If your money replacement involves dismanteling the little protection we have against money laundering and banking AlQueda (amonst others). I'm going to put you in the "Bad Blockchain" bucket.
I am sure you can make a more efficient banking system if you don't do any checks at all. That's not an interesting observation.
Money laundering is an ill-defined made-up concept. Anyone can get accused of it without evidence and suffer disastrous consequences, without the actions. If is a discriminatory act used by fascists to deny people their rights. Who are you to tell anyone how they can spend their money. You are so full of hate that you think other people must do as you say and be servile to you, even if it means taking their liberties away without cause. Well they won't.
I am sure you can make a more efficient banking system if you don't do any checks at all. That's not an interesting observation.