What are some ways that Banks can be cut out of capital flows?

[bluebit]

I think the biggest hurdle is getting places to accept bitUSD or any other digital asset. iPhones with ApplePay are making digital payment with phones possible, but users are stuck with ApplePay.

Everyone has a phone. A bitPhone would be a cool idea. It could create a mesh network around the world, using new technologies. bitPhones can be sold in stores already loaded with bitUSD.

People can asked to be payed in bitUSD from their employers. Their phones get loaded with bitUSD. Go to any store using the internet or near field technology and pay with bitUSD. No Banks.

[xh3]

Moving money always seems to involve a bank.  How could the whole process be made peer-to-peer?  I imagine some sort of nebulous cloud of users sending money to each other using darknets, reputation systems, secure messaging, ripple, bitshares, and bitcoin.

Would it be feasible to design a social-networking/secure messaging/reputation system/ledger DAC that could facilitate a nebulized exchange of value?

The hardest part of trying to do this would be trying to protect the exit nodes.  How would you do it?  Cash in the mail?  checks from burner LLCs? burner banks?

The only form of money that is not lorded over by banks is cash.