"Gold was once used for similar purposes. But IOUs (also known as bank notes) became much easier and cheaper tokens for paying instead of carting gold around. A very similar thing will definitely end up happening with BTC if it stays slow and expensive to use. The general public will end up never touching real bitcoins at all, instead they will go through financial intermediaries, with Bitcoin ultimately being detached from the financial system, just like how gold was detached from the modern financial system. We will again just be left with fiat tokens of some kind. This is why it is absolutely imperative that Bitcoin transactions be inexpensive and reliable. Bitcoin Cash is a particular upgrade to the Bitcoin system that tries to achieve this. The Bitcoin Core version is taking the opposite path and instead wants transactions to be expensive."
gd post for a newbie lol alot of truth, i agree.
Problem with the IOUs was they gave all the power to a few groups that printed the iou,
leading to all the debt and financial problems we have today. While enriching the controllers.
This is what blockstream are trying to do, become to central bank for crypto.
I wouldnt mind if blockstream set-up their own coin/project from the start and tried everything they want to, in that case gd luck to them.
im against them for trying takeover bitcoin, the market and the ticker.
As for the general public, yes in the past before internet, knowledge was limited and they trusted the financial intermediaries, and many still do.
However many are learning everyday that we dont really need financial intermediaries the same way we used too, due to being in a digital age.
People are now getting smarter when it comes to digital finance.
Bitcoin cash is the best option for all if we want things to stay the way we want to , but better.
its because people are going over to Bitcoin Cash as a safe haven 
