[mistrial9]

you are describing just parts of a larger, complicated system. Everything you say is true no doubt, but that is not all that is going on, in the entirety.

On the other side, six hundred years of modern finance with insurance and performance-based outcomes, have been leveraged with top-heavy monopoly players. In daily finance on a very large scale, industry companies use "trust" or credit-ratings, or regulatory capture even, to hold on to transaction flows with a lot of overhead.

The promise of automatable chains of transactions is a kind of no-boss, no-outsized fee "free market." The largest currency issuers of the world know this, and have been busily building their own, controlled versions.

You are wandering among flea-market stalls and wondering where the sense is, one might say.