In my studies on the history of money and banking the Belle Epoc was dominated by consoles very similar to the preferred offerings of Strategy. The only difference is that governments were paying a small yield on gold backed bank credit. This was an ideal inheritance and was particularly noted in Jane Austen novels.

My sincere question is "why is this a bad thing?" Hal Finney mentioned custodians and bitcoin banks as near preference both for spending, storing and issuing credit :

"I believe this will be the ultimate fate of Bitcoin, to be the 'high-powered money' that serves as a reserve currency for banks that issue their own digital cash."

Bitcoin is an Electronic Cash System. It cannot be rehypothecated within the system and those who layer on top do so with additional risks and rewards. Bitcoin at the base layer, even if a custodian holds a large percentage for intermediaries, cannot be broken within the system of peer to peer connected nodes.

Why should we hold a hard line view that is against Finney's understanding of an inevitable future? Why should we not embrace savings alongside investment? Sound savings building sound investment sounds like the capitalism most are after in this space.