[otterley]

> You misread my statement. The trust of banks is an illusion and actually slower than the consensus.

It doesn't matter. Trust makes the world go round.

Even if consensus took seconds to attain instead of minutes, it would still be too slow to maintain the liquidity of even current financial markets. We're talking 2-6 billion trades per day on NYSE alone, often concurrently - as low as 4.6 microseconds per execution. There is no way we'd be able to achieve that with the consensus state of the art.

Only through offline trust and batch reconciliation can we achieve this kind of liquidity.

[_57jb]

You are under the assumption I believe that speculation in it's current form is a good thing. Friedman Doctrine never worked, he himself admitted it.

Crypto is not for buying your latte. It's for the people that cannot trust the system that issues the money to begin with. In your country perhaps it's not an issue. I am sure there are plenty of countries you can see that it is.