Bitcoin is bankless

One of the main narratives of the blockchain industry is “banking the unbanked” and “unbank the banked”. Both statements suggest that Bitcoin and other cryptocurrencies will allow people to do without a bank and be their own bank. Opinions differ on whether Bitcoin is enough to achieve this ambitious goal, or whether we need smart contract platforms like Ethereum or Cardano. I dare say that Bitcoin is bankless. The first time I saw that phrase somewhere…