Don't call other people clueless. Without trade credit, Bitcoin cannot monetise. We stay on fiat. You want that? Fine. I don't.

BOE is a time-proven instrument from gold times to do this.

Fallacy 1: False necessity: There is no need for banks when using bills. That's the point. It's peer-to-peer!

Fallacy 2: Category error. To blame bills when somebody abuses them is bad logic. You can abuse any kitchen knife. Or Bitcoin for that matter.

Sp, back off. There are enough explainers out already if you really care instead of trolling.