A lot of people are hoping Cryptocurrency will “kill” banks. Banks are never going away. What you should be hoping for is Cryptocurrency to change how banks operate.

Yes, it's the cypherpunk dream – To be part of a financial revolution that topples the current financial system, leading to the overthrow of your overlords, and the rise of an entirely decentralized financial system.

Unfortunately like some dreams, that needs a dose of cold water – It's never going to happen.

Banks in some form have been around since the earliest merchants in history. They evolved into the religious ruling class and eventually into the privately owned and government subsidized businesses you see today.

And they're doing awesome. Every year is a record profit, paid for by your money.

• https://www.cbc.ca/news/business/royal-bank-earnings-1.6152479

• https://www.newswire.ca/news-releases/national-bank-reports-its-results-for-the-third-quarter-of-2021-838928765.html

• https://www.reuters.com/business/bank-nova-scotia-beats-profit-estimates-third-quarter-2021-08-24/

Banks in Canada are kicking ass. After all, why wouldn't they? They have all the funds in the world (Yours) to play with. Everyone who isn't a crypto nerd like us has money in a bank somewhere, and it is earning banks mindboggling record blowing profits quarter after quarter. Monopolies on people's money is great – If you're a bank.

So, this is where Crypto comes in. Giving people an alternative revenue stream, a choice. Somewhere else to put your money, and if you're smart and savvy, a way to permanently manage your money by yourself.

Banks hate this. Why wouldn't they? It directly impacts their business, influences their massive monopoly, and hurts their profit margins.

The real power of Cryptocurrency and decentralized finance is not to tear down the traditional banking structure.

It is to force banks and traditional financial systems to adapt and become competitive with a changing market.

Every time you see a bank, credit union, or big name that previously "hated" Bitcoin offering it to their clients, know that you're a part of that change. When wire transfer amounts go down, you're part of that change. When you notice banks changing their fee structures, or interest rates, you're part of that change.

You're helping banks move out of the dark ages, breaking down a monopoly, and gaining not only financial freedom, but financial wisdom too, which is way more important.

Don't worry about the banks. They're going to be there, doing their thing. There are always going to be people who need a bank, whether it is trust, reliance, or just fear of things going wrong. That's fine.

Every time you take money out of your bank to invest in crypto, you're making people in the financial system think – "Why isn't this money staying with us, and what can we do to keep it?" No matter what, this benefits us all.

A competitive and evolving financial system benefits us all. Don't worry about the banks, build your own future. They'll follow suit.