Things you got wrong about Bitcoin, an occasional series.
"Bitcoin was supposed to replace banks".
No. The genesis block newspaper headline is not a critique of the idea of a bank. It's a critique (assuming it's not just a random chance/joke) of the *interaction of central banking with the financial system*. Bitcoin is a digital currency and a bearer asset. It might improve or alter the mechanisms of debt and trust between counterparties, but it doesn't remove them.