banks will only not matter once cryptos stop doing this:
1, stop being measured against fiat
2. stop being traded against fiat
but that would require people to stop buying food, clothing and paying tax in fiat.

as for 'banks' not mattering to society in a crypto utopia..
well if you look at the direction bitcoin is going.. LN hubs become bank2.0 where retailers start being the bank... oh wait in the UK we already have virgin bank, tesco bank, sainsburys bank moving fiat around.. so not much of a step to move crypto around where they control CLTV (1-3 business day fund maturity) and CSV(chargeback/wire reversal)..

and altcoins will have masternodes as bank 2.0

first of all your mining on a nanopool.. not a bitcoin pool

secondly if you were mining bitcoin. you wont make ROI with that small scale of asics/GPU's
your plan is about 4 years out of date for mining bitcoin.

but good luck with your electric bill

i gotta laugh..
when someone wants to introduce something. they try to make it sound official. problem is that the link in the OP is not a real BBC new article thats been vetted and reported by BBC reporters. instead its part of BBC's stories blog area. that anyone can post in.

i really hate it when people try to make it look like thier story/project/ idea has been reported by news/media where the reality is that its just a blog post.

this makes me (a known donator for years) not want to donate to such a cause because the way to introduce their idea has alot of trickery behind it.

the reality is this though.
imagine it cost a country $50k to rebuild a house. a country does deals with developers.. these developers gets government grants of say $20k and also $30k from insurance companies.

these government grants are normally in the form of not charging housing developers corporation tax or its employees income tax. (which makes up the 40% of cost($20k/house)
and the insurance company saves 40% compared to having to pay out the full $50k themselves.
you will even find that telephone companies, sewerage/water companies/electric companies can drop the $50k cost down further because they put in the utility lines for free and then the resident pays for the phone lin rental/water/sewearage charges over years as part of their monthly bill when they move back in.

you will find that donating does not end up putting funds into residents hands but instead the money goes to cut how much insurance companies have to pay out. meaning the same house is built but now the insurance company can tell its board member they have more profit.because they only had to pay out say $25k of a $50k house

this is the other reason i wont be donating for such a scheme. my donations are usually to frontline services and given for water/food/clothing for the victims to survive on while the mega corps do what they should be doing as their legal duty to their customers.

but i only donate to causes where i can see that the funds are going to the victims and not the penpusher office workers waiting for a bonus/salary increase.

until there is a really good and transparent understanding of the end-to-end (donation->victim) path that cannot be siphoned off.. i would not donate to some random american red cross appeal that has a CEO earning $1m a year, even if that cough "charity" cough is well known and established

its not a country..
its not even a civilisation

the liberland is just 7km². it is not even big enough to have a substantial population or area big enough for living, working and growing its own produce to be self sufficient.

imagine something thats been round longer/has more population/land/cultiure and civilisation..
do you really think that native americans / amish have their own "country". even if they have their own land and try to suggest they dont follow the laws of america and and instead have their own laws/courts/punishment system they are still in america and not their own independent country separate from america.

there is alot more that land owners need to do than just design a flag and stick it in the ground while sipping a glass of champagne saying its their independence day.

..
anyway that said.. proper legit countries wont just take bitcoin on as their national currency. they cannot own/licence/control it like they do with fiat. .. at best they can do is allow people to use it as just another secondary means of payment much like its not illegal to let people swap a case of beers as payment for someone fixing their car or doing a bit of house DIY/plumbing

countries wont use bitcoin as their national currency.

what is more likely to happen over the next decade is that instead of using banks standard database models. governments/banks will create their own fiat 2.0 based on blockchain ledgers. and those ledgers will intercommunicate with each other where by something like hyperledger becomes the IMF auditor/controller of each inter-dependant fiat 2.0 blockchain ledger

your trying to ADVERTISE but trying to do it as a PRESS RELEASE...

