[slg]

>But when you dig a bit deeper, you'll find that there is true technical and financial innovation.

I will give you the technical innovation, but I really have not found anything financially innovative about cryptocurrency. What does crypto do that traditional currencies or payments systems don't? The only thing I see is that it largely replaces the old financial elite with a new financial elite and maybe under the right circumstances reduces fees for transferring money. That seems to be it unless you count circumventing financial regulation as a financial innovation.

[meowkit]

Seems unnecessary to nitpick innovation between the disciplines.

The technology enables many new tools to be developed and many old tools to be augmented. Saule Omarova (Biden’s comptroller pick who resigned) had some interesting ideas in her papers/essays. DLT-based deposit debtor accounts being offered by the government was one that I thought would be pretty great.

[slg]

>Seems unnecessary to nitpick innovation between the disciplines.

Cool technology has no value if all it is is cool technology. The important question is whether it enables something that wasn't possible before that technology. I have not seen a convincing example in which crypto does that.

>DLT-based deposit debtor accounts being offered by the government was one that I thought would be pretty great.

For example, how is this improved by using a distributed ledger here especially considering that this program would already be centralized by the government?