[ben_w]

> However, crypto is literally solving the extreme problem of infinitely printable FIAT money

Except crypto does nothing to prevent that; and the printability of fiat money is controlled by a number of systems from historians pointing at what happens if you don’t to international treaty to democratic accountability; and the multitude of different cryptocurrencies means it has an echo of the same problem overall only with no accountability, and even within single currencies it has one-dollar-one-vote rather than one-person-one-vote accountability of a democracy.

> and very slow and expensive cross-border transfers, which might be the most impfactful invention of the last 2 decades.

My banks do this at zero cost. Literally zero. Slowest time it a few minutes to show up as a notification on the other bank, normally it’s about as fast as the time it takes iOS to show a notification banner.

> On top of that, crypto adds transparency, accountability, decreases fraud on nearly every consumer product.

Bank can’t refund you if you get ripped off when there’s no bank.

[samarama]

What banks are you using, because cross border transfers take 2-5 business days.

[ben_w]

Halifax (UK), Revolut (Lithiuania at the time), N26 (Germany), plus whoever it is backing up my share trading (I read the small print then promptly forgot it because it didn’t matter).