can you even understand where you failed

i feel that when it comes to merchant adoption.. both bitcoin and all its forks still have onchain issues...
i feel it will end up being something like litecoin will leap ahead or another coin in terms of merchant adoption

bitcoin devs became centralised. commercialised and knuckle dragged real onchain utility growth.. and their 2nd layer project is something that even litecoin can use. so litecoin seems to be receiving alot more chatter as the go-to coin by merchants in the future.. bitcoin just lost too much rep which it wont gain back with its 2nd layer projects. especially when other coins can use them same 2nd layer tools

think about it.. 2 years WASTED and only this week has core made a semi 90% consumer ready version of their 2015 roadmap. and now say 4+ years for a consumer ready 2nd layer

lol
and do you really think that LN can function at its best if LN close channels are not prioritised above normal legacy transactions??

imagine it. a LN channel signed a TX with low tx fee, and its csv revoke tx is then obviously not accepted by the block intime due to onchain spam.. and ofcourse you cant get a LN partner to re-sign a new revoke with a higher fee. because the revoke is sent because a partner disapproves of the channel partnership
ofcourse the next stage is to prioritise LN transactions into blocks as a work around for LN channels with low onchain fee's
thus causing more dev created drama to the onchain delays debate, with the false premiss that doing so is beneficial for the smooth running of LN (at the further distress of normal onchain spenders)

anyone saying it goes against bitcoins ethos is correct.. but go look into LN hubs and realise thats the direction devs want to take bitcoin

oh and dont forget the cltv - 1-3 business day fund maturity before being able to spend
oh and dond forget the csv - chargeback

this is all because, if you have an idea/feature you want in bitcoin. you cannot just make a full node wallet and let it run and promote the community to run it too.
many have tried and the blockstream crew deem it an attack

blockstream deem only core can be the organisation that controls future features of bitcoin. and if you want your feature included in bitcoin this is the process you have to follow:

"People wishing to submit BIPs, first should propose their idea or document to the bitcoin-dev@lists.linuxfoundation.org mailing list.
this mailing list is moderated by rusty russell - blockstream employee

"After discussion, please open a PR. After copy-editing and acceptance, it will be published here. [bitcoin BIPS on github]"
this bip listing is moderated by Luke Dashir - blockstream employee

if you want to discuss a feature on the development category of this forum, you will find it is moderated by gmaxwell - blockstream employee

as for the bitcoin code
the total rewrite of satoshi's code of 2009+.. to what became bitcoin core was done mainly by pieter wuille - blockstream employee
(sipa segwit core rewrite)

the ring network between pools (fibre) is managed by a version wrote by Matt Corallo - blockstream employee

the majority of the DNS seeds for the network are monitored by blockstream employees
    seed.bitcoin.sipa.be
    dnsseed.bluematt.me
    dnsseed.bitcoin.dashjr.org

again if anyone was to dare make their own wallet with new features that are not aligned to the blockstream roadmap of 2015, is treated as an attack

this can be seen by how aggressive blockstream employees have been against xt, classic,unlimited, and many other full nodes that go against blockstreams roadmap

and yes i can predict alot of flaming from some who try their damned hardest to pigeon hole me into some altcoin camp.. yet cant deny the proof..

and yes some will try suggesting that matt corrallo and gmaxwell and luke JR are not employed by blockstream, but we all know thy are the founders of blockstream.. its an immutable truth even they cant rewrite

yea it happens when you have made 1337 posts

i think what the OP is saying is this:

dont just move coins to a new address if your old wallet was a HD seed wallet, ensure the new address is from a legacy private key and not just a fresh address using you HDwallet seed, after all even if the funds have moved.. using a HD seed that also points to your new address still put your moved funds at risk

think about it this way..
if we were mining using GPU's the electric used by the network would be much higher but the difficulty(security from brute forcing) would be weaker

that said
the total 23exahash is about 1.8mill S9 miners

however
there are half a million ATMS in america
there are 6700 banks in america, many bank call centres, head quarters
(1.4mill employee's probably with access to a pc each)
then we have the background stuff like visa, mastercard and amex servers

and thats before you equate the fuel consumption of the secure bank note armored delivery vehicles and staff getting to work
and thats before you equate the physical resource consumption of printing bank notes..

