If the central banks do so, then I agree the smaller banks will be destroyed. I do believe the bigger banks will not be destroyed (as crooked as they are) because they are the ones that manage the bonds (at least in the US). So unless there are major changes to our financial systems, the bigger banks will probably not die. However, they will have to adapt to the new system and decentralize. The only thing I wonder is whether the fractional reverse banking system will stay or not. If we decentralize, I believe we would most likely get rid of it to an extent (can't transact with what you don't have).

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