[zajd]

It's more or less that all value created from Bitcoin only exists because of the fiat currency systems in place today. It's not like banks hold your money for days when transferring for no reason.

Trust is a social problem and simply cannot be solved via technology because the infrastructure that technology is built on cannot be neutral... we live on a planet with limited resources. If your master plan includes chopping down the tree that holds your treehouse... sounds pretty terrible. Look at international politics to see what "neutrality" in the real world looks like. It's just power dynamics that are outside our control. Is that really what we want out of our financial system?

You see the same thing in the eth community thinking they can use "code" to solve the problem of trust. You can't. Lawyers have been trying for millenia. Bitcoiners are going to need a much more compelling reason/feature than they do now if they want any sort of widescale-adoption (and beyond that, to avoid being smashed when the illegal activities that take place on the network force someone to care)

[nicky0]

Because fiat currency is never used for anything illegal.

[zajd]

Spoiler alert, that's why they track how it's spent and where it's sent to. Turns out that "anonymous transactions" thing opens up a whole giant can of black market worms.