[3pt14159]

Well what I'm saying is that it doesn't have to be the internal database. It can be a completely decentralised system. I send you $50 and you open an app and just walk up to the first money guy that you see on the street. Why do we need physical banks?

[quirkafleeg]

What do you mean by a "money guy" on the street?

[aianus]

Regulatory capture. Your money guys would each need a money transmitter license which costs millions to obtain.