Why? Things have costs, there need to be ways to pay for them in the code without having an account at a trusted bank somewhere.

The original point of banks was a place to handle the security aspects of money. Crypto dumps the burden of security on its users.

That wouldn’t be a big deal if most crypto transactions where tiny and people where keeping trivial sums in their wallets, but that’s not what’s going on. Thus defeating the point of low transaction costs as there’s a small number of transactions going on and a great deal of overhead supporting those transactions resulting in high effective fees.

Do you think the fees will ever be low enough for casual use? Seems to me like like it's just a matter of time--though perhaps much more time than was foretasted by some.

Until then, there are oddball use cases, like Autonomi, which couldn't use a bank for this anyhow.