| > It would be impossible for someone to steal cryptocurrency held in your own wallet That's a bizarre assertion. Both individuals and entire exchanges find their cryptocurrency wallets regularly compromised. > whereas bank accounts are routinely compromised and looted For which there are both legal and practical protections in place. If your card is compromised, your liability is strictly limited, and it's typically a fairly easy process to recover from. > Saying you like our current system despite its high fees, slowness, and numerous deficiencies and don’t want it improved is essentially saying you want progress to halt. This is the "We must do something. This is something. Therefore we must do it." fallacy. Banking can be improved evolutionarily without throwing out the whole system in favor of a fraud-ridden platform with scaling issues. It's already happening - transfers between banks in Europe are now near real-time via TIPS, for example. None of these improvements require blockchain, or even bleeding edge computer science of any kind. |