Fractional reserve banking is theft on a grand scale, and guaranteed to send money to the top.
There is no other end to this model.
It is system for the rich to extract the value (labor), from those below.

This is one of the key ideas that sparked Satoshi Nakamoto's greatest invention— the idea of a currency for the people that would be impossible to govern by a single entity.

Commendable but naive.
Government legislation could change everything.
(making owning gold in the US for example. One day it was legal, and the next day, illegal)

The theory of crypto is the way forward.
Whether you think the banks, and employees of the banks - governments - will just aloow this to happen, is a different matter.

The naive say they have no choice, the more worldly wise, see how government (banks) change the rules to suit themselves.

I sincerely hope I am wrong in my view....