[shafyy]

Transferring money has also become extremely easier compared to the past. I mean, using something like Revolut or Wise I can transfer money quickly and cheaply to all major currencies and countries.

But keep in mind that money is different than sending an email, because of crime. Rightfully, governments want to prevent criminal transaction, money laundering and so on - and that leads to increased transaction costs.

I'd rather have my transaction take one day or cost a couple of cents than let financial crime run rampant.

[matthewdgreen]

“It has become easier” and “it has become easier in proportion to the massive many-orders-of-magnitude technological improvements every other IT function benefits from” are very different statements.

Re: crime, I am in agreement that the purpose of much regulation is to prevent crime. But it’s 2022 and I still buy things on the Internet by typing in a 16-digit static credit card number, or send wires/ACH by giving people my static bank account and routing number (from which, here in the US they can withdraw arbitrary funds!) We have the technology to vastly improve the security of these mechanisms, but instead of doing that we operate with 1980s-era technology undergoing constant fraud, and rely on layers of regulation to keep them viable. That’s not inevitable, it’s a very artificial choice. Cryptocurrency is the inevitable result of making that choice, just as Napster and Apple Music were the result of record labels' decision to pursue a (profitable) CD-based music sales model in the era of the Internet.