[ernst_klim]

> I can bank from my pocket

My opinion on that is, it's not such a big gain compared to legacy banking with checks, phone calls etc. All the operations you can do now you could do with legacy banks, just a bit slower. Given banking is not something you do every second, the overall speedup is tiny.

[blfr]

When I was a kid, my dad would schedule a monthly visit to the bank. This is one afternoon freed. With 21 in the month, solid 4% of afternoons saved to do something else. Plus the peace of mind because you can check whatever you want whenever you want.

With e-commerce my shopping is down to just groceries. Clothes, electronics, tools, spare parts, furniture, all show up at my door magically without hunting them down in stores. I remember a small repair being half a day. It's an hour now.

My dad certainly did not and could not have maintained a 12 cafe outings a month habit. I can do it with a newborn. Still probably deflationary compared to his activity.