if you done some maths you would see moving fiat around uses more electric and is less secure than bitcoin

in short FIAT is less environmentally friendly

it is significant

with less volume means that its much easier for day traders to affect the price without spending much.
imagine it like this
imagine all (near) 17mill coins were on exchanges and everyone had to set a price they are willing to sell their coins for. you would see orderlines costing millions just to get to the next level(price increase/decrease)

yet with low volumes, day traders can move the price up or down for only a few hundred dollars per orderline

anyway, there are many reasons why there is low volume.
too many exchanges so that instead of say 2mill trader coins on 3 exchanges(avg 666k each) , those coins are now spread over 20 exchanges(avg 100k each)
other things are when exchanges that handle fiat are hit with some AML/KYC restriction where it becoomes suddenly harder to deposit coin or fiat due to extra paperwork and registration requirements
when exchanges claim they been hacked, traders lose confidence in all exchanges and take coins out incase their other exchange follows suit
real world events like nearing a end of a tax year or a chinese new year or christmas affects peoples spending power and peoples trading habiits change

but basically, if there is a period where volumes are low due to orderlines bing empty (people making orderlines of well under a satoshi) it becomes much easier for prices to move

why do you need to rank up...
how about just make good quality posts that help the community.. you know. its like life.. employment.. relationships..earn a promotion/recognition. dont expect a promotion/recognition just by turning up

then by being a good contributor instead of a spammer, your promotion/recognition will have more value

this is where the old activity/post count caused that.
people posted just to get a post count in any random thread they could find, just to get a quota.

now with the merit system this should naturally die down because people who want to rank up, will now only post if they write good quality content, in a thread that will earn them a pat on the back/recognition in the form of a merit. thus the spam should reduce (we hope)

if you get fiat (£) then you need to declare it and it will get taxed.
it doesnt matter if its from selling a bitcoin, a house or a car.

however selling most cars (common thing many people do) they dont make thousands in profit as most cars decrease in value by hoarding it, so taxmen dont chase you when you sign your log book over to someone else.
however if your making thousands by selling a house or bitcoin and not investing it the same year.. the tax man will chase you.

also dont think that just because they didnt chase you this year you are now free, HMRC can retrospectively chase you in many years time for income/profits you didnt declare years earlier, so dont think about spending all of it if your not gonna declare it... as it may hit you in the future

what most smart people do is this
imagine you bought 10btc last year at £1k each (£10k)
this year you sell just one btc.. thus you have £10k back at this months average..
you have technically not made a loss or profit.. £10k in £10k out.. no tax
now your more then likely to be free to spend that £10k without any tax burden

but if you want to sell all 10btc(£100k) expect to declare it

but speak to a tax adviser about assets

anyone that says they NEED hundreds of merits.. your missing the point

you NEED to make good contributions, and people will give you a pat on the back in the form of merits
and if you have had enough recognition for contributing positively by getting enough pats on the back in appraisal. then you rank up.

if your only concern is ranking up in weeks so you can get some bounty/sig campaign. then im sorry but your missing the point of this forum.
if your only concern is ranking up from a newbie in weeks. then im sorry but if thats what newbies think. then by the time they rank up.. a flood of hundreds of thousands of other newbies would have ranked up too,
which means the bounty/sig campaign awards you hope to get will be lot less, due too too many fingers in the bounty pie

forget about ranking up quicker. forget about making getting merit easier. just learn about bitcoin and help people out.
rank up due to quality posting, not quantity posting.

but yes if you see users getting lots of merit from certain users and those users got merits back of similar amounts within a certain time, (fake appraisals) then there should be a way to have their merit reduced especially if the posts are boring spammy non contributing quality

bitcoin is not a bubble.. its an asset

bitcoins price IS currently in a bubble

take the real estate market. houses are an asset, but the prices can INFLATE real quick above a steady average. this sudden rise for no infrastructural reason is where the prices are in a bubble. and when it bursts it drops to a lower more realistic level

real estate has had its bubbles, as have many assets.
bubbles dont mean the asset is not real. bubbles mean the price is currently very inflated due to alot of hot air(speculation)