[simonh]

The thing is transferring money with guarantees is a solved problem. All you need is banks and laws and judges and police. We have those. Also transferring funds isn't enough to make a viable currency, it has to also act as a store of value.

[onefuncman]

Microlending ventures clearly demonstrate the existence of under served markets.

Also, I think instead of "solved problem" you mean "solved for white people in rich countries"

[easymodex]

>All you need is banks and laws and judges and police.

Wow that's all? Seems so much easier than just having a crypto wallet and sending anything to anyone at any time.

[tuesdayrain]

Oh yeah, why don't I just sue the scammer from a third world country who charged back his PayPal payment instead of using cryptocurrency that makes it impossible. I'm sure small claims court will be happy to get me my money back.

[SAI_Peregrinus]

The problem is that cryptocurrencies still require laws and judges and police. The only thing they replace is banks, and they do that bit pretty poorly.