[JumpCrisscross]

Cryptocurrencies have prompted central trusted parties which have done everything we don't like banks doing times ten. If cryptocurrencies take over, which is a big if, we'll probably see the same people forming similar institutions with similar behaviors and similar regulators. This isn't because of some unseen conspiracy. It's because banks do the banks things they do because they're incentivized to do them. Those same incentives apply to cryptocurrency exchanges, wallet services, payment processors, et cetera.