Bitcoin Q&A: The Obsoletion of Legacy Systems

How will the traditional financial system adapt to cryptocurrencies? Legacy systems (banks, like horse-and-carriage) are delaying the inevitable. Some people will see the future earlier than others and leave banks. How do we ensure that Bitcoin remains an open and decentralised system in the face of enterprise encroachment? What is at stake? How the internet killed the phone industry. Bitcoin's killer app is about changing how money works. Etheruem is about reinventing the modern corporation.