[dreit1]

I'll give a very simple example that shows the power of blockchains. I needed to receive a very large sum of money from a foreign country.

Half was paid in cryptocurrency, and half was paid in cash via the traditional banking system.

It took 3+ weeks for the money to make it through the banking system.

It took 15 minutes for the cryptocurrency to arrive. I don't get how anyone can not see the obvious merit to this system

[hardly_a_mirage]

And how long to convert the cryptocurrency into a usable currency? As long as cryptocurrencies are not widely accepted, it isn't much useful.

Also, there's a good reason for the checks and balances that take time in traditional banking.