchange to financial instruments denominated in the same. The banking system's days are numbered. Capitalism requires creative destruction and at this point the financial system is acting as a brake on the advancement of peoples.
No election outcomes or regulatory reform can save the current system, which is no longer free enterprise and no longer competitive. It serves the aristocracy and is taking us back to the Medieval times of lords and serfs before the Glorious Revolution and the Bill of Rights of 1689.
